All Forum Posts by: Chris Boyd

@Kevin Phu without teaching options, I will remind you of this. Real Estate is a agreement between two parties. Seller financing is great because in the right circumstance, it gives you leverage to move a property and make money when margins are small. If I was selling you a bottle of water for $5, but you couldn't afford it, and you were thirsty, you would find a way. So I can afford 3.50. You ask if I'll seller finance the remaining 1.50 over a period of time. Now to make a profit, I'll look to sell that bottle for $6 (sub lease) with $4 up front and finance the remaining $2. With property, if the leasee cannot make good on getting financing within a certain period, the property reverts back to the owner, and you can enter another agreement with someone else if you choose. Not sure if the water was a good example, but I want you to understand the thought process more than anything. Hope that helps. Have a good weekend!

@Allen Felker I see you were able to get some of the haters to come out, lol! Your points are valid. From this thread, I can see you are a honest man, and a smart business man. Thank you for speaking up, and do not worry (at all) about that particular gentleman that thinks he knows everything. I see him all over BP bashing wholesalers...he obviously has too much time on his hands..cheers!

@Allen Felker Great Post! I am tired of the wholesaler haters as well. It's basically the same four or five guys that think they are better than the rest. Keep that big ego to yourself, no one really cares. Treat people the way they treat you. Some of us are professionals, and teach the realtors  attorneys and investors a thing or two from time to time. I applaud you for breaking it down for those that may be getting started. My advise: be transparent with the seller. Have a great day wholesalers!

Make him the offer contingent to inspection, and then renegotiate. If he still doesn't come down, ask if he is willing to seller finance at least some of it. If it's a desirable location, after repairs, you may have a deal. Most walk because they cannot see the opportunity. Good luck!

Let us know what you are looking for! We are here to help!

We use a one page purchase contract, and a one page assignment contract in SC with NO issues. Finding a attorney that is willing to move fast is another issue. I recommend you keep talking to them until you find one that will close fast. We havent had any issues with HUD, but we are Wholesalers. Hope that helps you.

@Account Closed that is a great strategy, when most people would walk away, you are making deals. Would you mind giving a recent example of how you used this strategy, and how you benefited? Thanks!

Both!

Podio.com

You can JV with as many as you like. Just be cautious, not all partners are really your friend..