All Forum Posts by: Account Closed

If a seller signed a contract and is now unwilling to complete the sale do I hold a lien against the property for the earnest money deposit? If so, what's done next?

@Jim Viens Thanks so much. I don't know why I didn't think of this from the beginning. I guess I was so focused on getting up enough money to use listsource and yellowletters.com. I'm new to this so that was very helpful. Thank you for that creative insight. 

@Jim Viens Thank you for that. Does it matter if its handwritten or typed? 

Hi BP community, I recently found a property while driving through a neighborhood. The property didn't have a FSBO sign out but it was definitely distressed. I checked the county website and found the address of the owner. I would like to send him a letter via direct mail offering to buy the house. Is this a wise decision? Is there anything else I should consider before mailing the owner? Any suggestions? Thank you, Krystal

Thanks @Jon Holdman 

Exactly what are points?

I recently found a property that I would like to rehab and sell. However, I can't finance it myself and I am in search of a PML. My questions to the BP community are: do you have to put money down (if so, how much?) and how can I persuade a PML to lend their hard earned money to me?  

I'm new to investing and this could be my first deal. Any tips or suggestions would be greatly appreciated. 

Thank you, 

Krystal 

Thank you @Jeremy Tillotson for the clarity. 

Hi, 

Can someone please explain to me the difference in an assignment and an option to purchase? 

What is detailed in the contract? How can I get them? 

Thanks. 

Thank you @Victoria Winters 

I would like to start with wholesale. I just didn't know whether I should consider starting as a bird dog first, in order to learn the very basics, or not? 

Thank you again @Ned Carey