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All Forum Posts by: Brian Pierce

Brian Pierce has started 7 posts and replied 14 times.

Post: Will convention lenders pay an assignment for on a wholesale deal

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Thank you Sam and Devonte.   My escrow officer mentioned the following : "I’m wondering if having an option with the seller would be do-able…. Then it would not be an assignment fee being paid, but actual proceeds, from which your option payment could be made to the seller"

Any advise on this?

Thank you

Post: Will convention lenders pay an assignment for on a wholesale deal

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Hi BP!

I have a nice and habitable property under contract for a wholesale deal.  I have a couple of conventional buyers that want to buy and are pre approved.  I have one lender that would like to speak to me about my assignment fee.  Can anyone provide some insight on what to say and how to structure this?  I am not a licensed realtor.  I have closed 3 other deals but they were cash.

Thank you for the help!!!

Brian

Thank you for the response Chris. I have buyers asking about seller disclosures.  Being this is my first deal, are disclosures something that need to be provided?

Can I wholesale a property to a buyer purchasing with cash intending to live in the property? Are there any issues with disclosures needing to be given to this buyer since they intend to live in the house?

Post: What PA to use on the sell side of a wholesale double close

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Good afternoon BP!!!

I have my first wholesale deal under contract and I have a ton of interest in this home.  I am going to do a double close, but I do not know what purchase agreement contract to use for the B to C side.  Any advise would be greatly appreciated.

Thank you

Brian

Post: Direct Mail Campaign for Wholesaling in Phoenix Arizona

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Thank you for the advise.

@anthonyYannucci I am going with a service and mailing post cards.  

Post: Direct Mail Campaign for Wholesaling in Phoenix Arizona

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Good Morning,

I am a new wholesaler. I have my very first direct market campaign ready to go . I will be sending out 700 postcards a week, with a limited budget.  Due to the holidays coming and this being my first campaign with no momentum built up, is starting my mailing now a good idea? Or will I get a better response rate starting at the beginning of the year

Thank you 

Brian Pierce

Post: Myhousedeals.com?

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Hey @Doug Smith,

I am a newbie investor for wholesaling.  I read this really old post and looked at your website, It is amazing. I am in the Phoenix area, any chance you are set up out here? I hope you make it here soon, this site is great!

Brian Pierce

Post: New Investor in Arizona

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

Welcome Seth! I am from the Phoenix area and looking forward to obtaining the same goals as you. I have already learned so much from BP and have started attending local REI groups. Maybe our paths will cross soon! Best of luck to you!

Post: New Wholesale Investor in West AZ seeking a Mentor

Brian PiercePosted
  • Goodyear, AZ
  • Posts 14
  • Votes 0

thank you Michael Sato