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All Forum Posts by: Account Closed

Account Closed has started 16 posts and replied 401 times.

Post: Wholesale purchase agreement

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Why is the seller sending a purchase agreement? Use your own.

Post: Help on Brooklyn Three Family in Barclays Area

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172

if it cash flows why not? After you ready to move just keep it as a rental. 

Post: No job $1k in savings RE License or market for wholesaling deals?

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Get a job dude. Home Depot is hiring.

Post: Books for wholesale

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
The wholesaling bible by Than Merrill.

Post: Should I, or should I not?

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Read Dave Ramsey books.

Post: ~~Important Question For Seasoned Wholesalers~~

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
I'm not a seasoned wholesaler but it seems pretty obvious that you need to do more due diligence on the properties that you are targeting. Put yourself in the end buyers shoes. Would you have wanted to buy there as an investment or flip? You need to target properties that are in high demand, basically properties that investors would be drooling and jumping for. You should be know about the area as much or more than the end buyer. If you had known that the property was at a high risk area of flooding you probably wouldn't have got it under contract right?

Post: How do i get the correct costs for a wholesale deal?

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Get some bids or tell the buyer inspect it himself.

Post: which wholesale contracts to use in this situation?

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Purchase and sale contract with assignable clause then and then a assignment contract with end buyer. You not paying a dime would have to be negotiable with seller and earnest money.

Post: $32,000 Quick Profit!

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Nice work.

Post: Buying from a wholesaler without lawyer

Account ClosedPosted
  • New York City, NY
  • Posts 420
  • Votes 172
Go check out the property. Go with an inspector or GC if they say rehab is decent amount as you expect read carefully and sign the contract. Seems like a good deal! Check it out.