So just some background info. Have a contract on a property, settlement date is set for the 23rd of Sept. Using banks title company for settlement on a foreclosure.Received word today from the title company they are h...

Background:So I just got a tenant in my 2nd rental property.  I closed on May 23rd, 2013.  Tenant moved in on July 19th, 2014.  There were some things I had to take care of: change front and rear door locks, replace m...

Sounds like a moronic question but I have a deal in which my lender required myself and another one of their customers(former biz part) to form a sales contract on a property that i wanted personally. The sales contra...

Ok, at the risk of sounding like an idiot, can someone please explain the difference? I am listening to a gentleman talk about his dream team and he is talking about making sure to have a good title company/ real esta...

This Question is about purchasing from Private Commercial Banks with cash. I want to be clear.NO purchases from government agencies and Cash Purchase Only . This question is About cash REO purchases from a private ban...

Hello everyone, There is a package of 16 Single Family Homes in a nearby area that is up for sale. I have emailed the agent associated with the package asking her if seller-financing is an available option in which sh...

I live in Texas, and I've heard of the TREC 20-12 but its 9 pages and I've seen a lot of wholesaler's just locking up contracts with a simple but yet effective 1 page Contract, I looked around the web and found these ...

Hi,

We closed on our first rental property last month and had prorated rents deducted from our closing costs. The amount deducted is considered rental income, right?

Thanks,
Kelly