Russell Johnson
Seller doesn't want to pay capital gains tax on rental.
Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us. He didn't balk at the price but told me tonight after a conversation with his a...
Dave S.
How to get seller to understand what a LO is
When it comes down to it for some people a LO is simply too much to comprehend and it deters them from wanting to do a contract. Plus it's not the "usual" Harry and Sally want to buy the house with a mortgage. How do ...
Mark Henry
Seller/Property Manager lied about rental income on multi family
Outline of events- Bought a quadplex about a year ago- We asked about income/expenses from the past seller and were given monthly statements/expenses for the past couple of years which looked promising.- We have some...
Paul Winka
Meet seller at house with potential buyer a good idea?
As a wholesaler, is it a good idea to meet the seller at the house for a walk-through with a potential buyer/assignee? Is it generally a best practice to not let the seller at the end buyer until the closing?
Jack Forester
Where to credit seller paid closing costs (I'm the purchaser)
Okay, I bought a new rental property and had the seller pay 2% of closing costs (max allowed by my lender). Under the new Closing Disclosure form (no longer the HUD form), it shows nothing specifically paid by the se...
Carlos Martinez
Seller postponed closing till Jan 1st for his tax purposes
Hello everyone. I posted a few weeks ago about a 4 plex I was planning to put an offer in. Refresh, 4plex in NM with very low rents ($375 for 2bd 1bth) and asking price of 174k. I am going to use my VA and I will oc...
Matthew Allen
Seller's Insurance Claim Check Delayed and have to pay roofer
I am closing on a house next week. The seller and I agreed they would file a claim on the roof due to hail damage, and I would cover any out of pocket costs like deductibles, overage, etc. I arranged the roofer, the s...
Brian Arpke
DD Money Back If Seller Backs Out? (Not Inspection-Related)
Not sure how unique of a situation I have on my hands. The seller re-signed a 5yr cable contract last November for a 16 unit we are 10 days away from closing on. As a contingency, I required proof of the cancellatio...
Jarrod Pettit
30+ Rentals for sale in Muskogee, OK - Seller Financing Available
I have over 30 performing rental properties for sale in Muskogee, OK. Anyone here interested?You can take as few or as many as you want. Cherry pick my portfolio!I am willing to carry a note on them under the followi...
Cameron Outlaw
How to attain/approach a seller as a new wholesaler
Hey all looking for some advice. When it comes down to finding a seller and explaining what I do and the process as a wholesaler, what are some key phrases to use to inform them and gain their confidence as I am not a...