All Forum Posts by: Barbara Garrett

Good evening,

Being a wholesaler and new to the industry, has anyone every been asked by a seller to show proof of funds as a wholesaler and if so do you have any suggestion how to handle such request; especially when my goal is to lock in the contract with the intent to do an assignment of the contract.

Is it a good Idea to advise the seller I am a wholesaler, my concern is that I don't want to take the chance on loosing the chance to obtain a sellers contract. Is their a legal document I could use, by me having an legal company name as an LLC if I use a proof of letter being that I am an LLC would this be sufficient, until I locate a cash buyer so I won't loose the contract.

Thank you

Good evening Jonathan, 

I would like to first say thank you for taking out the time to review my questions, ok re the contract first, I was thinking that is what I needed to do, yet you and others have confirmed this is the way to protect my interest in the property; and yes you was very  helpful in providing me with great feedback of how to handle this particular situation.

Thank you  

Good Evening James,

Thank you so much for taking out the time to respond to my question, you provided me with very valuable information that is going to help me in ensuring that I  don't get taken advantage of being new to the industry of realistate. You provided me with excellent points and I truly appreciate the feedback.

Thank you

Good evening,

My name is Barbara, I'm new to realistate wholesaling industry, in your opinion is it a good or bad ideal to provide the property address for a buyer to research to determine if he/she wants to accept the deal, prior to having them sign an document. My concern is that I don't want an issue with the buyer trying to make a deal with the seller directly; since they have address, pricing etc.,. I have  a buyer who has stated that he/she does wholesale deals with wholesalers. yet he wants to research the property by me providing the address, pictures which I understand and what the seller wants to sell the property for, looking for some input regarding this matter.

2nd does anyone have any suggestion and is there a document I can get access to for the buyer and or seller to sign to

protect me from the property being purchased  without my assignment fee being paid, in other words deal being completed between seller and buyer after I had done all the due diligence of the property search.

lastly has anyone ever experience this type of scenario just wondering. 

Thank you 

Good evening Ramon,

Thank you so much for the feedback, the information regarding how to get access to the contacts 

was very helpful, I will try the Rocket Lawyer site. 

0.

Good evening My name is Barbara, and I am newbie to  Wholesaling realistate investing, would anyone happen to know where I can access the State of Georgia Seller, purchaser,assignment contracts for the state of Georgia. 

or does anyone know of a general contract I can use for each seller, Purchaser, assignment contacts.

thank you