All Forum Posts by: Alain Perez-Majul

Hey guys,

Was curious about this and figured I'd ask. Generally, real estate markets die down during the colder months of the year; although wholesaling is a completely different animal than having retail buyers buy/list their properties, are there any effect felt from the winter months in Indiana (or anywhere with and Indiana-ish winter, for that matter) when it comes to the amount of incoming leads?

Cheers!

What's going on, Aaron?? Glad to see another Hoosier on here taking advantage of this extremely helpful resource! You'll find a lot of support from fellow members, and there are quite a handful of us from Indy! Reach out if you need anything

Hi Cheryl! Welcome to BP!

Yes, this site is a wealth of knowledge and the support system among members is great! Any questions that you ever have are most likely to be answered if you post them.

Cheers

So here's the deal:

I have a client looking to buy a house of up to 300K for their personal residence. We're trying to find someone that would be willing to give up to 300K cash to purchase the property (the property would be bought under the lender's name); upon closing, we would then double close with the lender. We would like to do a land contract where my client would give 100K down payment, and would then do a 10 year balloon amortized over 30 years at 8-9%.

Please, if you are interested, or know of anyone that might be interested and would be able to help, lemme know!!

@Shawn Holsapple

@Ryan Dossey PM, I might be able to help. Not sure about 30-40, but get a hold of me either way and we can talk.

@Brent Coombs The seller isn't your client, and you've disclosed you're licensed. I suppose we'll just agree to disagree.

Why shouldn't it be possible? It's a business, and the wholesaler is providing a service. The seller called the wholesaler for a reason- if they wanted to list, they would've called a real estate agent.

@Account Closed I agree. At the same time it's quite funny. Yes, you definitely run into that a lot in real estate, but man, a difference that big?? If only I could sell memories... lol

The best part is she called him to let him know he's way out of her league XD

@Ryan Dossey That's what I had figured you meant, but needed to make sure haha :P

Wait, @Ryan Dossey, I'm confused. I take it this was direct mail and you're wholesaling; what do you mean you'll pay "what the market allows"? You don't mean market value, do you?

@Brent Coombs Which is completely fair; to each their own. Doesn't make it any less legal, however :P

By that logic, you would almost want to work MORE with a licensed wholesaler since he/she would have to tread lightly.

Moreover, once could argue that there are more experienced unlicensed wholesalers than licensed ones, and it's experience that you fear (fear of getting taken advantage of) when you hear "licensed."