Ben Valentin
Can someone help me understand how to find the 70% rule?
Here's my problem:I've been working with Realtors, Wholesalers, and just looking at my own deals online. I've been looking over a lot of deals, and their numbers show their ARV estimates, Rehab estimates, etc.Not one ...
Michael Lerch
Need a realtors license if you do 5 or more deals?
This has been coming up more and more as I continue my wholesale journey. I heard from my appraiser today that in michigan you need a realtor license if you sell more than 5 homes in a month. I asked where she heard a...
Richard Warren
Obama Can Sure Spend It!
Not bad for one month:
$787 billion stimulus, now he wants $634 billion for healthcare and the House just approved a $410 billion pork spending bill.
$1.83 Trillion in his first month!
He still has 47 months to go...
Payton Chung
Raleigh zoning changes to relieve 2/3/4-plex shortage
The city of Raleigh is considering two changes to its UDO (zoning ordinance) which would legalize duplexes almost citywide, and townhouses or small apartments in many more zoning districts -- particularly along the pr...
Drew Gelinas
Renting Property to Insurance Agencies
I have a STR that we use which is waterfront and has high peak seasonal cost in the summer. We had someone reach out looking to see if we would be interested in a 6 month rental from an insurance company that they wo...
Ryan Fahey
Fannie Mae (Conventional) Loan and Wanting to Close with Land Trust
Hi all, I have a Wyoming Holding company and Arizona LLC created. I am open in escrow on an investment property that I'm doing with a Fannie Mae loan. I'd love to close with my name not on the title. I know land trust...
Allen Cunningham
My mother inherited property with a basis of 25k and sold for 7M in 2022 - Tax help
The property was originally purchased in the 1940's. Mom and dad put the property in a bypass trust in the early 2000's and one feature of this type of trust is assets never get a stepped-up basis. Parents passed away...
Brian Gibbons
Dodd Frank - CFPB - Sign a Petition to Allow Seller Financing
There is a petition available for Real Estate Investors to say that Seller Financing needs to be exempt from Dodd Frank.Read the petition.http://savesellerfinancing.org/cfpb-action-letter/"We are asking the Consumer ...
Robert Woodruff
BEWARE OF UNSCRUPULOUS HML'S
First off, I am mostly to blame myself. I had a BAD feeling about this company from the beginning but I'm desperate. Anyway, I found a house listed for 8k, went took a look,priced rehab at aprox 5-6k with comps at 35-...
James H.
Dallas Housing Authority Timeframe
Hello Everyone,At a meetup group about a year ago, the speaker mentioned that Dallas Housing Authority is slow about inspecting homes for Section 8 applicants.It is a slow time of year and we agreed to accept an appli...