All Forum Posts by: Marlon Wilson

Yes,

I usually add an addendum that states the buyer will have x amount of days to move prior to closing, if it exceeds those days, I will have a late fee or lump sum, and charge a monthly rate. Make sure end buyer agrees to these end terms. I haven't had an owner occupied situation where the owner did not move though.

Hope that helps!

Welcome Mo!

I'm a wholesaler in the Houston area, but starting to do the fix/flip thing. Let me know if there is anyway I can help you!

I use a one page contract, works perfect! As long as it works with your title company you should be fine!

Hey, I never heard of a 50% rule, it is usually 70& minus repairs. You should still be able to make a profit with those deals. Thanks

I'm a local Houston wholesaler, can't wait to attend next meeting you have! In the meantime if you or anyone else needs leads in the Houston or surrounding areas, please feel free to email me at: [email protected]

Hey Adrian,
I usually don't and explain to my cash buyers that they weren't RETAIL sales and that's why they're excluded.

Hey Eric,
Not sure if your familiar with Ennis,TX but I have a fixer upper out there if interested feel free to email me [email protected]. Good luck with your first property!

Sounds good! Interested in how things go, will be looking forward to the good news. Good luck!

I'm new to investing, but born and raised in Detroit. I moved to Houston last year but my family still resides in the city. As for investing I would say invest in close suburbs of Detroit such as Redford, Dearborn, inkster, Southfield and Oak Park. These areas are a little safer and don't have the same government problems as "Detroit ". Although these areas have crime, they have their own police department which is MUCH better than DPD. Also the prices are very low. Contact me if you have any other questions about Detroit, I know it VERY. Well. Good luck!

Hey Remon
I would definitely suggest your local real estate investment clubs for great networking and deals for sure!