All Forum Posts by: Janet Thaxton

Well guess who is closing their second deal just 4 days into the new year! YUP i guessed it! ME! Made $500 on my first deal and about to make $1000 on my second. Thats a good sign right??!!! The fees just keep goin up!!!!

Hey guys its been along time! I have a deal in the works and they buyer wants to pay $4k down, which is the sellers portion, and pay $750/month until paid in full. I am familiar with the seller side of the deal but unless i get a loan how can i be sure the buyer will pay me all the money?

Good evening guys! I am working on my second wholesale deal and need some advice. It may seem simple but.... The buyer has a conventional loan. How would that closing work? Is there anything I need to know or do? Thanks!!

So i closed my first deal. I was originally going to use one title company but the service sucked and the person I was dealing with left. So I used a different title company who did a marvelous job, to close the deal. I had given the first title company an EMD of $500. I know I know I should never do that with such a large amount but I was excited to close my first deal. Lesson learned! Now they want the seller to send a fax stating that they have no interest in the money and the closing did in fact take place. Is this right for him to do or should I write the attorney general's office?

Thanks everybody!

It was a wholesale deal.

As a beginner i started my yellow letters in the "hood" of hoods. Lol and I only chose that area because i saw a business owner and contractor on the news saying that Baltimore needs revitalization (did you catch my sales pitch) lolllll. I get sooooo many calls from my yellow letters, i currently have 5 more deals under contract. Mind you I started in January of his year. This may be TMI, but i actually meant my mentor on match.com and he turned me down for a date but asked me if i was interested in real estate. Go figure. But that turned out to be a blessing in disguise. Lolllll Anywho, it took a long long long time to find a buyer. Persistence is the key!! It's easy to get a seller finding buyers and convincing them to buy and determining who the real cash buyers are is the hardest part. Ut was a small reward but mire than what i started out with. It was a good first cut and dry kind of sort of first deal. I learned a lot. The only issue was the EMD. The buyer must do things differently where he is from. But he came around. The Meet-up meetings are a huge help for networking. And of course BP assisted me with questions that i had to double check on. As my relationship with my mentor is over expect to hear from me more often. Thanks sooooo much! I am on my way! This business involves trust dedication and patience! Watch out cause now i feel like SUPER WOMAN!!! Lolllll

I just closed my first deal!!!! On W North Ave in Baltimore!!! I feel invincible now!

Hi, i am about to put a house under contract and the owner is deceased. His mother wants to sell the property because she has moved to North Carolina and is liquidating his things. I have written the contract in his name, but how should she sign it? Should it be in his name c/o his mother?

Should a mentor seek financial gain from mentoring? I know time is money but...