Beatrice Temi
Price listed, prince under contract, and buyer price
Hello, Could someone please explain how this works. The prince listed and price under contract. Which price do you inform the buyer? How does it all work together when selling a contract to wholesale? Thank you in adv...
Josh D.
Cancellation of Debt 1099-C Question
I'm negotiating a deal and have a seller who hasn't paid her 1st or 2nd in 2 1/2 years.
I just got the 1st to accept the buyer's offer. I recently discovered the 2nd (Discover/Morgan Stanley) sent the seller a 1099-...
Andrew Rader
Is it smart to use HELOC as a cash offer for investment property?
Hello! I have recently discovered the HELOC tool but was wondering how to best use it. To me, it does not make sense to use for a down payment since the return on the property would have to cover the new loan and HELO...
Keith Jones
Seller's Disclosure Fraud - Underground Tanks and Contamination - WWYD
I recently purchased a home where the seller disclosed that there was a underground heating oil tank that had been decommissioned - standard question on OR state disclosure form. They then went to state "no contamina...
Tidal Creek
lien cancellation document for lot and modular home purchase
I’m trying to buy a lot which has a modular home on it. I want to keep the modular to repair and rent it out. The owner paid off the note on the modular, but can’t find a signed lien cancellation document. For some ...
Brady Lamprecht
My First SFH Rentalf
Investment Info:Single-family residence buy & hold investment.
Purchase price: $38,000 Cash invested: $35,000This was an extremely distressed property that had a caved in kitchen ceiling and some really wo...
Travis Limbocker
First Hard Money Deal - Duplex
Investment Info:
Small multi-family (2-4 units) hard money loan investment in Kansas City.
Purchase price: $102,000
Cash invested: $64,000
Contributors:
Robert Musallam
Acquisition an...
Cory Melious
Tenants plugged drain and septic tank with tush wipes. What to do?
Got an emergency call last week that one of the units toilet wouldn't flush and was backing up into the shower. My plumber went and discovered tush wipes sitting ON the toilet tank while trying to test the toilet. He ...
Mariqus Alexander
Unbudgeted items that can kill a budget.
Over the years, I’ve gotten better at creating a budget that can actually be met. I used to create a budget with the hopes of everything going smoothly. After performing more the 30 plus rehabs, I’ve learned now to ...
Tom R.
leaky water line from swamp cooler reveals leaky roof
I am in the process of buying a house which needs a lot of mostly cosmetic repair. I am purchasing the house as is and below appraisal value. One of the problems it has is water damage from a leaky swamp cooler. The s...