All Forum Posts by: Lucero Cruz Narino

Once signed yes you want to get a title company involved that works with wholesalers (some don't even know what that is), and finding a buyer is the most important thing from there

thanks !!

1 Vote

Quote from @Lucy Atkinson:

I just scan it on my phone and put it into my google drive where I keep all the pics of properties and contracts and then keep the paper copy in a labeled file for the property

thank you very much !

0 Votes

Quote from @Michael Dumler:

@Lucero Cruz Narino, Correct!

Thanks you

0 Votes

Quote from @Michael Dumler:

@Lucero Cruz Narino,

1. Seller signs Purchase and Sale Agreement (under contract).

2. Send A to B contract to title/real estate attorney.

3. Assign contract to end buyer.

4. Send B to C contract to title/real estate attorney.

5. Receive and cash your check.

Just to be clear,
A and B , seller and I
B and C , I and buyer ??

0 Votes

Quote from @Lucy Atkinson:

buyer, I don't typically send anything to title until I have an end buyer but everyone does things a little differently and I have a really good relationship with our title company so I know how they do things and their turnaround times on stuff which makes it easier to do it that way as well.

thank you very much

0 Votes

Quote from @Lucy Atkinson:

I just scan it on my phone and put it into my google drive where I keep all the pics of properties and contracts and then keep the paper copy in a labeled file for the property

Great … thanks for your replay ,
what about the cost of title company , who pays for that usually ? The buyer or the seller ?

0 Votes

I am pretty new about doing Wholesaling and I have a stupid question,

after I find a seller and i handle this " property assignment contract " for the seller to sign and date it, what will be the next step to do with this contract? just hold it ?? notarize it ? or just keep it in the drawer ?

I did not find the " buyer " yet, so I only contact the title company after I find the buyer to do all title search and start escrow ?

1 Vote

Quote from @Shronda Sledge:

You don't need to have a LLC in the beginning but I would strongly recommend getting one after a few deals. You want to be credible investor and it's important to set up your business structure appropriately.

Thanks and I totally agree

0 Votes

Quote from @Jesse LeBlanc:

Quote from @Lucero Cruz Narino:

i see ... but to start , first month, can i making offers without a business using only my personal information?

After mentoring for years and operating my own wholesale company, lending, obtaining a portfolio of rental etc, I HIGHLY suggest that you first start our buying in your own personal name UNTIL you have a few deals and some consistency.

If you're simply wholesaling in the LLC vs buying rentals, then it's a pass through entity anyway, so you'll be taxed the same. It will just be one more added expense (although very little) that you don't have to worry about when starting out. After a few deals, some consistency then I'd look into the LLC but talk with your CPA on how you want the LLC setup in the eyes of the IRS for the tax structure depending on your future plans with that LLC.

great .. thats what I thought ... thank you very much

1 Vote

Quote from @Lucero Cruz Narino:

Quote from @Bob Stevens:

Quote from @Lucero Cruz Narino:

Quote from @Bob Stevens:

Quote from @Lucero Cruz Narino:

thank you very much

there are so many wholesalers out there why not just get deals from them? I do zero marketing and can get as many props as I want. I just picked up 7 more last week, all with great numbers. I have done about 500 in my market with zero advertising. I just ask my network and get all I want.

All the best

you mean .. get good deals from them ( those wholesalers ) and just sell them on MLS ?

If the numbers are good you can sell on MLS, I flip all mine to investors that want rentals. I keep many as well

that sounds great.

do you recommend any wholesale that can help me getting good deals in land by any chance ?

i found a app called "Investorlift" but it is $5,000 just to get their membership yearly.

and for me as a newbie , i think would be waste of money.

I am just trying to get in the business of Real Estate and cause i dont have too much to invest , i thought about wholesaling, but if i can start buying and flip cheap land, that would be great

after watching few videos on youtube i see the most effective way to get those ( good deals ) leads are thru google advertising ??

0 Votes

All Forum Posts by: Lucero Cruz Narino

Lucero Cruz Narino has started 7 posts and replied 44 times.

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Another Stupid Question from a Newbie about Property Assignment Contracts

Post: Do i need to open a LLC company before start to do wholesaling ?

Post: Do i need to open a LLC company before start to do wholesaling ?

Post: Do i need to open a LLC company before start to do wholesaling ?