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Wholesaling
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Updated almost 13 years ago on . Most recent reply

User Stats

2
Posts
2
Votes
Edith Chandler
  • Wholesaler
  • Baltimore, MD
2
Votes |
2
Posts

1st Wholesale Deal Closing Friday!!!!

Edith Chandler
  • Wholesaler
  • Baltimore, MD
Posted

I'm closing on my first wholesale deal at the end of the week and I am so excited. Everything has been relatively painless, except I have to sacrifice a portion of my fee for closing costs. Basically, I forgot to add a line in the contract that stated "Buyer pays all closing costs". Nor did I have an addendum, so there was a small deficiency in what the end buyer is paying and what the actual closing costs are. I didn't want the seller to have to eat it, because they were basically giving their house away anyway, and they have a few more for me to sell, so I didn't want to taint the relationship with a bad transaction. From now on I'm going to have that addendum ready and will submit it to the end buyer along with the original contract so we're clear. Otherwise, it was a great experience and I can't wait for the next deal. ;)

[twitter.com/ladybaltimore]

Most Popular Reply

Account Closed
  • Wholesaler
  • Chandler, AZ
7
Votes |
15
Posts
Account Closed
  • Wholesaler
  • Chandler, AZ
Replied

BOOM that is awesome. One thing I used to do when just staring out is at the end of every day I would do "Plus" "Delta's" . I would get out my notebook, draw a line down the center, and write all the things that I did right that day under the "Plus" category...and all the things I want to improve on under the "Delta" category. By writing it down I barely ever made the same mistakes twice!

**I use "Delta" because I don't want to use a negative work like "Negatives"!!!

Anyways...awesome job!

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