All Forum Posts by: Chris Turner

@Jill F. Good luck in your future endeavors and thank you for contributing to my post.

@Jill F. "I will happily pay a wholesaler an assignment fee up to 10%..."  That IS a limitation.  I am glad however that you are standing by your ethics.  If you ever change your mind let me know and I will put you on my buyers list.

@Gabriel Amedee Thank you very much.  The situation that happened to you is EXACTLY what I was worried about. I will definitely heed your advice.

@Jill F. Hello! Up to 10% hugh?  Why that it mighty generous of you.  I'll tell you what, I will wholesale a property to you at a 10% markup and I will put as a contingency in the contract that you can only sell it for 10% more then what you got assigned from me.  Makes total sense right?  It is only fair that since you are limiting my profit that I should be able to limit yours right?

@David Hines Thanks for you feedback.

Thank you @Brad Schultheiss for your input I definitely do not want to have a reputation of not being able to be trusted.  I also will only disclose if I am asked.  

Thank you @Paul Rogert for your input as well.  The end amount I would tell the buyer would include my assignment fee of course.

Thank you @David Hines for sharing your opinion.  Although I do not agree with your statement entirely or your assumptions I do appreciate you sharing your thoughts.

Do you tell your buyers your assignment fee before closing?  I have friends who have been asked by potential buyers what their assignment fee will be even before they sign any contract.  I really do not feel you should have to up front.  Yes they will find out in closing or if you do a double then about a month or so later on.  Thoughts?

By reading the sticky posts above.

Hey @Rocky R.,

#1: Yes, it happens frequently.

#2: Yes and yes however you can find out for free without having to pay a title company.  Where I am located it is call the, "insert target county" county recorder.  Any lien (ex: mortgage) taken out on a property in my area is public record.  Search "_______ county lien search," if you can not find it where you are targeting.

#3: Both.  Who inherits what in someones estate will be determined by the probate process.  Any real property that is and/or required to be sold will have to go through a title company / attorney / agent, etc. 

#1 is you need to verify equity on the property.  Do the lien search and see what is owed.  I am always leery about sellers telling me that "they don't know" what is owed.  I am new to the probate process and different things vary by state but I hope this helps somewhat.  If I can help you further please feel free to message me.

Welcome @Asim Pahari. The actual home owners will be on the auditors website for whatever county they live in.  No website can tell you who is motivated.  Certain websites however can suggest who might be.  All the information you are requesting can be found on the forums here on BiggerPockets.  Anything you can not find after searching feel free to reach out.  Again, welcome.