All Forum Posts by: Jarvis Smith

wholesaling a property means you are passing the property off to other investors. You are the middle man. That investor could be a buy and hold investor or a Fix and flip/developer investor. As long as there is spread in the deal which makes sense to the investor it can be done. Normally yes it would be a property that needs rehab

bump!

I've purchased properties from wholesalers that use realtors to put in offers to mls properties. It's a similar concept. Just put offers in and if accepted market to your buyers list. Your competition will be greater since you are competing directly with other investors and agents and buyers

I had a short sale under contract once but after 6 months of waiting and still not able to close I just cancelled and moved onto something else. If you do short sales expect a long wait

Hello I am seeking private or hard money for a deal under contract in the Seattle area. 4 bed 2 bath 1 car attached garage, 1500 sq.ft. I have it under contract for 200k rehab about 56k with ARV at 330k. plenty of spread in a hot Seattle suburb of King county. I am seeking 100% if possible. I am open to equity partnerships as well. I have a realtor CMA and my scope of work available upon request.

Thanks!

I did a flip in south Seattle with an oil tank. The furnace was pretty new probably less then 5 years old and the oil tank was above ground. It worked great and had no issues with showings or any complaints about it.

the MLS in our area is very watered down I don't even mess with it to be honest. Try to connect with wholesalers for off market properties or start doing your own marketing for off market

I am seeking private or hard money lender to fund a deal I have under contract in a hot south Seattle area. I am seeking 100% purchase and 100% rehab funding. I know its not ideal for most lenders but I do have experience under my belt and there is great spread on this deal. Just cant afford down payment at this time. purchase price 255k rehab 50k ARV 420k solid comps all sold in under a week. seeking around 305-310k total which is under 75% ARV. I do have funds to keep up with payments and get rehab started.

let me know if anyone can help me out with this. 

Thanks!

@Jose Falconett it was under the "final borrowers statement" from the title company. and under the miscellaneous charges section labled "assignment fee"

as a buyer that has bought from wholesalers it does show the assignment fee in the closing paperwork. I am not sure what it shows for the seller but I would assume it would show it as well