Hello All,I am in need of help. There is a Restaurant/Bar for sale in my city and the owner is a motivated seller. I have went to view the building and it is in good condition. The owner wants an ungodly amount of mon...
I have been reaching out to for-sale and for-rent listings in an attempt to find sellers that are interested in a rent to own arrangement. I plan on assigning the contracts. I have a couple questions:1. Many sellers a...
Does anyone suggest or have an opinion on an up&coming wholesaler using a free website or a paid site for starting out? I think that if I could direct people I'm marketing to my email, my phone, and a web address,...
Hello BP, I have a question about mortgage options for a rental property. I would like to find a house for under 150k to rent but I don't know much about the mortgages that I can use. I can't rent out a house with a...
Hello everyone. Quick question on options. I plan on talking to my attorney about this but wanted to get some ideas from my BP friends first.
I put a house under contract last week (house is pre-foreclosure). Af...
Hi all,I read about lease option and what I understand is the seller's loan is being paid by the renter we put in place for a lease option. My hypothetical question is, what would happen to the loan if the original se...
Trying to get some options for a contract that we just tied up today. I have a property locked up and was planning on marketing it out as a wholesale deal to my buyers list and shouldn't have much trouble doing so wi...
Does anyone have a pretty solid copy of a lease option contract. I believe there are 2 separate contracts, one for the purchase and one for the lease, but I could be wrong. I have a motivated seller who is looking for...
Hello I have a potential customer that has been approved for a Short sale on his current home. (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house. I am looking into purchasing a...
I was wondering what type of tax implications lease option assignments bring? Is there a certain amount you can do a year before being labeled something like a trader? Is it just earned income?
Thank you for ...