All Forum Posts by: Dave McEvoy

Yes it's true it has been confirmed by several high level sources that I won't divulge. If you're doing deals the way he teaches.... Change your ways now. The Feds are looking into him too.

@Shaun Sanville Pace Morby is turning into the biggest guru out there

There are better and much ch aper ways of learning sub 2 and seller financing. Check out the different FB groups about Sub 2.

@Trevor Davis multifamily to start with. Possibly buying some performing notes. Read Rich Dad Poor Dad. It describes starting small buying multifamily property then selling after a few years, doing a 1031 exchange to buy a larger one...and repeat the cycle. Assuming Biden doesn't kill the 1031 exchange of course.

I disagree whole heartedly. Mentors are invaluable, at least the good ones. What I agree with is to not pay for mentors who teach wholesaling only. Learn how to really invest with all strategies. Most of the "gurus" teach wholesaling illegally anyway.

Yes it is the seller's typically, but he is out of money to do so now. I don't want to front the money to do so, just looking to see if there were a way to structure a contract to put the burden on the end buyer.

I was going to buy and sell using an option contract, exercise my option when I find a buyer and do a double close. I would sell Fsbo

Something with the flooring, but he said the building inspector told him to just get an electrician and engineer to sign off to get the CO. I of course will confirm this, I'm working on getting comps now but seems pretty accurate. I was thinking sub 2 for $160k (mortgage balance) , create a note for $40k for when I resell maybe w owner financing. just trying to come up with a way to do this, make $40k or so, without having to front the money for the CO.

no it's kind of a long story he ran out of money and needs about three to four thousand to get the CO and I was trying to find a way to do it without having to front the money myself so I can sell to a retail buyer

I have a motivated seller willing to sell for $200k renovated, he ran out of money to get CO. Could retail for $249k. I was looking to wholetail it. CO is about $3-4k. Is there anyway to buy this property without having to front the funds for the CO? He wants cash but I did mention owner financing or buying sub 2, but he seems intent on cash.

I have a deal in place for a wholesale/wholetail deal. I don't want to assign it due to what I likely will get as my fee, and am worried about not finding a buyer in time to double close. What is the best way to fund this deal? A HML? I'm trying to avoid using any of my funds other than the EMD if at all possible. Thanks for any advice.