Ryan Hoffman
Quit Claim deed investing as rental property and tax implications
Hey everyone, I have a question about an individual I met who says they he "owns" over 200+ properties by way of Quit Claim deeds via pre-foreclosure sellers. In other words, home owners facing foreclosure, $1 deed th...
Evan Vallis
Appraising Multi Family - Zoned As Single Family
Hi everyone.Second house hack underway.. *hopefully, fingers crossed*The home is a single family - converted to multi family with split water and electrical. Based off the city zoning map, it is zoned as R-1 (Resident...
Darvin Ezell
Anyone have look getting leads on Craigslist?
I have been looking on craigslist to try and find motivated sellers, but most of the ads I see on there are from other wholesalers trying to market their deals and arent motivated to negotiate. And most of the propert...
Amber Butler
Getting money from a short sale?
Hey bp. I have a question that I am unsure about. Can a homeowner get money out of a short sale? I have heard different things and am confused. A short sale I am dealing with the bank told my seller that any money the...
Account Closed
The legalities of Wholesaling
I want to start by saying: WHOLESALING IS NOT ILLEGAL. Wholesaling is buying a property at a discount and selling it to an investor or anyone who isn't the end user. I'll address a few common questions and misconcepti...
Greg Kousoulis
Selling Property With Low Equity Before 6 Months
Hello Everyone! I am fairly new to real estate and this is my first post on BP. My partner and I are looking to fix and flip a property. I know there's a stigma behind selling a property with low equity, but is it pos...
Corey Beckwith
Hiding purchase price in double closing
Hi bp community. I would like to know if there's any way to hide what I'm paying for a property when I'm doing a double closing. I know it comes up in the title search, but I would like to know if there's legally a wa...
Michael Ealy
Verifiable Proof of Funds and Cash to Double Close
With the crackdown on "illegal wholesaling" happening across the country, I would think that there will be a resurgence in needing Verifiable Proof of Funds as well as Transactional Funding - aka Cash for a Day (to do...
Dirk J Mc Kenzie
Is it illegal to go into REI if you are not a citizen yet?
Is it illegal for me to go into REI if I am not a citizen yet? I have heard so many horror stories of people losing their down payment etc etc because they are not citizens yet. Any help would be greatly appreciated!
Aaron Mazzrillo
The answer to those "wholesaling is illegal, unethical, immoral" statements...
$7M on one deal and it's out there for the whole world to see.http://therealdeal.com/blog/2014/10/14/joel-schreibers-waterbridge-flips-williamsburg-contract-for-106m-sources/Now, all you naysayers, please have a seat ...