I have a seller who filed bankruptcy a while back and has a property that has been sitting for years. I checked the public records and the house is still in her name. She said she still had to keep the grass cut and w...

Hi BP

I just made a cold call on a turnkey duplex in my market. Owner loves the property. Said its been a great money maker over the 17 years she's had it. But sounds like she would be willing to sell at the right n...

Please excuse my lack of knowledge on the topic of subject 2/wrap deals. I like the idea of the sub2/wrap deal but what is in it for the seller? They may get outstanding property debt paid but their name is still on t...

How many houses can someone sell with owner finance each year without having to qualify the buyer though a mortgage originator?   

Hello BP!  I'm looking for some input....I am in negotiations with a potential buyer interested in purchasing one of my investment properties.  We have discussed seller financing and are close to agreeing on terms.  H...

Hello BP community,I have a seller who has almost a third of an acre of land in a good neighborhood in Atlanta. New builds are in the process of getting permitted right now on the same street. I've never wholesaled la...

I am trying to calculate my building basis for tax purposes.

Can I add the items under the heading "Adjustments for items unpaid by seller" on my HUD statement? Specifically, "County taxes" on line numbers 211? Thi...

Rob, I think you would trigger the due on sale clause, but these forums discuss buying property subject to the existing mortgage, so maybe search that phrase and see what it says and if you could use it.

NOTE FROM MO...

I did a search on the MLS for active listings that had the word "motivated" in the description and I was surprised to see there is a lot on there, quite a few have been sitting on there for a while. I know that likely...

Ok so I have a couple of questions pertaining to wholesaling properties. Once I analyze a property and decide that I want to make an offer... What if my offer is less then what the seller owes on the property?  Can th...