All Forum Posts by: Dustin P.

I would get it fixed up/rented and you can try and go after her for anything not covered by the deposit/rent but I have a feeling you'll be rented quick enough to not suffer any vacancy losses that aren't covered by the rent/deposit.

The reason is definitely BS IMO but at this point she is already out

@Account Closed Significant other

@Account Closed If you have a wife/girlfriend she can get her license and take the listing for people not looking to sell at wholesale prices, that way you can still monetize the lead. Or yes anyone else who is part of your team. The only thing is they really wouldn't be able to pay you anything directly without you having your license, but they could pay your SO, etc.

My girlfriend and I both are agents. If a seller isn't looking to sell at a wholesale / cash price, is not as motivated to sell, is not distressed, etc. I can advise that she can take the listing at a discounted rate (Maybe 5% instead of 6%)

@John Bowler what is your transaction fee? If it's something low then it doesn't seem too terrible. All the forms, agency disclosure, etc. are not a huge deal.

I did a deal with another agent once where he was buying a wholesale property from us and he bumped up the sales price in order to pay himself a commission on the deal. It was something similar, his broker required it to go through the brokerage.

Have one of your team or one of your team's significant other get their license and keep that commission in house

If you are buying unrepresented I think you're ok but anything involved commissions would need to go through your brokerage

I would rather spend that money on lead generation and start reading and learning all the information out there for free. Network with other investors, agents, contractors, and search for your first deal

Do a flip after you find a deal that meets your criteria. IMO you will learn a lot more from taking a property full circle than you will from a coach/mentor/guru. If you break even, it's a free education. If you make money, icing on the cake!

Even if you lose money you'll learn more than if you were to spend the $3600 anyway

Remember - Everyone always has something to sell

Yes, it's going to be the most accurate, assuming it's a good realtor

 I think this is the best way I've seen wholesaling described yet!

Depends on the size of the house but that doesn't sound unreasonable. I've seen them from $3500 to $10,000, more than that if it's a retail roofer that isn't giving an investor discount