All Forum Posts by: Account Closed

What are some great ways to find people who want to sale there house? For wholesale deals

When you doing a wholesale deal with a seller where do you have a purchase and sell document. Where do you get those documents made I'm assuming real estate attornys or do you go to a particular company and get it made

@Geordy Rostad when using assignment contracts you don't have to pay for the house so that's why I don't get it because the wholesaler isn't buying the house or paying for anything except (marketing) to find a buyer unless your talking about when wholesalers choose to buy the house which I am not

Okay so I read that wholesalers at times use the help of real estate agents to find houses I just read this on the internet and I am trying to find ways to find deals (and still figuring it all out) and I would like to know how that goes like do I just call one or something

@Geordy Rostad so just a example I have here say that

Jim (the wholesaler) did his homework and knew that the ARV of this property would be around $110,000. He knew that Tom always planned to make $20,000 as a profit on any flip.

He also knew that the fixed costs on a flip would be about $15,000 (including the holding costs, the Realtor fees when Tom sold it, and the closing costs at the beginning and end). Next, Jim knew the home needed about $30,000 of labor and material to fix up.

Finally, Jim knew he wanted to make $5,000 on the deal.

Therefore:

so forty thousand dollars is the maximum amount of money a wholesaler should get paid doing that deal?

Can anyone tell me how much money can you get using assignment contract like is there a maximum amount or is that solely dependent on the when you neogiate the deal

How would like to know how do I get a contract assignment for a house

@Edgar U. I want a single family home so can find a house for sell and then a buyer and use assignment contracts and assign the contract to the buyer so I can make a profit but I don't know how to go about that and do I have to become a real estate agent to use the MLS or just find a real estate agent or is that not allowed I'm just lost looking for information on the internet

I would like to know how do I go about using the MLS to get deal deal im sorry if this is a stupid question I am new to his and nervous

How do you determine what amount of money you get for assigning a contract on a house when your making a deal I am trying to be a wholesaler and I want to be a decent honest one and not cheat people out of there money but I also want to get maximum profit for a sale I do but I don't know how to go about that