All Forum Posts by: JD Hawkins

Thanks. Sorry I missed that from previous comments.

Stephan can you give us an example of what steps you took with the appraiser to get them to readjust the original appraisal. (

Thanks for the feedback. I appreciate it and will take your suggestions into account on my next offer.
JD

Long time RE investor but new at wholesaling. I am ready to start making offers on REO as well as Short Sales I will be using Double closings where I will do First the A-B closing with Transactional funds and will take the property in an LLC. I will them turn around and close with B-C by using my pre arranged Cash end buyer.
My question is how much disclosure should I add (explaining the double closings ETC) as addendum's in my Original Contract offer. At this point the only Contingency I have is "The deposit shall be the sole remedy in the event of buyer default" . The state of Alabama already has the 10 Business day inspection so I don't need to add it.
Would like to know what others are using as addendum's in both REO and Short Sales?

From what I have read from all of those who replied to your concern I feel it was all good advice. I was having some of the same problem especially with FSBO. I then switched to REO's and Short Sales. Their seen to be more opportunities there. I think because the lenders have come to the realization that they have got to take what they can get and move on. The FSBO has not excepted that idea yet.
Since I am a wholesaler I have not had a problem with getting the money to do a double closing but finding the investor who is ready to take the property at 70% below ARV and run with is my problem. Like the little train keep chugging it will happen!