All Forum Posts by: Jason F

What do you think of the Greenville market? What area of real estate investing are you looking to get into first?

Welcome to the site, there's a lot of people to network with here.

good point.

Great Reference! "Coffee is for closers"

Yeah, I think you may have missed my point a little.

I'm not saying they should 'look' on the MLS for good deals. I'm saying why don't they use their marketing techniques (bandit signs, mailers, birddogs, etc) and then when approaching the home owner, tell them they are a realtor and that they have investors that only by from them. Then, once the property is listed, they email the listing to the investors and sell the property that way.

I guess some seller's might just want the property SOLD rather than LISTED, so that might be a reason.

Yeah, 1 or 2% isn't a lot, but its the same as $1,000 or $2,000 on a $100k deal. And you dont' have to worry about if there's "room in it for the wholesaler".

Double closings are just that. You are closing on the property with the seller (using a standard PA) and closing again, once you own it, with the buyer (using a standard PA). I don't think there are any specific double closing documents.

I don't know about this theory. If a deal is a good deal, why wouldn't I take it and do it myself instead of just selling the contract for more? I guess everyone has a different investment outlook. If it's a homerun pitch though, I'm not going to bunt.

I think the value in a HML would be to set up your end buyers that may not have all cash with a funding source for at least a portion of it. I'm sure there are newbie investors that would love a chance at a good property, have some cash, but don't have a lender or a deal. The more of the deal you can provide, the more you can sell it for. I would line them up with a contractor if it meant a little more cash.

I agree with Primo, but you are going to have 80% of people that call you and ask "why are you desperate?". I'm not sure if they are just bored, or if they are sadistic or if they just got their first cell phone, but you will get a lot of people that ask you that before they ask you about the house.

The problem is, you have to have a reason that your sign says, "I'm desperate". If they ask you and you just say, "I'm not, I make a lot of money in RE, just needed something to make you call", they are most likely going to hang up.

i found that most people at REI club meetings or the WE BUY HOUSES guys are usually wholesalers also.

put up some bandit signs.

you can assign any contract as long as it states it is 'assignable'.

go to your title company, they will give you a free contract to use.

why don't you put your investor in touch with your HML and see if he gets approved? you help him get the same financing you would have utilized or he can still get his own.

then, like cummins said, you are just assigning the contract, no closing.