Chris White
Making money using hard money and wholesalers
So we closed on selling our second flip today and both deals were with a hard money lender and a wholesaler, at the end of the day we lost money. We thought we had made a small profit on the first and had rolled in t...
Arthur C.
Urgent - LLC to be taxed as a S Corp
Hello BP Community,I have an important tax related question that I need someone to help answer. I have created my LLC back in July 2018 and started my first flip in August 2018. I actually had 2 months and 15 days to ...
Aaron Phillips
Another Question For Wholesalers
I just finished reading the Wholesaling Guide on BP for a second time, just to brush up on my Wholesaling knowledge. Now i'm back here, and seeking a final answer to the big question I know many other Noobies have abo...
Natalie Wade
Got my first contract
I have my first property under contract. The contract amount is for 200k for a fixer in my area. Now that I have it I am sooo nervous as to what to do next. All the info I have read is exploding in my head. I want...
Michael DuVentre
Is the lawyer going to kill my probate deal!?!?!?!
I recently found a really good deal in my home town. This is a probate deal I am working on. The person who owned the home died and it says in the will that the home must be sold and the money received from selling it...
Jerryll Noorden
Question on Assigning a contract
I keep reading that when you assign a contract everyone will know how much you are making.I do not understand how.Please tell me if this is valid.Lets say I have a property under contract for 100KI am selling the cont...
Karin Crompton
Potential buyer has a USDA loan. What do I need to know?
Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
John Do
How to compete with cash buyers?
I have put in multiple offers for 4 unit properties using the VA home loan only to get beat out by cash buyers. On a property asking price of 325k, I offered 330k w/ escalation clause of 5k over highest bidder up to 3...
Jen Salemi
Hoarder house in Vermont thru auction.com
Hi. I recently won the auction.com auction for a property located in Vermont. Closing over the next few weeks. The property was once owned (obviously).... then successfully foreclosed upon by the mortgage company....
Christina R.
The deal that WON'T DIE!!!
I would very much like to hear from BPers who have had lengthy, crazy contracting (by this I mean putting it under contract, nor rehabbing lol) and closing proceses on their properties.I'm currently "in the middle" of...