David Morrison
Slab Foundation issues? Water, wall cracks, & tile cracks.
Hey guys,First rental property under contract. It’s a 15 year old house built on a slab in Tennessee, 3bd/2ba. Red flags went up on first viewing when water was pooled around back and a little at front of house founda...
Matthew Mummert
1031 exchange Net Sale Proceeds
I'm new to posting on BP, but have listened to the podcast for months. My wife and I purchased some land 9 months ago below marked value. We improved the land over the past 9 months with the goal of building on it, ...
Ruben S Paul
Are water liens negotiable?
Good evening, I do some wholesaling in philly area , I came across a huge lot near temple that I have been In serious talks for a contract . The owner wants to walk away with 20k without paying any liens/judgments. Th...
Tesfa Nicome
My seller hasn’t filed taxes on her LLC for 15 years
My seller has a property established in an LLC she hasn’t filed taxes for in 15 years. I called tax office and they informed me approximately 5,000 is owed to get the LLC in good standing.
Which I’m assuming will pr...
Adam C.
Title won't release earnest money
Just had a sale fall through because the seller did not sign on the contract date. My rate lock expired the day of closing and since the sellers were no shows, we decided not to purchase the property. As far as I und...
Mike Schorah
Who determines the closing date?
I’m wholesaling a deal.
The contract states that we close “ON OR BEFORE” February 15. How is this determined? Do I determine the exact closing date?
Is it the new buyer that determines the exact closing date, the t...
Account Closed
Austin - Yay or Nay?
I see the pros and cons of course in a hot market but would like to know what others opinions are either in a similar market or people who are in Austin right now. For context, I have been living in Austin my entire l...
Chris Bounds
90 Day Flip Rule FHA
Question for flippers and the 90 Day rule for FHA financing: Can you enter into contract prior to the 91st day, but wait to execute on the 91st day?Example where the 91st day is 11/10/2015A buyer comes along today (10...
Zach Schwarzmiller
Tenant Question: "Room-Mate", no lease, now estate owned home
My friend's mother has just died and her boyfriend had been living in the house renting a room (for quite some time now). The house is now owned by the estate and my friend is wanting to list and sell the house come A...
Ron P.
SDIRA Prohibited Transaction
Is it considered a prohibited transaction to sell a note held by my IRA to my ex?