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Buying a Short Sale as an Agent, Commission?
My partner and I are both licensed agents in Washington. We want to form an LLC and purchase a short sale to flip it. My question is, will the bank still pay us the buyer’s side commission?Will the banks sell the prop...
Denis Clijsters
Salt Lake city / Utah - Building a team, bringing in investment
Hi Everyone,In a few weeks I'll be heading back to Salt Lake City to start investing there. I've chosen for the city since I do know several builders there and, the metrics are good as wel with a growing population an...
David P.
Warranty or Quit Claim Deed
I would like to ask the general question which is better to do when transferring deed from person name to business name - Warranty or Quit?
I want to ensure I don't affect insurance - and if so what are the r...
Dennis Tynan
LLC Form Purposes for Flipping
Starting an llc in Illinois to get hard money loan and flip houses. Is there any reason to not have the purposes on article of organization be both general contracting and property investing? Name of the company wou...
Frank Wolter
You,Money, Investments etc.. over your wife and kids. What? Yep.
I once had a conversation with a more seasoned investor. He told me to always put you, money and business first over your family. Of course me being a big time family man and my total motivation being my family I was ...
Antonio Pican
New residential construction partnership structure - How to split
Hello,I own a lot in an existing neighborhood which homes currently sell for 350k. I am currently a builder myself and was approached by another builder in the neighborhood who is currently building a home down to str...
Tarsha Adeyemi
$30,000 finders fee on a foreclosure ?
An agent wants to charge a 30,000 finders fee on a $250,000 property. That sounds really high. Is that normal?
Chihiro Kurokawa
Syndication attorney: all-in-one?
Does your attorney handle the securities AND real estate side of things, giving you a one-stop-shop for all things legal with your deal from A to Z?I'm wondering whether this is more common, or if syndicators more oft...
Heather Schmidtknecht
Ask for seller to pay closing costs?
I am ready to make an offer on a house being listed for $129,500. I am looking at two different options to structure my offer (see below)... Is there a tax (or other) advantage to either offer?Option A:Offer $125,000...
Sam Abe
How to deal with selling agent
Hi RE Gurus, We are in process of selling our house. We signed contract with our RE. While selling our agent was very positive and convinced that we should list at X and we will get overbidding of Y and will get fo...