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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 4 times.

Post: Putting a house on the MLS under contract

Account ClosedPosted
  • Graham, WA
  • Posts 4
  • Votes 0
Originally posted by @Bill Gulley:
Originally posted by @Account Closed:
Originally posted by @Adrien C.:

Why doesn't your buyer just go purchase the property themselves? What value do you bring to the investment world when you purchase a property off the MLS that the investor can already see? The value of a wholesaler is to find properties not listed that no one knows about and bringing those to the investor.

Thanks Adrien for taking the time to critisize my question instead of answering it. I clearly see your value in helping others out. Which I can see in wholesaling homes on the MLS. If I'm an investor and I get presented with a wholesale deal which is a very good deal even after the wholesale fee, why wouldn't you go after it? The value of Wholesaling is that everyone is a winner in the deal. At least that's what I think. Have a great day Adrien, and Merry Christmas.

Cesar, which guru course did you take on wholesaling, or did you figure this out yourself to wholesale off the MLS?

The comments directed your way are correct.

I see you're new on BP, unlike other real estate guru sites or REIA meetings, you'll find advice here on wholesaling that is correct, depends on who you listen to, much of it illegal and/or unethical practice, but the idea of wholesaling has been around for over a hundred years, look up "straw man" deals. But what you got here, so far is correct.

You might be the nicest and smartest guy in town, but it's obvious you don't understand real estate......yet. Go to my profile page, to the right are my blogs, read "How to develop a good BS Meter" if you are the smartest guy in town, you'll figure it out. 

If you should disagree and continue thinking you "add value" to real estate or a deal off the MLS, there must be others in town who are smarter.

And, you need thicker skin in real estate, sarcastic remarks work well, but not too well for those who are new here or who don't understand real estate, just saying......you'll end up with a label here and not get very good advice.  

As mentioned, start reading and searching, open your mind to reality and be careful who you listen to in public forums. Good luck :)

 For sure Bill, I'll take a look at your profile. And you're right, I'll make sure to have thicker skin. Have a good one

Post: Putting a house on the MLS under contract

Account ClosedPosted
  • Graham, WA
  • Posts 4
  • Votes 0
Originally posted by @Adrien C.:

Why doesn't your buyer just go purchase the property themselves? What value do you bring to the investment world when you purchase a property off the MLS that the investor can already see? The value of a wholesaler is to find properties not listed that no one knows about and bringing those to the investor.

Thanks Adrien for taking the time to critisize my question instead of answering it. I clearly see your value in helping others out. Which I can see in wholesaling homes on the MLS. If I'm an investor and I get presented with a wholesale deal which is a very good deal even after the wholesale fee, why wouldn't you go after it? The value of Wholesaling is that everyone is a winner in the deal. At least that's what I think. Have a great day Adrien, and Merry Christmas.

Post: Putting a house on the MLS under contract

Account ClosedPosted
  • Graham, WA
  • Posts 4
  • Votes 0

There is a house on the MLS that I would love to wholesale out to a potential investor. The problem is....I don't know how! The home isn't foreclosed or anything, it's owner occupied, just a normal listing. Do I contact an agent and put an offer in on the house? If the offer is accepted what happens next? Do I present my own purchase and sale agreement and put Cesar Ramos and/assigns to in the name of the buyer? And then go and present an assignment contract to my cash buyer? Or is there a completely different method to all of this?

Post: Needing a Company and Business License to Wholesale

Account ClosedPosted
  • Graham, WA
  • Posts 4
  • Votes 0

Hi everyone, one of my good friends and I have talked about doing some investing in real estate, but before we do that we decided to build up our capital and try wholesaling. My question is, whether or not we would need an actual company, like a LLC or a partnership of some sort, with an actual trade name and business license to do wholesale transactions. Or would we be able to put homes under contract under just our names? We have a cash buyer lined up already and we really want to get a home under contract ASAP.