Anthony Polk
Do land contracts qualify for $8000 tax credit?
From the definitions of who/what qualifies a purchaser/purchase for the highly touted $8000 tax credit, it appears that a change in title (to the buyer's name) is what constitutes the "qualifying event". Of course th...
Michael Tapia
Tenant Making it Difficult to Enter a Contract
Hello everyone, I need some advice on how to handle a situation involving a potential property I'd like to buy and hold in the Tulsa area.The price of the home is relatively low for the cul-de-sac in which it is locat...
Matthew G.
Under Contract and Found Delinquent Taxes...Who Pays?
I just put a property under contract that I plan on wholesaling. However, I just found out that there are $1,000 in taxes due on the property (delinquent). I trusted, but did not verify, the sellers word there are ...
Karen A.
Purchase Contract w/ 2-year lease before closing
You have a mess, you should never have leased the property with a tenant being responsible for maintenance and repairs.
It could be assumed the home warranty would be provided at closing, not at the time of a...
Rob Green
Wholesaling - Selling the entity and not the contract
I have my own opinions as to whether or not wholesaling should be legal or not. However, it seems to me that one fairly simple way to avoid the whole issue of brokering a sale is to sell the entity in which the contra...
Joshua Spivey
GC not finishing the contracted work, Wanting payout
So long story short, I hired a contractor to do a whole house partial renovation back in June, project was slated to take five weeks and complete on August 7. It is still not done. My contract says that I pay him 50% ...
Eric Benz
First Time Investor Under Contract! Rental Property Analysis
After being interested for many years, I finally pulled the trigger and am under contract for a duplex in a class C neighborhood where I live!!! The duplex will be used as a long term rental.I have posted my numbers ...
Tyler Davis
Setting up Insurance with new Property under contract
Hello!I have a done a few deals and have always had issues with the insurance part of the process. My issue is my Lender need's proof of insurance on the property before he signs off on it and gives the final okay to ...
Cory Pippen
First time out of state purchase under contract
This is my first time investing in a rental property. I’m in San Diego and the property is in Michigan. I used to have a 5 BD house with a studio and rented all the rooms, so I’ve at least been exposed to a carousel o...
Sam Shikiar
Anyone have experience crafting contracts between money partners?
Hi all, I am an investor (currently have several duplexes in OH) and am attempting to begin scaling into larger multifamily 4+ unit buildings. I have several people lined up who would be interested in teaming up with ...