All Forum Posts by: Clay Turner

I'm looking for a law office that I can use for double closings and assignments. Thanks for any help.

I have the cash to buy the property so I could do a double closing. I like Bill's idea but folks around here think you're doing something shady when you try and get creative to help them out.

I've got a property under contract and had my buyers financing fall through due to it being an assignment contract. My past deals have been on properties that I actually owned so financing was not a problem. I have another buyer ready to sign but they need bank financing. I don't have a big list of cash buyers. My question is do banks offer financing on wholesale deals? Would a double closing solve this issue? Thanks for any help.

Hello everyone. I'm new here. I have sold 4 properties through buying, holding until a buyer was found, then selling.  It worked pretty well but I wanted to try wholesaling.  I currently have a property under contract to buy/assign and am trying to find a buyer. It's vacant land. I'm selling for less than half of tax assessment in a pretty nice area. If sold at my asking price I'll make around $5k profit. My question is how do I handle the number one question.....Does it perk? As a wholesaler, am I supposed to perk test it myself (I was trying to pay little to nothing out of pocket on these deals), or do I include a clause in my contract with the seller that allows the buyer to conduct soil test and the deal is contingent upon results. Any help is greatly appreciated. Thanks!!

Hello everyone.  I'm new here.  I have sold 4 properties by the buy, hold until buyer found then sell method.  Worked pretty good.  So I wanted to try the whole sale method.  I currently have a property under contract and am trying to find a buyer.  It's vacant land.  I'm selling for less than half of tax assessment in a pretty nice area.  If sold at my asking price I'll make around $5k profit.  My question is how do I handle the number one question.....Does it perk?  As a wholesaler, am I supposed to perk test it myself, or do I include a clause in my contract that allows the buyer to conduct soil test and the deal is contingent upon results.   My current contract with seller does not list soil testing so I guess I would need to have seller sign a new contract?  Any help is greatly appreciated.  Thanks!!