All Forum Posts by: Mark Weins

Hi,

I am looking to close my first wholesale deal, but the property is located in a 55+ community and apparently the house is not for sale but instead "rented land" since it's in a 55+ community. Does anyone know if I have to find a cash buyer who is 55+ to purchase this property? Also I cannot find any good comps for this property is it okay if I reach out to a random realtor in the area and ask for a free comp?

Hello,

Are title companies restricted to the state they are located in? I plan to virtually wholesale nationwide and would like a title company that can close deals nationwide

Hello, I will begin virtual wholesaling my first deal soon and I had a question regarding virtual walkthroughs? To prevent the buyer and seller from talking who should I hire for boots on the ground to facilitate the walkthrough? Do you guys usually hire real estate agents or find someone through a kijji or facebook ad? How much do you pay them to walkthrough 1-3 buyers?

Looking for a wholesaler with experience to answer this question. If I am looking on facebook to shop around a wholesale property I have under contract and find 10 people who are interested in the property, how do I select 3-5 sellers to drop the address to and keep myself protected. What do I do when all the sellers I contact ask for the address of the property before anything else?

Hi, when is the proper time to ask for the EMD for a wholesale deal? Is it okay if I ask for the EMD right before I disclose the address to my buyer so they can do a walkthrough or should ask for it after I have already disclosed the address to the buyer?

Hi, I am currently working on getting my first wholesale deal and I had a question regarding when to share my wholesale deal address with cash buyers to keep myself protected. I am planning on using FB contacts to bring cash buyers say in Houston my deal, the problem is that I think cash buyers will just instantly ask for the address of the property so they can do their own comping and I will run the risk of people going around me, if i shop the deal around many buyers? What is the correct procedure in this situation? Thanks

If I am getting the assignment fee from my first wholesale contract what is the best method to receive my assignment fee? Would E-transfer or cheque be the best payment method? Also would i get payed at the same time as the seller for my contract? How and when would the buyer usually pay me for an assignment contract, would I be paid through the title company or something?

Hello,

I am a Canadian citizen living in Toronto and I am looking to start virtually wholesaling in the united states. My question is if I am allowed to pull free lists from American counties/cities such as pre-foreclosures, code violations, fire damaged properties, and water shutoffs despite not being an American citizen? If I request the list will I be forced to disclose this? Will I still be able to get the list under the freedom of information act?

Thank you in advance

Hello,

I am about to start my journey with real estate wholesaling and I had a few questions regarding boots on the ground and what to do in case my potential buyer wants to inspect the property I am wholesaling physically. 

My first question is regarding boots on the ground and for this I am planning to just have the homeowner take pictures of their home for me which I would send to my buyer for them to estimate repairs. If my buyer is in town (Seattle market) then I will give them the address to the home so they can inspect the property themselves after I have the home under contract. Is this practice acceptable for wholesaling?

My second question is if I run a risk of the buyer negotiating a better price with the seller once they know the address and visit the wholesale property I have under contract. I want to make sure my profits are protected and do not run the risk of being cut out of my deal, so what would be the best way to protect myself but serve my customers in this situation? 

Thanks in advance

Hello,

I am trying to figure out what the average profit percentage a buyer expects to make from a wholesale deal. I will be wholesaling properties soon and I would really like to have someone with some experience give me an expected profit range most buyers have when deciding to pull the trigger on a wholesale deal.