All Forum Posts by: Adam Weinstock

Looking to connect with investors, contractors, or anyone also looking to do some deals together! I'm direct to seller on 20-25 off market properties per month and currently have block homes in Clearwater, Largo, St Pete, Hudson, and South Tampa. Let's do some business!

Hi David. Curious, how many other lenders have you talked with besides this one private lender? Lender requirements will vary not only from lender to lender but there will also be a difference between a lender that loans private money and a lender that brokers the loan out. I always recommend having a few in your back pocket. If the loaned funds are private, qualifying may be easier. However if the loaned funds are brokered, there may be more stringent guidelines. Not a bad idea to ask your lender if it's private money or if it's brokered out. Lenders will typically tend to want an LLC for purchasing. And I've seen documents be drafted for signing rights to the property by title (not a comprehensive agreement of compensation). As far as negotiating that compensation, whatever makes it a win-win situation, probably want to get that in writing but I'm not an attorney.

Based on the question, I assume you're asking from the perspective of trying to wholesale? In my experience, wholesalers tend to use or create their own individual contracts that the flippers will sign, and separate of the contracts they have signed with the seller. While I see wholesalers use their own contracts, most real estate agents prefer to use the FAR BAR contract as it covers many more variables and is a far more comprehensive agreement. When I've done work with wholesalers, I find it most streamlined when they use the FAR BAR contract as well. If you're a licensed real estate agent the FAR BAR can be downloaded from the MLS. If not, might help to have a real estate agent contact

@Branden Jordan, sending you a PM!

Hi  @Josh Green, I'm with Networth Realty, are you currently working with anyone in my brokerage?

Hi Ursula - I come across many off market properties here in Tampa / St Pete and would love to help in any way I can. 

I'm a licensed agent with off market properties currently available in New Port Richey, Tampa, and St Pete with more on the way.

Whether you're an experienced investor or looking for your first flip, I can help you continue to progress in your real estate career. I can also help get you set up with a reliable hard money lender as well as contractors, electricians, plumbers, etc to help grow your team.

Give me a call or send me a text if you're looking for your next flip or rental!

I'm a licensed agent with off market properties currently available in New Port Richey, Tampa, and St Pete with more on the way.

Whether you're an experienced investor or looking for your first flip, I can help you continue to progress in your real estate career. I can also help get you set up with a reliable hard money lender as well as contractors, electricians, plumbers, etc to help grow your team. 

Give me a call or send me a text if you're looking for your next flip or rental!

Hi @Tyler Lucas,

Welcome to the exciting world of real estate investing! What kind of lender are you looking for - ie conventional, hard money, etc? It never hurts to have multiple lenders in your back pocket that you trust, my brokerage has an in house hard money lender but I also have a few others from past deals as well. I have also dealt with other lenders that could not perform or had stipulations that inhibited the closing process. 

One piece of advice I would suggest is not to get sucked into the points/interest as the sole reason you choose a lender. If you can see a prior HUD from a deal, ask for one. I can't tell you how many times I'll see a quote for low points and interest and then the lender tacks on additional fees that doubles the points on the loan. On the flip side, actually having low points and interest doesn't mean anything if the lender can't even perform on the loan.

Feel free to connect if you have any questions!

@Luke Rorech Weekly - are you looking for properties for yourself or clients?