David Levine
Selling a condo in Los angles and want to purchase out of state
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Mike Stahlman
Title and lean liability to end buyer
Hello, We are purchasing a house through a Wholesaler for the first time. They are using a standard Missouri contract and are doing a double close. They say the title company will not close if the house does not ha...
Kajal Aggarwal
Refinance immediately after closing
Hi All,I closed on a property last week and the loan I got was 7/1ARM at 4.125%. The purchase price is 1.5M and loan amount is 1.2M. I had to agree for the higher rate under stressful situation as I was running out of...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...
Account Closed
What a roller coaster ride REI can be!
Its been a crazy 2 weeks.8/22 - I was set to close on a house I was buying for cash. I had to wire the money to the closing attorney, but they actually sent me the wrong wiring instructions. Long story short, $14,000 ...
Darsh Patel
Power of Attorney for out of state closing
Hi Everyone, I am closing on buying an out of state property next week and I was just curious if anyone has any experience using a power of attorney to sign for them at closing? How do you find an attorney to use at ...
Vinh Nguyen
Inherit tenant cannot leave and has not paid rent
Hi, my partner and I are getting ready to close on a triplex. Our contingency was that the tenant would have to leave by 1/12/21. However, he is a section 8 tenant and the city is having a hard time finding a new plac...
Garrett M.
Using off book funds to close home purchase??
I am closing soon on an investment property using conventional financing and 25% down. My question is: Is it ok if, at closing, I wire funds from another of my personal checking accounts that was not reviewed as part ...
Galit Garsiel
When selling a flipped house, do you get the money right away?
When you sell a house you've flipped, can you get the money right away, or do you have to let buyers pay mortgage, because nobody is willing or able to pay all the money upfront?
Muhammad Saleem
I need help in my first wholesale deal please !!!!!!!!!!
I have a property in consideration. Seems a good wholesale deal but I do not have any title company which is good for wholesale deals (in Wayne county, MI or nearby). At what stage I need title company to be involved ...