Brandon Lockard
What if tax bill increases just after closing?
So I closed on a property July 18th. On August 5th I get a call from the mortgage servicing company that they went to pay the taxes on the property and there is a discrepancy of nearly $600 and that I should visit the...
Michael P.
Couple Owner Finance Related Questions
I have a couple questions hopefully someone on here can answer one or both.
1. I recently sold a house that had a first and a second note I made to the buyer. The second was due and she paid off the principal howev...
Account Closed
LETTER OF INTENT TO PURCHASE
Doing FSBO on a residential property, sales price less than 160K Which is better for me, as seller, to use, this Letter of intent to Purchase or, the Agreement to Sell and Purchase in the other post? What needs impro...
Frank J.
Renewal Options/Extensions
I am in negotiations with for a 5 year lease. There is an additional proposal by the tenant for two 5 year options. This is typical and something we have dealt with before. I just wanted to see how others handle the r...
Matt Inouye
Seller-Financed Note Holder Asking For CASH NOW!
Hey BP Community.A few months ago (pre-COVID-19) one of my seller-financed note holders approached me and asked if I could accelerate the payoff of the note even though the note/contract still had many years left befo...
David G.
The Kind of Choices I LOVE To Have!
Hello everyone!
My name is David. I been on BP for I would say around 1-3 months. I havent had much time to post here since I've been getting ready with my REI business.
Ive decided to being with wholes...
John Halligan
Cleveland Bank Owned duplex
My first deal I'm scared!!! I just bought a duplex on auction for 18 k. Zillow estimate 66 k. I live in California I think I made emotional purchase my Mom was from Cleveland. It was take as is no inspections. I am...
Alex T.
Quarterly LLC Payments
I have an LLC that was started in 2017 for my first flip. The LLC generated no taxable income in 2017, but of course, we still filed a return. We sold the flip property in 2018 for a profit. Was I supposed to be payin...
Navid A.
Really excited about this deal, thoughts?
Hey BP, about to close on an awesome deal (or at least I think so), would love to hear your feedback! Found a single family home (for sale by owner) which has a long term tenant staying on property upon closing. Here ...
Vlad Denisov
Quote process and great deals
1. Let's say I find a deal on Loopnet. What information do I have to get from the commercial agent? Or I have to get it from a seller? If so, should I ask agent the contact information of the seller? At what point do ...