I found a house that has clearly been abandoned. I did my research and I found the last owner through the county assessor. The deed states that "Jarrod" and his now ex-wife "Julie" are the owners. When I contacted Jul...
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Hi everyone, I am in contract currently purchasing an apt building. The sale is suppose to be an "entity sale" however I am a bit confused. My intentions are to purchase the LLC entity that holds the real estate in ef...
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Hello all, apologies if this question has been asked before but after searching through the forums for a while I found nothing to match my particular situation. We have recently sold our rental home to the renters. Th...
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What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...
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Hi All,
I have received a lot of help over the years from the BP community on buying/investing and now im looking for advice on selling. I am looking to offload one of my properties a 2 family duplex in Greenville, ...
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Hello investing friends! My very first "flip" went live on MLS today. What a great learning experience and it was definitely very different than what I've seen on HGTV. :) Nonetheless I LOVED the process.Before/after ...
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I looked at a property today that was listed by a wholesaler I get emails from, he listed the property at $48,000 I met him at the property and looked it over I called him later and offered him $30,000 he could not ex...
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Hi BP team - Newbie here, in process on my 2nd SFH. 1st one is in IL, this one is in metro Detroit with a new lender. FSBO, 30 year loan for $132.9k @ 4.875%. Closing costs line items are different from one lender to ...
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Hello. I’m new to flipping and to real estate in general. I want to get started. I found a property for sale by a wholesaler and here’s the deal. Asking price is 99k, owner owes 90k as the mortgage. How do I go about ...
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I'm looking for experience shares for anyone who has quit claim deeded a property to an LLC after a conventional mortgage has closed. How soon after the mortgage closed? Did you transfer ownership to the LLC? Did you...