All Forum Posts by: Luis Davila

Ok BiggerPockets hopefully someone can help me out with some advice or least a suggestion. I recently wholesaled a property in Mascotte, FL. The purchase price was for $85k and I made a $13k assignment fee making the Total investment $98k. Now months later, my end buyer discovered material adverse facts on the title to the property (that I was not mad aware of by the seller) and ultimately my end buyer was not able to take possession of the property after closing. My end buyer is suing the seller because of this. I am not sure how this was not caught during the title search. So long story short my end buyer claimed the title insurance and was able to recuperate the $85k purchase price from the title insurance, but is also seeking I pay him the assignment fee back to him or he will file a lawsuit against me. Keep in mind, he willingly signed the assignment contract. Do I have any legal rights? 

Hello Andrew! I am a REALTOR®/Property Manager here in Central Florida with Mila Realty. I will message you privately. 

Originally posted by @Valentina Naumenko:

Hi Andrew. I recommend @Luis Davila. He has years of management experience and should be a great help to manage your project from A to Z

Thank you Valentina! I appreciate you mentioning me in this thread! 

Hello all I need a little guidance. I’m in contact with a reputable gas station chain in my market who are my buyers. I’m looking to double close with them on a lot that would be perfect for a gas station.

1. Land is listed on mls

2. Will have to double close

I’m just seeking guidance and advice on how to approach this deal. Any suggestions would be greatly appreciated.

Guys I need some help. I’m fairly new to wholesaling. I’ve got a property under contract. I have an interested cash buyer but I want to double close. So I’ve my closing agent in place. Now my question is if whether I have to enter a P & S agreement with my buyer as well? What should I charge for a deposit? How will it go down? Any advice would help. Thanks in advance!