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Results (10,000+)
Manny Cirino List Commissions Dispute???
13 March 2019 | 15 replies
@Manny Cirino it obviously sounds like a procuring cause case....and you should entitled to the commission in the contract plus you have an expiration clause....might be worth it to legally receive your due commish!!
Aaron DiCaprio Supermodel exploits legal loophole and skips rent for 2 years!
4 March 2019 | 10 replies
But it was not enforced, hence you got doctors, lawyers and models living in a legal cutout for artists to be able to live and work in the city.
Daniel D. URGENT AGAIN: Offer Accepted - NOW WHAT?
5 March 2019 | 10 replies
Without that, there is no legally binding, enforceable contract.Assuming you do have a written contract, it should say in the contract how long you have for inspections and what rights you have with respect to entering/inspecting the property. 
Sami Gren Legal contracts and other documents
3 March 2019 | 2 replies

Hi, saw there are several websites that offer for money to have contracts and other necessary documents for a monthly payment.
I would like to have a website that would let me add stuff and take off stuff and everyt...

Nate Anderson Best Buying Practice: Corp, S-Corp, LLC or Self Directed IRA?
4 March 2019 | 5 replies
I can DM contact info for a good CPA if you want it, just shoot me a message.This isn't legal advice, just my opinion as a real estate investor.
Geoff Antone Cash on Cash and ROI with Hard Money Loan Financing
26 January 2021 | 4 replies
GeoffCosts Due at Closing Points: 3% of loan (one time) [only financed at 70% of ARV]Origination Fees: $1,020 ($400 document processing + general administrative costs, $575 legal fees - preparation and review of all documents, $30 application fee (charged at closing), $15 flood certification)Appraisal Fee: $400 - $475 (paid directly to state licensed appraiser)Insurance: ARV x .45% -- (paid for 6 months in advance before you close; can choose any insurance company as long as it meets minimum requirements HML has + lists HML as mortgagee on policy)Buying Closing Costs: 1% of purchase price (title insurance + escrow fees)Outside Costs (Holding) 4 Month Flip (120 days): 2 months of construction, 1 month on market, 1 month in escrow/title; plan for 6 months Monthly payments: 1% of loan Utilities: $230/month (varies; $125 electricity, $60 water, $45 gas)Property Tax: $3,000/12 months x number of monthsRealtor fees: 4% of ARV (multiple realtors that will list for 1%)Selling Closing Costs: 1.5% of ARV---------------------------------------------------------------------------------------------Example of House:Buy at $120kRehab at $50kARV at $230kCosts Due at Closing Points: 3% of loan; financed at 70% of ARV ($230,000 x 70% = $161,000 loan) $161,000 x 3% = $4,830Origination Fees: $1,020Appraisal Fee: $475Insurance: ARV x .45% $230,000 x .45% = $1,030Buying Closing Costs: 1% of purchase price $120,000 x 1% = $1,200TOTAL CLOSING COSTS: $8,555------------Outside Costs (Holding) Monthly payments: 1% of loan $161,000 x 1% = $1,610 x 6 months = $9,660Utilities: $230 per month $230 x 6 months = $1,380Property Tax: $3,000/12 months x number of months $3,000/12 = $250 x 6 months = $1,500Realtor fees: 4% of ARV $230,000 x 4% = $9,200 Selling Closing Costs: 1.5% of ARV $230,000 x 1.5% = $3,450TOTAL HOLDING COSTS: $25,190-------------Out of Pocket Portion for Rehab: $9,000TOTAL OUT OF POCKET COSTS: $30,095TOTAL OUT COST INCLUDING REALTOR FEES AND SELLING CLOSING COST: $42,745Calculations-------------------------------------------------------------Buy at $120,000 + $33,745 (costs) + $50,000 (rehab) = $203,745Sell at $230,000 - $203,745 (costs + rehab) = $26,255 (PROFIT)Cash on Cash $26,255 (Profit) / 30,095 (Total Cash Invested) = 87 %Return on Investment $26,255 (Profit) / $203,745 (Total Spent including all cost) = 12.8%
Howard C Calling all BPers: Need advice on how to structure a Deal
5 March 2019 | 3 replies
Property is located in New York, which is known for their long foreclosure process and also the fact that the bank doesn't have the proper paperwork to move forward from a legal standpoint. 
INgo Schaer Pass Through Funding on a wholesale deal - Which states allow
4 March 2019 | 1 reply
The same has to be treated in real estate too.Disclaimer: This is not a legal advice.
Ram Gonzales Small Fund Looking to Generate Organic Leads
6 March 2019 | 11 replies
I've found all mine off market, this is what I do.Before you jump into the game make sure what you are doing is legal.
Tahsheen E. Warren Getting Started in Real Estate/ Wholesaling in Dallas Texas
18 March 2019 | 3 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.