All Forum Posts by: Joseph Grullon

@David Avery it’s a 1935 home, so there’s a good mix of standard and not so standard LOL

Hey BP,

I'm the middle of a full remodel/flip in S. Florida. I need to replace 12 windows, looking for the best and most economical windows to use. Working with pretty tight margins, therefore any recommendations would greatly be appreciated.

Thanks,

Joe

I appreciate everyone’s responses and helpful insights. I feel terrible that after so long waiting to get started I seem to have made a terrible judgement call. I put too much trust in the wholesaler apparently. I will reach out to him to see if it’s possible to get the refund back, otherwise I may have to make the decision to walk away. Thanks again for all your help and I will take all of your recommendations. 

@Joe Homs Joe, Thank you so much for your reply.!After several years of paralysis analysis, I can say I got a little ahead of myself and maybe tried to be too aggressive. Unfortunately I thought that with the numbers as they were it was a risk worth taking. As far as the assignment contract, within there the wholesaler did put his fee which is  $40,000 on a $215k property. 

The deposit was made through his title company. But there is nothing in the contract that says I would be able to get my deposit back. In fact he put nonrefundable, which I questioned him about at the time, and he said don’t worry about it if we need to cancel for it a reason that we can agree on, we will. So let’s see what happens, he wants to speak with the evection attorney and me on Monday to see if how the process would go. But I’m really starting to get a bad taste about this whole thing. Since I feel like the wholesaler could have been a bit more transparent.

Hey everyone, I am a newbie taking my first step into flipping. I found a property here on bigger pockets from a wholesaler. After researching the property address and calculating the numbers, I placed an offer sight unseen. The wholesaler sent me very good pictures of the property, but said it was currently occupied by a tenant, therefore we had no access to the property at this time.

The wholesaler sent me an assignment contract for the agreed-upon amount, and asked for a $3000 deposit. I signed the contract and have already wired him the deposit.

My question is, when I went to sign the assignment contract, I asked if I could see a copy of his purchase contract with the seller. Being that this is my first deal, there are things that I have yet to learn. He told me that typically he has no obligation to show me the purchase contract since this is an as-is assignment. The problem is that now the tenants are going to need to be evicted, as they are refusing to leave the property. We are set to close proximately three weeks from now, and the seller is not making himself responsible for the evection. therefore I would have to cover the eviction myself. The wholesaler said he would split the eviction cost with me.

I asked the wholesale again if I could see a copy of the contract and he said he doesn’t have to show it to me, that this is just a simple as-is assignment. Is that accurate?

Please and thank you so much for your help!

Danny,

Thank you for the clarification. It seems like it comes down to leadpropller and carrot, as they both offer a great service and as far as transferability it is the same between the two. Thanks again!

If I’m not mistaken, with carrot you’re able to keep your site if you decide to go elsewhere. Because I had previously compared them with LeadPropeller and they certainly would not let you transfer your site. 

This is the link he provided for more info:

https://get.biggerpockets.com/getproleads/

I know there may be bias in the response. But, I figured i'd ask anyways. So a couple days ago I signed up for my first leadgen website creator on carrot.com, but I recently watched the biggerpockets webinar about Biggerpockets proleads, How would you say the 2 compare? I love everything about bigger pockets so i'm sure its a great product. But it's also a greater investment, and I like that carrot.com is fully dedicated to be a leadgen website creator. Please let me know what you think. Just looking for ways to source off-market deals in my area, Miami.

Good afternoon everyone,

I am a first-time investor and seeking to get started flipping homes in South Florida. If you are a realtor or have listings I would love discuss business opportunities. I am also interested in speaking with other investors in the area as well as anyone who provides services that would assist in this new endeavor. 

Pleasure meeting you all and a big thanks in advance.

Joe