All Forum Posts by: Account Closed

@Alex M. Thanks man! I'll be sure to join! @Brandon Turner Thanks a lot man! Great podcast BTW!

@Shauna Reiter that would be great! I'm also interested in investing in South Jersey (Burlington, Willingboro, Delran areas). You as Realtor there could help me.

@Li Wa I don't, I'm not a member yet. I'd love to join though. Bigger Pockets is awesome, but I'd love to talk to other investors in person and learn that way.

@CHRIS MITCHELL Hey Chris! It's nice to meet a local investor, to share ideas with. I'd look forward to any future deals we do! I was looking for a local investor association, or something along those lines to join. Anything of the sort in the area?

@Brie Schmidt @James Wise @Michael Barbari @Louis Leone @Bryan L. @Brian P. I don't think I could have gotten better responses! Thank you all, you input was extremely helpful!

@David Walls I've never wholesaled before, but from I've read it gets a little more complicated with wholesaling. I believe that wholesalers typically a open double escrow or two separate escrows all together. In these cases it's definitely best to find a title company willing to do those types of transactions, and let them take care of the details. But to answer your original question, yes. I hope I helped you out a bit

Escrow, is where money (such as an earnest money deposit) is being held by a third party, on the behalf of the two parties in the transaction. Once all conditions of the transaction have been satisfied, that 3rd party disperses the funds accordingly. 

As an aspiring real estate investor, I was curious about something. I'm Realtor (only since June of this year), and I was wondering how that could potentially affect my investing business both positively and negatively? 

The first thing that comes to mind in terms of a positive aspect, would be my access to my local MLS. I imagine that gives me a great advantage among my piers. Not to mention, I have build somewhat of a rapport with: other Realtors, other investors, mortgage professionals, title companies, and most of all past clients.

When I think of would could be consider a negative aspect, would be things related to disclosure, and conflicts of interest with my brokerage (I am currently with Long & Foster). I could be over thinking this though.

I would to get some feedback on this, by some fellow investors, who also have their real estate licenses. In my opinion (and again I'm just getting started), I have to believe the positives far outweigh the negatives.

@Joshua Dorkin This is a great topic. Thank you for the help.

@Brian Gibbons @Robert Leonard Great stuff guys!

@Kevin C. The BP "No Money Down" book seems very interesting. I know me personally as newbie myself, anything related to financing is where I'm looking to focus on.