All Forum Posts by: Account Closed

2 questions

1. Did you use transnational funds to close and resell

2. How did you show the property to so many buyers if it wasn't listed on the MLS?

Conservative estimates add a margin of safety into your calculations. I'd set my annual rent increases at 1% though, to each is own.

It absolutely does work, can't really see why people think it wouldn't (?)..I've done a few virtual deals in Atlanta and Las Vegas.

Title agents/companies will only let you double close with the end buyers funds if they're paying all cash.

Always disclose everything and hold the sellers and buyers to the same standard, make them verify everything (Mortgage for sellers, Proof of funds from buyer, etc). If a seller backs out it's not always on you, people are going to do what they want. Pre screening them and explaining the process might help prevent getting into a situation where they back out.

Double close. The buyer and seller will have a harder time screwing you out of deal if you actually close.

I have yet to see an attorney comment on the legalities of subject to investing.... I'll wait.

Sounds dumb and probably won't work. It's as if the "good old boys" are teaming up all around America to raise the barrier to entry into real estate. If the seller understands the risk and rewards I just don't get why it's frowned upon. Real Estate is a commodity, people on here need to stop acting like we're in this happy go lucky world where anyone who sells a property is this fragile being that we all need to tell up and save from the "broke" house flipper that's out to get them. All this proves is one thing: people need someone or something to hate and be AGAINST. I can trade my stocks, bonds, etc however I want to but not a house huh? Seems to be more emotion behind these beliefs than logic...

If the area is a good area, and your ROI is acceptable after you factor in property management fees (from a RELIABLE property manager) then I don't see why you wouldn't.

Some of these comments on BiggerPockets add no value, they are just used to slight the poster about Wholesaling lol. I've seen agents do shadier things than any Wholesaler I've met in REAL life not just read about on some forum. shout out to BiggerPockets:-)