Looks like the IRS dictates that the seller who sells on terms has to declare the minimum rate (I believe it varies but is around 3%). Which means that if you ask for and get a principal-only mortgage, the seller is g...
I'm an investor of single family homes and usually use an agent to submit offers/contracts. I want to prepare for the day I deal with a property that is for sale by owner and only wants to sell directly to a buyer. Be...
My grandparents are selling their home in a very hot market (Katy) and they said that I can be their agent, only problem is I’m not an agent and it will take too long to acquire the license because they want to sell A...
I'm a licensed real estate agent that really wants to start getting into investing but worry that there's a conflict of interestso, as a real estate agent I come across deals everyday and my eyes for recognizing poten...
Does anyone have experience with how turnkeys are priced with and without a Turnkey marketer? I am wondering if the price of the property is typically increased because there is an additional middleman. Or since the...
We were selling a vacant home as is through a realtor and had a amended signed offer that buyers could go in and fix peeling paint so appraisal could come out higher. Realtor over the phone discussed it as touch up pa...
My question is, how do you intertwine your two businesses or do you only focus on one?As a fellow realtor my general focus is investing. I have discussed with fellow agents about putting my license in holding but hav...
I had entered into a contract 7.5 years ago for a lease purchase. The contract is very informal. It is now time for the owner to transfer the property into my name. I have assigned the contract to a company to continu...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $11,000
Sale price: $49,900
I used a commercial loan and borrowed $41k
I only paid $800 Cash out of pocket on clos...
I'm sure we've all had experience with really bad tenants- ones that deliberately caused damage, non-payments, serious problems or even worse. Some say good-riddance when they are gone, others (Including me) think th...