All Forum Posts by: Josh Miller

Realize this is an older post but I'm interested.  Can I get some contact info?  Wholesale check in it for you if this goes through.  

@Randi Plevy.  I asked my closing attorney and she said: "I respect tenacity. You cannot avoid mortgage tax unless you are a credit union or a natural person lender and that only avoids the Lender's portion of the tax. The mortgagor does not avoid his share even when borrowing from either of these lenders."  
Not the response I was hoping for.  

Oh that's really interesting.  Thank you!!!  I'll see if that will work with my lender.  

Hi @Joe Orel did you take a look at the BPO?  What other information would you like?  Please feel free to e-mail me at [email protected] for any specific information.  Thanks

Sure thing.  

This is the correct BPO Link

BPO attached in Link: BPO With Pictures

ARV $180,000

Asking: $110,000

4bedroom/2 bath

Hot Market <90 DOM

2,592 sqft

.87 acre lot

Give me a ring if interested.  626-710-7236 or [email protected]

 I use private funding on all my purchases and typically I issue a mortgage and promissory note but amazing New York decided that they want to have a "mortgage tax".  My thought is to use a rental property I own free-and-clear in a different state as collateral  and use those funds to make the NY home purchase.  Only issue with this is now I have to re-do Title and get a new Deed and that is also going to cost me.  Were not talking a lot of money here, probably only about $2k in mortgage taxes so I'm not going to die if I have to pay it but wondering if anyone has experienced a similar situation and knows of a way to protect the private lender and pay as little in taxes or other fees as possible.  Appreciate any help you can provide.  Thanks

Thank you all who showed an interest in the house.  Home Sold.  

Knoxville, TN Wholesale opportunity. Give me a shout if interested. Full BPO available upon request

626-710-7236

7123 Lavender Ln, Knoxville TN 37921

3 bed 2 bath 1,222 sqft on .4 acre lot

Brick Exterior

ARV $98,000

Repairs: $13,580

Market Rent: ~$1,050

Asking: $55,000