Katherine Du Plessis
How do I motivate my realtor to close quickly?
Thanks for you feedback BP!I am brand new to realty and just had an offer accepted on my first cash purchase ($25,000 I know its not much) of a single family house. This house is a reverse mortgage / HUD / Foreclosure...
Julie Hassett
Buying from a wholesaler - why no EMD contingencies?
Hello BP! Looking at a wholesale deal in Baltimore city (21213). It's a townhome in pretty good shape on a good street in BelAir-Edison (Pelham). Wholesaler wants $39K cash to close. No contingencies.Question: I've ne...
Carlos Enriquez
Seller lied about rent collected
Outlined for brevity.Recently bought a duplex. My first multi family investment transaction.Realtor used Form 21 Residential Real Estate Purchase and Sale Agreement.No clauses for requesting the pertinent financials ...
Janet Franklin
advice needed on land contract
In 2005 my husband died, and I'm on disability. My sister talked me into moving to Ky and my nephew had a house for sale for 45,000, he owed 16,+ on a second mortgage and the balance was like 29,000 +-. He said he'...
Dwayne Gilbert
God This Is Getting Complicated, Please Help
Have a contract with a seller for a house in good shape but discounted because of their personal reasons. Have a buyer, qualified to purchase, ready to pull the trigger immediately. Have a closing agent ready and will...
Mike Gibson
Dodd-Frank 2014
What's the latest analysis with regard to Dodd-Frank 2014 which comes into effect January 10th as far as how it relates to real estate investors doing options, lease purchases, seller financing, etc.?
Jacob P.
Illegal electric install found after closing. What would you do?
I'm a couple months into owning a rental property in NY. Bigger Pockets was a huge getting it nailed down! Now I've got my first post-purchase question.The home I purchased was a gut renovation flip. To make a long st...
Quinton Kocher
Renter Broke Lease still wants deposit returned
I have a good tenant breaking his lease 4 months early on 5 days notice. He has cleaned up the apartment well and he believes he is entitled to his deposit. Is he right? Property is in NC. No backfill identified a...
Jeff Klein
"1031 Cooperation clause": Should I include it in my sale contrac
I am close to going into contract for the sale of my property. Is it required or desirable to include a 1031 cooperation clause or any other language regarding my intent to sell this property as part of a 1031 exchang...
Zachary Trexler
Need Help Adding Creative Finance to a Standard Sales Agreement.
I'm looking to use Creative Financing Strategies for purchasing property but all I have is my standard Purchase and Sale Agreement. What would I need to add to this contract to create a Sub-to + Seller Finance + Novat...