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?
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...
Derek Armstrong
To be an agent or not to be
Should I become an agent if my only objective is to pop into MLS properties? I have little to no desire to sell a home or help anyone but myself buy a home. I do realize that my team will need agents, I just don’t wa...
Zamir Kazi
Negotiating IRS Lien?
Hello all!I have a potential deal off a yellow letter campaign I did.It has a $29,000 IRS lien.I was wondering if I was able to negotiate this lien? I have gotten two different responses from two different attorneys. ...
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...
Steven Sales
Looking for a repairs per sqft. method
I'm looking for a sample guide of, how i should structure a ballpark estimate based on the per SQFT. method for the Hampton roads area.I'm ok, doing a fixed cost estimate. I want something a little quicker when lookin...
Rick Reeves
First Offer/Purchase - Letter of Intent ?
Hello, I am an aspiring real estate investor looking for my first deal. I have real estate license as well, but currently only use for referral deals, as I have never been a "realtor". I found a tri-plex I like which...
Andrew Syrios
Maintenance and Tenant's Schedule
Our properties are spread out over town and we normally have our maintenance guys call ahead of time to schedule a time since many tenants are really uptight about having people in their homes without their knowled...
Tyson Hosey
Non-MLS deal, who pays broker commission?
So, I'm purchasing a property from another investor off market, and the agent is representing both sides of the deal. He had a seller who needed a buyer for his property and I came in as a buyer needing a property. Be...
Sheldon B.
Dual Transaction
My wife and I own an older home that need about $20K in repairs. Based on the area we live in, our home has about $23K in equity. Our home is currently too small for our family, so we would rather move into a larger...