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All Forum Posts by: Elon C.

Elon C. has started 6 posts and replied 11 times.

Post: First assignment contract. Need guidance

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Good morning to everyone at bigger pockets. I want to get going and make my first assignment contract, but I'm working with an real estate agent. How do I protect myself from getting screwed by not receiving my fee? And what are the steps I have to take to get it done? Do the agent sign as the owner or do I need the actual owner?

Also spoke to a title company earlier today and he said wholesaling real estate, and assignment contracts in Nj is illegal.

Post: First assignment and it's with an agent.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Hi to everyone on bigger pockets. I'm a wholesaler working with an agent and I want to know how to go about my assignment. Do I have the agent sign as the seller or do I need the actual owner?

Post: Finding Good Hard Money lenders

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

I'm having a hard time fing Hard money lenders that make long term deals. Does anyone know of any?

Post: Dealing with an agent as a wholesaler.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Thanks @ToddDouglas, sorry for responding so late but yeah that would be great.

Post: First property visit.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Much appreciated @MarkGallagher, I will definitely ask those questions.

Post: First property visit.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

I'm a wholesaler going on my first property visit tomorrow, and I wanted to ask everyone from bigger pockets, what are some good questions I should ask and strategies I should use, what to do or what not to do. This property is for sale by owner.

Post: Dealing with an agent as a wholesaler.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Thanks @Nick Colamarino and @Jesse Andrews, I appreciate your honesty. So how would I find unlisted homes?

Post: Dealing with an agent as a wholesaler.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Thanks @BrentCoombs for responding, and to answer your questions, I am currently working on my buyers list and the est. value is 297,000, with 68,000 improvement. So I used the 70%(since the buyer was probably going to do it) and came up with 126,600. Correct me if I'm doing this wrong, but she did not like the offer.

Post: Dealing with an agent as a wholesaler.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Does anyone have any advice on how to work with a real estate agent? I'm finding it difficult to make an offer that profits me and pleases the agent. 

Post: Need help starting a deal with an agent.

Elon C.Posted
  • Woodbridge, NJ
  • Posts 11
  • Votes 0

Hey Christina, I was looking at a couple of pre foreclosure homes that had agents. I wanted to right a contract with the agent saying that either I or another buyer would purchase the house within a certain time. I'm not sure how to say that professionaly, and should I have a protential buyer before making the deal? Also how would I go about finding a buyer?