All Forum Posts by: Ahmad Darensbourg

How do you get a seller to accept a double closing deal without any money; also how much time do you have to come up with the funds? Is it the average month or is the deal to take place the exact same day?

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@Christopher Phillips @Steven Leigh

Thanks for that piece of knowledge because every house I have so far is listed as a MLS. Are there any tips on finding houses that are not MLS? What is your take on HUD homes or homes listed online 'For Sale by Owner' also forclosured homes? Are those three also waste of time to wholesale?

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@Christopher Phillips @Steven Leigh

For example; there is a house listed at 35,000 by a listed agent. If I wanted to wholesale this house I could write up a contract for 37,500? The buyer who buys the contract will then deposit me 2,500, and the listed agent will receive commission from the remaining 35,000 right ?

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@Christopher Phillips

the part i am confused at, and this comes with lack of experience, is that if a buyer agent is not involved how is the contract written between me, the listing agent, and the home owner. Does the listing agent split the 6% with me or does the home owner set the terms.

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I was wondering is it possible to wholesale outside of the state you are actually living in. For instance if I live in Louisiana and want to wholesale a property in Atlanta, how exactly do I go about that situation or deal?

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Originally posted by @Michaela G.:

Come to an agreement with the seller and then go to the agent (I worked directly through the listing agent - no buyer's agent) and said that I want to make an offer of XYZ for this property. They wrote it up, presented it and we both signed.

So how does the percentages of the profit actually work out? And, what if the realtor doesn't agree? Is that deal out the window?

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Originally posted by @Account Closed:

@Ahmad Darensbourg Sure, If you want that agent to inform every other agent, title company, RE attorney etc in your market that you tried to circumvent their listing agreement with the seller. Whatever the deal might net you, it's not worth the reputational damage.

Thanks for the warning. But, can you assist me on any tips with getting the realtor to work with me?

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Originally posted by @Michaela G.:

I did that a few years ago. I didn't cut the agent out of the commission, but we seemed to have communication problems and since I knew where the owner lived and had met him before, I just went to his house and we discussed why he wanted to sell the way he wanted to and what his motivation was etc and we came to an agreement, I wrote the offer through the agent and we closed.

What are the steps of writing the contract through the agent and closing if you don't mind explaining?

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If a home owner has a listed real estate agent, can I still bargain and negotiate directly with the home owner for a lower price?

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Hi, BP!

I am too young to get my real estate license. But, I am interested in the business, specifically wholesale. I was wondering, if there are any tips you experienced wholesalers or investors may have? I am also open to advice on how to get help or a mentor in this business.

-Thanks

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All Forum Posts by: Ahmad Darensbourg

Ahmad Darensbourg has started 10 posts and replied 21 times.

Post: Double closing

Post: Negotiating prices without involving the realtor.

Post: Negotiating prices without involving the realtor.

Post: Negotiating prices without involving the realtor.

Post: Out-of-State wholesale

Post: Negotiating prices without involving the realtor.

Post: Negotiating prices without involving the realtor.

Post: Negotiating prices without involving the realtor.

Post: Negotiating prices without involving the realtor.

Post: Amateur to wholesale.