In the world of wholesaling, two things to consider are motivated sellers and equity. If I found a seller that had a lot of equity but no motivation to sell, then it would be hard to get the property under contract an...
Whenever I look into wholesaling it’s always from the perspective of a cash purchase. Problem with that is that limits the pool of buyers. I want to get things under contract with financing option and assign that cont...
I am looking NOW at doing a land contract deal on a 300k property. (Before I was looking at owner financing on a different property but that didn’t pan out) I will be Leasing it for 2 years with a portion of the mont...
Hi BP, I wanted to share a situation I was able to overcome this week to prepare you if you are buying an older property (converted 4500 sqft home older than 1900). I had a local insurance company say they could insur...
I just sold my rental to the tenants who are living there. Escrow has closed and the tenant sent me a message about a refund for partial rent (they paid for the full month- but escrow closed on the 12th) and they aske...
Hola! I'm in contract for my first investment property and I'm wondering where in my financial analysis are the following considered when analyzing costs: appraisal, inspection, title insurance, closing costs, and in ...
I'm selling a rental house FSBO. An agent calls and says she has a buyer willing to pay the asking price. She and the buyer each want 3%. The agent wants a 3% commission (fine with me), and the buyer wants a 3% conces...
I am about to make an offer on a property and the seller plans to 1031. Am I better off making a higher offer with a sellers credit due to buyer at closing to get to my net? Does this help with the sellers 1031 basis?...
Sorry for my ignorance however, I must ask this question: Does anyone know the difference between "Purchase Closing Cost" and the "Sale Closing cost (not including commissions)" entries on the "Fix and Flip Analysis &...
Good evening,We want to sell our house without an agent. My current understanding is that the big thing is we will have to furnish closing documents? How do you close without an agent? Also, do I have to pay their buy...