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whats on your checklist prior to buying property?
i just read a thread about how some1 needed to rip out a kitchen because a termite inspection wasn't done properly. so i wanted to ask what is on your checklist of ...
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My goal is to make more, spend less and invest the difference! Will put the money into large cap index funds until I'm ready to purchase my next property. Either a short term rental (Palm Springs or Big Bear) or anoth...
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My brother and I are currently have a contract to purchase a triplex in our area for $134k. We are planning on doing conventional financing at 75% LTV which makes our down payment and closing amount around $40k. Ori...
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If you don't already know, transactional funding is a type of funding used by wholesalers to complete double closes if you don't have enough cash laying around to buy and sell a property in the same day. Most wholesal...
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I have a question(s) regarding EMD: How much should I ask for from a potential buyer? (I heard that 1% - 2% of the purchase price is ideal).Where does the earnest money go, when all is said and done?
Hi,
Is there a company that would provide proof of funds for a fee? We would like to include a proof of funds letter with our offers sent.
We want to make sure it's a legitimate company/bank and not a f...
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I'm almost done with my FIRST FLIP in Sarasota, FL (and projected to make $20k net profit!), and was just presented with a great BRRRR deal in an opportunity zone in Bradenton, which got me to looking further into the...
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Hi All,
Will maxing out HELOC before selling exiting property cause 1031 to be denied by IRS? HUD-1 only shows the amount used to pay off 1st mortgage and 2nd mortgage (HELOC) but not the data of fund drawing from HE...
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I am trying to do a cash out refinance on a triplex that i had purchased in February with cash. Since I purchased under my LLC and preferred to keep it that way i went to my local bank that i do business with and t...
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Hi everyone, I’m curious—how many of you are actively closing real estate deals right now? Are you finding the funding process smooth, or do you run into challenges?
I’ve been involved in lending for a while and know...