All Forum Posts by: Clint Weir

Welcome from a fellow San Antonio investor.

Chad, Thanks for the warning. I'm here in the San Antonio area so I will definitely keep an eye out for him and ask around at some of my local REIAs if anyone knows of him and make sure to warn them, too. If there's something I can do to help out, feel free to reach out to me. It must be hard having to travel back and forth just to keep a watch on things. Live and learn.

Welcome Amy,

We're from the San Antonio area and relatively new to real state investing and BP, too. It's nice to see another husband and wife "tag team." We're members of the San Antonio REIA so if you don't already belong to one, or are interested in checking out others, you can find it at meetups.com. In fact, there's a networking event this Monday so perhaps we'll see you there.

Cheers!

@Wayne Brooks - So I would use an "and/or assigns" clause in the contract with the seller much in the same way that I would if I were wholesaling the property? Where would I make money on this? I'm not familiar with an "Saigon." Is it the same as an assignment fee? I'm relatively new at this type of transaction so I don't know what an "MLO" is, either.

What if the duration I have in the contract that allows me to walk away, say after 14 business days, if the deal doesn't go through expires? Or the buyer and seller intentionally allow it to expire? Wouldn't that enable them to do the deal without me?

Thanks for your help.

I have a buyer that wants to owner finance a home. They have a substantial down payment and can afford monthly payments of $3K+. I have located a seller willing to owner finance their home which they own free and clear. Once I get the house under contract, how would I structure this kind of deal so I don't get squeezed out ?

Welcome Alex,

I'm in the San Antonio area and kind of new here, too. Have you had an opportunity to check out the local REIA? Drop me a line if you'd like more information.

Clint

Donna has been an Educator for 28 years. Clint is the Owner/CEO of an Online and Mobile Marketing Consulting business. Together we plan to build a Real Estate Investment business that Donna will take over full-time when she retires in a couple of years. We are interested in wholesaling initially to get started and want to eventually move into rehabbing and rental properties. We were introduced to Bigger Pockets through some of the other groups we are part of and are looking forward to forming new relationships here, as well.