All Forum Posts by: Chad V.

Just wondering if anyone had any referrals for affordable general liability insurance? I'm going to be getting my general conractors license to build spec homes in Wisconsin and will need liability insurance. The problem is its small business/commercial and you pay through the nose. Any insight will be greatly appreciated.

Thanks,
Chad

I have a few ?'s in regards to wholesaling in a smaller market (green bay, wi). I am new to wholesaling and I am looking for advise with this process. I am in a smaller market so finding direct seller distressed properties is a little harder to come by. Plus I am a Licensed agent so the broker would want their cut even though its fsbo. I was thinking about going the reo route but in a previous post it was brought to my attention that this is a difficult process with many roadblocks. My theory was to establish relationships with reo agent and hopefully work out a deal with them before they put it live on the mls. I m dealing with local banks, so seasoning wouldn't be an issue but I'm not sure if they will do flash cash or if I will need transactional funds for this process. If anyone has any experience with this or has a better way of wholesaling (while being a licensed agent) please let me know.

Thanks for the replies,
Chad

What if I were able to find these properties before they went live on mls? Or maybe I targeted owner occupants who will not have the hassle of a full rehab, just some paint and light cosmetic work and have instant equity? Just some thoughts. I am in a smaller market here in Wisconsin (green bay), so its a little harder to come by the distressed property inventory. Another obstacle of wholesaling direct sellers is that I am a licensed agent and every deal I do the broker is going to want their cut, including fsbo. Any thoughts or better paths to venture? Its killing me being at a standstill while I wait for my flip to sell so I can start another. Thanks for the replies.

Looking to wholesale REO properties while I wait for my rehabs to sell. I know there are websites out there that will issue prequal letters in a matter of minutes but what happens if I can't find an end buyer in my 45 days. Does my exit letter (unable to get financing) have to come from the same place or are there websites that will issue these also. I am lined up with a local investor friendly bank but I am trying to exercise other options as well. I am new to wholesaling and any advise would be greatly appreciated.

Thanks,
Chad