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Updated about 7 years ago,

User Stats

6
Posts
5
Votes
Mike Schultz
  • Oakland, CA
5
Votes |
6
Posts

I'm new to wholesaling but I've taken action. Two questions!

Mike Schultz
  • Oakland, CA
Posted

Hello everyone! Happy to finally be on Bigger Pockets publicly. I'm a long time lurker, you could say. 

Why I'm here:

I've been passively interested in real estate investing for some time now and have finally hit a point in my life that I need to take action towards my goals or I may never do so. As I said in my title, I've taken action. I've started sending mailers out to qualified leads recently with full intensions of going through with a sound deal if it comes about. 

Questions:

1. I want to know I have someone to reach out to if a deal makes sense. Ultimately, I need someone who invests in the Bay Area. Or even several people, which I'm sure will come with a solid deal so I'm not asking for that necessarily.. But more importantly, I need to know what numbers make sense so I don't waste their time as well. Is there anyone out there gracious enough to connect with me and inform me on some examples of desirable deals I should be looking for?

2 (3 and 4?). Drilling down a bit.. I've done enough research to know the mile high process around wholesaling real estate and negotiating to reach my MAO. The problem is: Once I actually have the deal, the desired purchase price and a cash buyer interested, what next? How do I approach a title company with this situation? How will things go on the day of signing? Am I even there or is it just the cash buyer and seller? Probably pretty basic questions, I know.

Thanks for reading! I appreciate any and all insight offered. 

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