Appraisal Contingency: How It Works for Investors
An appraisal contingency lets a buyer renegotiate or cancel and keep their earnest money if the property appraises below an agreed amount. Here is how it affects investors on both sides of a deal.
Practical guides on finding deals, finding buyers, and closing your first wholesale assignment.
An appraisal contingency lets a buyer renegotiate or cancel and keep their earnest money if the property appraises below an agreed amount. Here is how it affects investors on both sides of a deal.
A cloud on title is any recorded document, claim, or record error that casts doubt on ownership. Here is how investors spot the common ones early and clear them before closing.
Real estate professional status lets a qualifying taxpayer treat rental real estate losses as nonpassive. Here are the 750-hour and more-than-half tests in the IRS’s own terms, the aggregation election, and how wholesaling hours fit.
Learning how to flip a house comes down to buying below value, budgeting the renovation accurately, holding the property briefly, and selling to a buyer who can close. Here are the nine steps with a worked budget and current ATTOM data.
A bridge loan in real estate is short-term financing, usually 12 to 36 months, that covers the gap between buying a property and refinancing or selling it. Here is how investors price, use, and exit bridge debt.
A blanket mortgage is a single loan secured by two or more properties, so one note and one closing cover a whole group of houses, lots, or buildings. Here is how release clauses and cross-collateralization work, with worked examples.
The Missouri foreclosure process is usually nonjudicial: a trustee sells the property at auction after mailing notice at least 20 days ahead and publishing it in a local paper. Here is each stage, plus how Missouri’s 14-day wholesaler disclosure changes pre-foreclosure deals.
Fee simple is the most complete form of property ownership in U.S. law: the owner can use, sell, lease, mortgage, and leave the land to heirs. For investors, the real question is whether the person signing your contract actually holds it.
Rental arbitrage is leasing a home on a standard long-term lease and then, with the landlord’s written permission, renting it to guests by the night. Your profit is the spread between guest revenue and all of your costs.
Yes, you can get a HELOC on investment property, but fewer lenders offer one and the terms are tighter than on a primary home. Expect higher credit score, equity, and reserve requirements.