All Forum Posts by: Kyle Nazarek

@James Wise by internet trolls like you or actual state BAR registered attorneys? I've already had it vetted by multiple VA lawyers

@James Wise so you’re saying I must have a license to enter into a purchase agreement with a seller, which gives me equitable interest in a property, and then sell my interest in that contract for a fee? Or I must have a license to enter into a purchase agreement on a property and buy it outright, and then sell that property THAT I OWN (be it only for a few days or weeks) to someone who is really looking for a piece of land to build their dream home?

@Daniel Paloscio thanks for the clarification man!

@Joe Splitrock thanks for the response!

@Lydia T. Thanks for the reply :)

@James Wise why would I need a sophisticated business model when the system is quite simple? Find motivated buyers and motivated sellers then put the two together? You don’t need a real estate license to make serious money. It’s so easy that I do this on the side of my full time job of 12 hour days that has nothing to do with real estate. I haven’t used a real estate agent for buying and selling my own primary homes, just use a lawyer because it’s TOO EASY OF A JOB and don’t need to shell out thousands of dollars in commissions when I sell my own home. People are slowly shifting to that mindset as well. Is your strong language on these blogs just a marketing scheme for your tutorials and podcasts? I think so

Hello,

I have a question about the actual execution of a double closing. I understand that you will be on the chain of title for a few hours after buying the property before the selling happens later in the day, but do you actually need proof of funds and write out a check at the first closing, despite the end buyer coming in with the money for the second deal later in day? Basically, are you able to find the purchase in the first closing with the funds from your end buyer in the second closing?

I have a vacant lot that I bought and would like to flip. However, Is there any money to be made by building a home and then selling? Are there easy ways to get funding for the construction?

@Chris Mason why would they not be able to. The owner has full ownership of the property, I have only linked a buyer with a seller on the wholesale deal. Is it a law that says wholesale deals can’t be financed or are lenders just not usually willing to finance these? Is it state to state?

Hello,

I have a wholesale deal locked up on a vacant piece of land, but a prospect buyer would need to obtain a loan for all or some of the price. What are the drawbacks of having your buyer close with a land mortgage vs straight up cash? Do you as the seller (or wholesaler) see any additional costs or issues, or is it just an longer process?

Any input would help! thank you in advance