Is there anything I should know before wholesaling my first property in Georgia? It's a deal on a mini storage facility. Should I use a lawyer to draft the purchase and sale agreement? If so, who pays the lawyer fees?
Here is a purchase and sale agreement I downloaded. Is the escape clause ok? What do I write in the second paragraph, address, county, then zip code or state? What does it mean when it says "Possession shall be given ...
I know this question is asked million times here. But I am getting started in REI and specifically in wholesaling. Is here anyone who can share Sale and Purchase assignable Contract and Assignment Agreement forms whic...
Been working for months to get short sale approved on a triple wide 443 mobile home thats 1,880 Sq ft and sits on a 70,000 Sq ft lot. The bank has approved $184,000 and our contractor has given us a $39,000 repair p...
Hello Everyone!I need opinions. This is my second purchase of real estate (not including my primary residence), and the first was several years ago and was a vacation rental property, which was sold after a couple of...
My tenant of four years recently mentioned she is interested in purchasing the home. While I wasn't planning on selling, the offer has made me consider seller financing - I own the home outright under my LLC. I am new...
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
When assigning a Lease Option I would:Letter of intentLease agreementOption to purchase agreementBetween seller and I, then:Assign to end buyerCollect option fee and step out of deal. Since it is not considered down p...
I am trying to do cooperative lease option on a property. The owner is asking for sale price that is at least $20K above the market price. I can make it up by applying 50% of the rent money towards the sale price (dow...
Hello, I put an offer down on a duplex in Cypress Park Los Angeles. It's looking like a pretty good deal except for one huge concern that I have regarding a tenant who is occupying one of the units. She is an older l...