All Forum Posts by: Jason Shaffer

thanks so much for the tip!

Hi,

Does anyone know if there are any "in class" real estate license courses in CA? All I've seen are online courses.

Thanks for the help.

gotcha...thanks for your reply...I love that you said snake oil...(in Los Angeles) we don't hear that term...like ever! But I think I get it!

PS Did you have any direct experience with the "Guru's" in question and if so do you care to share any of your experiences?

Thanks

Freedomsoft.com 

Cleaver Investor

Friend or Foe?

Has anyone heard of either and are they ligit?

Freedomsoft.com  Anyone know about this? Sham or Ligit?

Thanks

Hi BPers,

Here's two situations...what are some options

Situation A:

I have a "lead" who has a 100k cash for an EMD to buy a 500|+k house now! Banks wont touch her, for the balance...she called the realtor and all he wants is to go by the books...she's a very motivated BUYER...I suggested Homeowner finance for her... I also said I would help her find PM to finance the rest (and maybe she can even put down less then 100k!...is there anyway I can profit from putting a PM and her together (perhaps a finders fee)?

Situation B:

KInda of similar...I have friend who is a (newbie agent) she came across a Motivated seller who is currently renting their house. The renters want to buy the house. The renters are her new clients...again banks wont touch these renters...Again I suggested Homeowners Carry, perhaps PM, and lease option for the renters....am I on the right track her for her?  And as an investor is there anything I can do in this situation other than buying the prop out right and re-leasing it to the current tenants? PS apparently this house needs some renovating on the roof...waiting for some renovation #s from my friend.

Thanks...

J

Hi,

My name is Jason and literally this is my 1st post! Yay!

I'm a newbie here in the world of REI and am very excited for the new adventure!

Recently, I have been researching Wholesaling and I am unclear about some of the steps. 

So here are my questions: 

- Once I place a property under contract, does that contract pull the property off the market preventing the seller from selling it before I get a new buyer?

Piggy back question to my 1st:

-Does my 100-1000 non-refundable deposit insure the property is mine in its entirety for the duration of the contract (until I asign it over to my new buyer)?

-During the contract period, will I have to come up with another deposit on the house? Or Essentially is my seller simply granting me the equitable rts to the prop for 100 or 1000 dollar deposit...(and agreeing that I can back out of the purchase at end of contract if I don't have full purchase price/or new buyer)?

Hope that's clear...looking forward to being schooled!

To Success on all levels,

JS