All Forum Posts by: Barbara Gardner

@Cameron Novak Yes I understand now. I definitely admit to having some confusion on the funding end of things. My impression was, although I made the offer, I did so with the intent of assigning the contract and upon closing the end buyers funds would actually be funding the deal. I just wasn't sure If this was common but now I see that with certain circumstances it is. 

@Caleb Heimsoth @Account Closed Thank you both! Again, I truly appreciate the input and its nice to be able to have support and get advice so quickly :)

@Account Closed Thanks for your input Bob. It is greatly appreciated :)

@Caleb Heimsoth Well to answer your question I didn't realize that wholesaling off the MLS was a "waste of time" or a bad approach to get a wholesale deal. I don't think you should comment under someones forum, who CLEARLY states that they are new at this and asking for advice, that something is a waste of time. State HELPFUL advice, or don't comment.\\

@John Thedford When reading this post did I mention that I was a "real" buyer? NO. I mentioned in the original post that I didn't know what to do which is why I asked for advice. Did you read in the post where I came back to explain that I clarified with the realtor that I am wholesaling and there is an actual "END BUYER"? it doesn't sound like it. Obviously she chose to work with me because she thought that I was the end buyer and one could say it was probably safe for her to assume that I knew how this processed works, which I will admit at any time that I don't know how everything works and I am still learning. As far as what I intended on offering, I made my offer and it was below list price. And yes, I am going to reconsider my strategy. Thanks.

John Thedford I understand them not wanting to waste their time and wanting to work with serious buyers. However, if you read the post thoroughly you would have read that it says I’m a “new investor” and there are clearly things that I am still learning. The point of the post was to get input from those who have experienced this or knows someone who has. I think it’s been established by now why they want proof of funds.

@John Thedford 

After making this post and getting advice from others in the forum I did go back to clarify that I am not actually the end buyer and that I am wholesaling/Assigning the contract. She sounded like she understood a lot more and said after talking it over with her broker she would see how they can adjust some things and where we could go with the information  I clarified for her. 

@Jorge De Jesus Hello, and thanks for welcoming me. I have sent out postcards, and done some social media marketing. 

@Ryan Blake Ryan, Thank you so much! your knowledge has really given me a better understanding and really cleared my anxiety.

@Ryan Blake Its great to get that information. I don't have a mentor so now I see going along with things there is a lot to learn even after you think you've properly educated yourself. Its understandable that the agents/brokers want to make sure this is a legit deal and I am not throwing numbers at the homeowners they're working with. I am currently not working with a brokerage firm this would be my first deal, If I was to miraculously figure out how to work this. They do know that I am a wholesaler and I explained that I am not the end buyer but I may not have been clear about the fact that I am trying to do a double closing or assigning the contract for a fee. To my knowledge, I didn't think we could assign the realtors contracts, only our own contracts.