All Forum Posts by: Cusmore Simon

@Jason DiClemente Sounds easy enough. Thank you again !

@Jason DiClemente That makes sense. Buying a property is the same process with wholesaling as it would be with anything else so that should work. Where can I get a letter of intent for purchasing a property? Is this something I should get from a lawyer? I appreciate you response even though you don’t wholesale. It is very helpful, I didn’t even think of that.

Hi everyone on BP. I’m still quite new here and to Real Estate wholesaling. I'm currently wholesaling in new haven county in CT. I’ve been meeting with prospects lately and haven’t been able to get anything under contract. So of course I go back to the drawing boards and listen to podcast and do some research to see where I need to make changes. One thing I came across is making an offer at the initial meeting or even first contact over the phone. I may be over thinking a bit, but how do you go about making an offer and not lock yourself in at the price you just threw together from your initial viewing of the property? Are you making an offer with the contract but allowing the owner a day or two to decide to accept or not so you can do further due diligence? Or is there another way to offer that still leaves negotiation on the table? Or are you just offering what you estimate to be the MAO but make sure you have escape clauses in the contract so that you can still exit when needed? Anything would be helpful. Thanks!

HI @Roland Paicely I was very surprised my self. I assumed this would be information that is normally shared. Thank you btw for sharing how you have found your attorneys. I would much rather use someone personally recommended by a fellow investor so I know they’re well versed in what I will need. Looks like I will be consulting google. Lol. Thanks again.

I’ve spoken with a few local investors about how they Obtained their lawyers. Of course no one shares who their lawyer is but at least they’re willing share how they found them. I wanted to ask everyone on BP how they found their lawyers? What questions did you ask to vet your lawyer? In other words how did you go about making sure they were the person you wanted to do all of you business with and represent you and your business legally?

Hi everyone. I’m a newbie to REI. I’ve read several books on REI and wholesaling. I’m very ready to start up a business and get things going. I have big plan!! From everything I’ve read I understand everything from assignments to double closing, how to use clauses, how to market, how to network for buyers, how to attract sellers and how to analyze properties. I’ve even been to a few REI meetings where I was able to pick up info about finding a lawyer. My only unanswered questions revolve around what’s legal and what’s not legal in CT. I’ve heard in other states you have to completely own the property or be licensed to market it. I’ve also heard some states do not allow assignments. Can someone who does wholesale deals in CT be able to give me some legal guidance and knowledge on how I will have to structure my deals? Thanks in advance.