All Forum Posts by: Kenneth Germann

coffeeclozers.com is a great tool for getting comps and generating reports for your buyers.

You have wholesaler A with the contract. Wholesaler B with a JV agreement with Wholesaler A. Wholesaler B assigns me the contract. I double close on the deal. In a double close, the seller and the wholesalers in the A to B to C side of the transaction shouldn't have access to who my buyers is. They should only have access to the A to B to C information in the close. In that transaction, I am the buyer. The title company should only provide the statement to that side of the transaction to the seller, and 2 wholesalers. I would close with my buyer. That side of the transaction is between me and my buyer. The title company would give the statement to me and my buyer. You need to make sure that the buyer signs before me the seller does on the C to D transaction. This was my original question :)

I am working to help wholesalers sell their properties. I had a situation where the wholesaler cut me out once they found out who my buyers are. It was suggested that I do an assignment vs jv partnership agreement. My question is: If I have the wholesaler that has the contract assign it to me when I have an offer for a property from one of my buyers, Can the wholesaler A find out who the buyer is when it goes to close? I I am looking for ways to protect my unique position in having solid buyers and not get cut out of the partnership. My buyers buy at up to 80%. 

 Zestimates are garbage. With the advent of AI, it shouldn't be hard to calculate comps. I was in IT for 42 years :)

Google "Double Close". They have a way to get a POF letter for any amount you want.

Does anyone know of an API I can use that I can push an address to and it will come back with the estimated ARV value of a property? I want to automated this process for my business.

I want a show of hands of how many investors would like to learn how to use the MLS to go after on market properties? A lot of people charge thousands of dollars for this information. I want to help people just starting out as wholesalers to have a path to generate leads for properties where time and partnering with realtors is your only cost.

Reply to this message if you are interested. 

 The key for me selecting a title company is can they do the title search in 7 days or less. Ideally, I want to be able close on a property in 14 days.