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All Forum Posts by: Account Closed

Account Closed has started 18 posts and replied 78 times.

Post: What would be the motivation/

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

Hi, So when making "lists" it is standard to look for absentee owners with 30-100% equity in the home.  What would be the motivation for someone to sell at a low price if they have 100% equity?  A family member death and the house is a wreck?  Any other scenarios?  Thanks a bunch!

Post: car signs

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

Bump

Post: Just quit my job and started to drive for dollars

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

So, I want an update..Hows it going?  I hope to one day take the plunge!

Post: Advice on hard money loan for property

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

May I ask why it is only selling for 69k if it is in good condition and sold for more years ago?

Post: Co-Wholesaling Roles when you are a New Investor

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

Hi My new BP Family.  Loving this site.  Question:

I am a newbie ( a highly motivated, so excited, cant sleep, ready to work newbie). I went driving for dollars and found 5 potential amazing property leads.  I have all the stats, figures and contact info for owners.

Now, I have given this information to a more experienced investor in my area.

If any leads are good and I want to co-wholesale what should I expect from here.

Do I let the more experienced investor call the owners?  Do I work the deal or do they?  Does the deal close in my name or theirs?  I guess I am wondering how most of these partnerships work for a fresh beginner.  

Thanks for reading the jumbled string of questions LOL.

Post: JV vs Co Wholesaling

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

Anybody LOL?

Post: 3 closings this week, including a 21K Wholesale fee.

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

I totally feel what you're saying lol.I feel like a crazy woman can't sleep at night can't sleep past 6 in the morning  and running to the computer to get started with my day. I went driving for dollars and have several properties that I'm so thrilled about.  I really want a mentor  because I don't feel like I know  how to find an End buyer once I put the house under contract.  It's scary....so any advice to take the plunge would be great.

Post: How To Get Paid By End-Buyer?

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25
Originally posted by @Matt Lefebvre:

This is not wholesaling @Larry N..  This is called practicing real estate.  If YOU do not own the property, have equitable interest in the property, or have a contract on the property, you should NOT be trying to sell this to a buyer unless YOU are a licensed real estate agent.  Wholesaling without a real estate license itself is a legal grey area.  Trying to wholesale someone else's wholesale deal is not legal.  

I'd recommend finding your own properties that YOU get under contract.  Also be sure to consult with a real estate attorney on the proper way to follow this.  You don't want to end up with a black mark on your record because you didn't know the law.

Matt, I am interested in double closings to avoid grey areas.  What is a good way to find a buyer once you buy a property at a great deal?

Post: 27616 feeding frenzy

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

I live in 27616 area also and am focusing my investments there since I have lived there for 6 years.  I have 5 potential properties that would be perfect to invest in.  I am now awaiting on a few more skilled investors to help me co-wholesale them.  The market here is appearing great for deals to wholesale, flip etc.

Post: List Source Returning Small Numbers

Account ClosedPosted
  • Raleigh, NC
  • Posts 80
  • Votes 25

I took everyones' advice and played around with the criteria.  In my area for whatever the reason it didn't like me adding 1-3 bedrooms.  Took that off and problem solved.;)