All Forum Posts by: Austin Sanne

I guess what i mean is, if you were to already have spoken and came to agreement with the seller that they would get full 130k  no matter what  to sign contract and you do all the work to get it sold at 145 and the seller understands the fact you built in your own profit and totally supports it.  I feel like this could be done yes? The contract with seller keeps your interest in marketing property but then as the wholesaler you just kind of step back at closing time maybe not even be at the closing. Just let the traditional loan close with the buyer /seller and then get your check directly from seller. Does that sound good or what?

What if seller agrees to just cut you check for 15 after closing?

just interested in what is to be said about wholesaling right to the top of the market with non fixer uppers just retail buyers for retail properties. Like for example seller agrees 130 sign and then retail agrees to 145 sign and then profit 15. What are some hurdles here?

Thank you all for the input on this .Everything has worked out pretty well. Bank is just happy to keep receiving payments each month and i receive cash flow and now im ready for next adventure :)

If i were to refinance would that mean i would have to wait another year before i could rent it out? also my credit  isnt as good as it once was and i need to build it back up..would that provent me from a refinance? ive never had to refinance anything before

Ok i am just curious about the owner occupancy guidelines on a fha loan...it says you must reside in the property for atleast one year..ok ive been in the house for 4 years so im not worried about that but then i found out that the loan is backed by NIFA ( nebraska investment finacial authority) and they say you must be in the home for the life of the mortgage but they state that if you dont occupy the home for a continuos year all that happens is you cant deduct the interest on the mortgage for income tax purposes..but it in another spot it also says they might be able to foreclose or want full payment of loan if your found to not be the occupant..so can i rent my house out or what?? i didnt commit fraud as ive been in the home for 4 years..and will they even care beings the payments are still being made? also i would be keeping the 2 car garage as storage with items of mine in there...would renting the house cause serious problems or would i be ok?? please help!

i have a house under contract that i could really use advice on..its not a normal way to get a house under contract but it is under contract and the seller put in the contract that i have the right to do whatever i want with the property during the contract period. Its just a hand cash to seller no agent type deal..so i would really like to find a buyer for the house..what would be the best way to find one? Its a 2 rent income house that needs alot of renovating. 

anybody know of any auction sites that do allow that and dont need your ss#?? I never did sign up for hubzu completely for the simple fact i dont want to give out ss# on the internet

hi i know this thread is really old but i would like to add how i think this might work wholesaling with hubzu..mind you i havnt actually tried and was researching if others have done it..so with that in mind would this work?? Get the selected bid, get the contract, put and or assigns next to your name..try and add a term in there that says: seller is not obligated tied or bound from excepting any other offer during inspection/ contract period therefore the amount of earnest money deposit is in the amount of zero pending inspection. If seller accepts any other offer that is not by the buyer on this contract said contract is void...that way theres no money lost while finding assignment..(hopefully). After theres a copy of the contract just contact a place that buys really cheap homes in that area and tell them you have a really nice contract you want to assign to them..do that until someone excepts your contract (hopefully right away). Then boom. 10k bid assigned for 15k 14k 20k etc...would this work???

Wow thanks for the link! The wholesaler bible had alot of great information.! I cant wait to get going on a deal im just a little nervous. There was this part in the e book where he mentioned if a house is on the mls to try "double dipping" with one agent, getting under contract,  then offering a little more comission to their 6% if they mention the house to an investor also interested in that property...is this legal???