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My client, let's call him Paul, was not happy to owe the IRS $100k - the tax penalty of having a successful flipping/wholesaling operation. So, based on his buddy's advice (sounds familiar?), he ordered a cost segrega...
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I've noticed some wholesalers saying deals must be all cash and some even require no contingencies. Is this standard? You can't buy wholesale deals with financing? You can't have inspections?In the event that is true ...
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I'm really trying to find ways of hacking the negotiation with the seller's realtor... I don't trust they provide the proposals I make, and I have the feeling that they are not serving their customer's best interest o...
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There is a short sale on the MLS in my market that is very, very close to where I live. If I were to someone acquire this property I would rehab and it a sell it. I have a few questions -
* Is the listing a...
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I was curious as to how licensed brokers (in California, or anywhere similar) handle fee splitting when buying properties for themselves. Presumably as a broker/agent, if you present the selling agent with a buyer, yo...
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I sold/financed a house in NC in 2011. The buyers never made a payment on time and when they got several payments behind, my attorney sent them a foreclosure notice. They filed for ch 13 bankruptcy.
The DOT states t...
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I have read that now its only legal to invest 10% of your liquid net worth in a trust deed in California. So if you want to buy a 100k trust deed you need to have a cool million in the bank. I have also read that yo...
Good morning all,I have a unique opportunity with an 84 unit complex in Atlanta. I received a call from one of owners of the complex. The group has owned the complex for 20+ years, and while they aren’t in a hurry to...
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Summary: I attended the December 2017 event as a VIP member. Compared to other events I attended over the past 23 years, this had the least usable content and the most red flags. I did not receive “VIP Education,” I d...
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I have been using an eviction company in 2016. They seem to be too busy to get my evictions done in a timely manner, and have a hard time knowing what the results were once filed. I want to start doing evictions on my...