All Forum Posts by: Account Closed

I have a been eyeing a few deals which my birdog client seems to have no interest in, I thought maybe I would look in to wholesaling one of them (at least) thus, I have the following questions.

1. When I send a letter to the owner do I offer to buy the home, or explain that I'd like to put the house under contract?

2. I don't really have a buyers list yet. Is that a major issue? I do plan on asking for mls listing permission in the contract and of course advertising on craigslist and to the few people I do have in mind.

3 transactional funding verses assignment. Can an individual get transactional funding or do I need a company.

4. I am thinking of asking for a partner/mentor in the area on BP as I really could use the guidance and help in finding a buyer and possibley in getting transactional funding. 50/50 split on the deal. is that a good idea?

5. Any other tips? I am only about a month into the the newbie stage

Obviously I would get a home inspection, a few contractors estaments, and a price opinion before I put it under contract.

I am in northern california, deals are in sacramento county california.
Thanks for the help!

Loan amounts 40% or less of given FMV. My current client seems to have no interest in these. I'm a newbie and need money to get started in wholesaling so the fee is negotiable. I'll give all the info I was able to dig up. Fees paid on close of puchase. I'm new to forum, can't post in birddog section. So figured I'd try posting here first. Sorry if it's in the wrong section.