All Forum Posts by: Jesse Ramirez

You can do a quick people search for other wholesalers in your area.

If that doesn't pan out I suggest you start hitting the streets(or phones) and start talking to title agents in that area. Be frank with them and let them know what you're doing. You'll be sure to find a few willing to close your deals.

Whenever a day and time is set please let me know as well. Sometimes you just need someone to hold you accountable to make things happen.

Steven brings up a lot of good points.

I'd also like to add, that although many agents do ask for earnest money or proof of funds, in no way shape or form are these things absolutely required. Even if you run into an agent who is a stickler about either one there are ways around it. They are also required by law to present all offers unless the seller specifically asks them not to present an offer that doesn't meet certain criteria beforehand. An example of one is banks. Most banks do require proof of funds to make an offer on their reos.

You're going to need a hard money broker to help you out with this.

If I were you I'd get in contact with one soon that way you can advertise your property with an idea of how much they'll need to put down and a go to person to take their app to.

I think Matt is right on point with his response.

You can go the hard money route as well if your credit or income/debt ratio is to high, but most hard money lenders are not big on lending to owner/occupants with a spread like this. Plus your interest rate will be well above the typical conventional or government-based loan rate.

It doesn't seem unusual to me at all. We've been paying for these things(typically thru our closing costs) for the past year or two.

J Scott hit the nail right on the head.
Enough said.

ooops!

How do you contact the landlord by phone? I went to the site and it only allows to you to send them an inquiry, but doesn't show the landlord's contact information.

There great if you pick them up at the right price. Just like anything else I guess. I suggest you read up on this forum on the 50% and 2% rule. It's not enough to buy a property that will rent for just enough to cover your mortgage payment. Brand new or not, there are expenses that most newbies don't account for.