All Forum Posts by: Lian Chavda

And say I do get to the point of a contract, do I tell the sellers (in simplified terms), "You are agreeing to put your property under contract for X amount of dollars. You will recieve X after this contract has been passed off to an investor who will pay you X amount. But I do get paid the amount of Y (The amount the investor is wanting to purchase the property)minus the X". Thats such a bad example lol but I tried to make it simple as I am new and learning.

Thanks a lot! Wouldn't a seller want what the house is potentially worth rather than a negotiated number? I'd expect they'd want their mortgage loan or some type of debt to be paid off so that wouldn't that be the number they'd ask for?? I haven't stepped foot into the field yet.

You're attitude towards this experience will definetely pay off in the long run. Good luck!!

Alright, so i've done my research, spoke to a few investors (still have a lunch meeting with a mentor coming up), and read through a few forums. But here's my question...

When looking for a deal and potentially signing a contract, what would homes that are upside down in mortgage, owner still owes a nice chunk on the mortgage, any kind of taxes that has not been paid or a lien take place into place? Most forums or "wholesale examples" I read are as simple as finding a property that the owner is willing to sign i.e. $50,000 and sell contract to investor at $60,000. Does that seller own the title to the home? Do they still have a big loan on their back? Taxes? Etc?

One more thing to add a little off the subject is how to get the seller to agree that you will be making a profit on this transaction of the contract to a motivated buyer, and getting the buyer to agree that you're getting a profit as well. Thanks in advance BP world!

Does this same law stand for investors wanting to Wholesale?

Thanks Kevin! I am actually going to attend the free Monthly Meeting for REIA this Monday upcoming in Bellevue. I am looking forward to introducing myself to experienced and unexperienced people and get my name and goals out there. Hopefully I can find some help!

I'm glad that you're advising me to attend first before making any moves from your own experience! I will be attending the REIA of Washington in Bellevue, WA on Monday the 9th

Awesome!! I will definitely take all of your advice and put it to use. You all are just as great as the people I plan on networking with. Thanks very much for all of the advice. I'm always up for learning

You all have great answers!!! Thank you! Is it okay to hand out business cards even if I have zero experience and am brand new?