All Forum Posts by: Account Closed

Hey Mark,

Welcome to BP. You're going to find a wealth of information on this site and a lot of very valuable contacts as well. I recommend listenting to the podcasts, setting up some keyword alerts, and keeping an eye out for the Central Florida BP Meetups. @Ceasar Blackman organized a good one a few weeks back.

Just curious, what area of town is your rental in? I live and work in the Lake Nona area. Welcome!!!

My advice is to be on the look out for the Càentral Florida BP meet up. We've had one thus far organized by @Ceasar Blackman.

It was a smashing success and we are planning on having more.

Welcome to the BP community @Kristi Stafne !

I'm here and I got our table. Its Immediately to your left when you walk in. I'm wearing a dark green polo shirt and khakis. They must know youre important Ceasar, we got a great table.

That sounds good.

As long as you forfeit the deposit; you've basically paid to break the deal. Thanks @Wayne Brooks . Can I ask a follow up question?

Are you more comfortable using the FARBAR "as is" and checking the assignment box, or are you more comfortable drafting your own agreement ?

Thanks-a-million Wayne. ;-)

Hey Everyone,

My understanding of the wholesaling game is you get the property under contract and then assign your rights to that contract to another buyer for a higher price, and the money is made off the spread.

My question is, what happens if you don't find that second buyer to assign the contract too? Have you now actually bought this house? Anyone been sued for specific performance under these assignment contracts?

Wholesaling sounds like a great deal to me, but I my knees knock nervously when I even consider I could be dragged into court to defend against a complaint for specific performance to buy the house, much less actually lose and have to buy the thing....

Anyone care to share experience? Am I missing something? How do you live with the exposed liability?

Richie Cormier
Cormier Insurance Group Inc Dba GlobalGreen Insurance Agency
(863) 382-6868

[email protected]

I have known Richie for about 15 years. He owns his company. You can check out his excellent comment on my article about flood insurance here:

http://orlandohousesellers.com/flood-insurance-changes-how-it-could-affect-you/

If you give him a call tell him Greg sent ya!

Looks like more than 95% filled to me Ceasar. I'd say its 110% filled.

i asked a GC friend of mine. His first question was how big is the pool?

He said probably five grand tops without knowing any specifics of your particular pool. Take that for what its worth Cesar.

Welcome @Leo Koo . Come out to the event March 8th and meet everyone!

Hurray! I can make this one. I'm officially RSVPing. @Ceasar Blackman