Lucas Bryk
Baltimore master plumber recommendation
Hello BP community,
I’m doing my first rehab in Baltimore (upper fells point) and looking for master plumber recommendation that can act as a consultant to get my final plumbing inspection. I had a plumber that did ...
Brandon Fitz
Earnest Money Dilemma
Recently, I have been faced with a situation where I listed my home for sale and the buyer asked for an extension because they changed lenders. We accepted and gave them a two week extension totaling about 45 days und...
Joseph Hernandez
Which Party has Authorization to delay a pre-foreclosure auction date?
I'm getting conflicting answers. Who do I contact to get an auction date extension, the trustee or the lender? Thank You.
Sean Kloczkowski
Buyer backed out 2 days before closing and is fighting for EM
Hi all,Thought it wise to solicit some advice from those with much more experience and background in real estate than myself. I am selling my house, and the buyer has decided to back out of the deal two days before c...
Celia Moore
Will we get another 1031 Exchange extension?
Earlier this year, the IRS issued guidance extending the time periods for individuals currently in a 1031 Exchange due to the Coronavirus pandemic. IRS Notice 2020-23 provides that those performing time-sensitive acti...
AJ Anderson
Importance of loan step cadence (multiple purchases)
Morning everyone!My question is in regards to multiple purchases affecting each other in regards to lending. We're in escrow and closing on a condo in FL on October 8th. In the meantime, I'm also shopping for a SFH in...
Chai Jonn
Solo 401k Contribution Limits
Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...
Mohammad Alabsy
Buying from a wholesaler. Would appreciate contract help
Hi BP Community,I have found a deal from a wholesaler in the Chicago area (First time buying from a wholesaler). We agreed on price. The wholesaler sent me a one page contract with basic information (Standard contract...
Micheael Certini
Rental Term Agreement Without Extension Provision
If a term agreement does not specify any language as to its extension, does it proceed to a month to month extension or does the extension become a mirror of the original lease term (ie. 6 month lease). Where can the...
Mike Schorah
What do you do if a seller under contract is now not motivated?
I put a property under contract and assigned it to another buyer.
The seller asked for an extension due to needing to talk to an attorney regarding understanding the process of completing the estate accounting to ...