Bienes Raices
Quitclaiming into LLC, and lease
In the event that you own a property in your own name for a while and then decide to quitclaim it into an LLC that you've formed, what do you do about the lease if you have tenants currently there? Do you create a bra...
Michael O.
Listing on MLS before closing
Hi all just a quick question on legality of something here in NJ. Can I purchase a house put in escrow and have a realtor list it on MLS before I officially close on the house? My contract clearly states that I will ...
Kaleb Dodson
Seller wanting to back out of Contract because of higher offer
Hello guys,My team and I just got a great potential rental under contract. This is a new situation for me, since the seller wants to back out within 24 hours of signing the PSA because they got another offer for $5k m...
John Underwood
New law makes wholesaling illegal is SC
The new law the SC Governor just signed makes wholesaling illegal.It has 3 parts.1. It defines wholesaling2. It says you must have a license to wholesale.3. It says a licensed realtor can't wholesale.No attorney is go...
Daniel L.
Wholesaling Entity P&L, COGS vs Operating Expenses?
I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements? I see the P&L te...
Iris Ortiz
Wholesaling is illegal in NC?
I just ran in to a REALTOR that told me would not work with me because assignments of contract and wholesaling is illegal in North Carolina. I have contacted an attorney that advised assignments and double closings ar...
Peter Grosso
Wholesaler went around a realtor?
Hello All, The seller signed an agreement with an agent, then he decided to sign a deal with the wholeseller. There is a signed agreement but the house is still on the market so I guess the agent doesn't know. Wh...
James Park
How to fire a property manager who is difficult to work with.
One of my clients is trying to release a property manager who has been very difficult to work with. I will not discuss the details of what he has done wrong to my client. My client emailed the property manager that...
Jasmine Brumfield
Two deals in Charlotte Metro Area and I need your opinion!
I have two deals in the Charlotte Metro Area. One is located in Cabarrus County and the other in Iredell County. The sellers of both are motivated and want to sign contracts tomorrow to sell their properties. These wi...
Yiftach Ilyov
Seller wants to cancel a day before closing
So a day before closing I got an email from the title company stating the seller wants to cancel the deal.
What are my options ?
Someone was in that spot and can shed light on with his/hers experience?