All Forum Posts by: Daniel Shaw

thank you very much again for helping out. I would love to learn everything I can to be successful and help owners without causing them problems.

Thank you for such quick responses.

So if  the contract states "subject too existing finance" then is my paperwork and steps correct?  I understand my numbers on this property does not work but for future reference. 

I am still new, let's call it studying for 8 months and waiting on my first lead to convert.

My question, most of my leads I get are by owners that don't have the equity or not desperate enough to accept 70%-repairs-fee, but are still interested in selling below market value.

Can someone explain the steps to wholetail? I am sure I understand it but just need to be confident.

My understanding is get a home under contract (purchase/sales) which is assignable and states that I (buyer) have right to market the property to the public including the MLS, with a 30 day closing period.

I put contract in escrow with say $300 earnest deposit, now with having an interest in the property I can have my realtor list this property for a price that is still below ARV. This can be done without being on the deal or transferring purchase funds (which I don't have)?

Would I be doing assignment of contract to the end buyer or a separate P/S agreement?

Can some explain the steps please?

I have a house under contract in Desert Hot Springs 3/2 for 140k ARV is 190-195k, as-is about 17tk, it's a rental property so just cosmetics needed.

I know @michaelquarles is brilliant maybe he will land on this.

I am not sure who these deals are structured. Would I offer a cash offer with monthly payments, which would be a lease option, would I put in the contract a certain amount of time until I (investor) take complete control of the property? Can I wholesale this deal? Where Would I find contract examples, may help me understand how the numbers work and be comfortable presenting this option. 

I hear alot of talk about marketing to landlords, where the landlord still receives the rent without dealing with landlord issues. I understand slightly raising the rent and keep the difference, but there must be more to it, what is the profitable exit strategy? The extra $100+- a month doesnt seem worth the hassle. How do these deals work? Whats the strategy and best way to approach a tired landlord? Can it be turned into a profiable Wholesale deal?

I have been reading about different types of strategies, contacting landlords, asking if they would like to countinue to receive the rent without dealing with the tenant ad maitnence issues. I understand the process of renting it out for a little more and keeping the differnce. Can these deals be wholesaled? What kind of exit strategies are in these types of deals? Can this be done with no money? An extra $100 a month doesnt sound like a good deal to me. there must be more to this. 

I am new to real estate investing, struggling to make a name for myself in this fast paced, crowded industry.