All Forum Posts by: Michael Slabitcher

@Account Closed 

Hi @Luis Quintanilla ,

I am considering Indianapolis as well as some cities in Texas. Send me a message with your telephone number so we can set up a meeting.

Thank you all for the input.

Has anyone conducted business with FS Houses Indianapolis? How was your experience? Specific details (numbers and area) would be appreciated. Thank you.

@Account Closed 

On my purchase contract with the seller my earnest money deposit is only $10. You would account the earnest money deposit given to the seller when you decide the assignment fee you would like to charge. Once the assignment contract is signed by both parties the end buyer would contact their title company and open escrow.

@Account Closed 

The earnest money deposit received from my end buyer is for me to keep regardless if he/she buys the property. My end buyer would be reviewing my original contract with the seller before he signs the assignment contract (this is when the earnest money deposit is given). I hope this answers your question.

Hi Abram,

Please keep us posted with your results. Best of luck to you.

@Daniel Guillermo 

Hi Daniel,

As a wholesaler you would only need a real estate attorney to write up or review your PURCHASE AND SALE AGREEMENT CONTRACT and your ASSIGNMENT CONTRACT to make sure the documents are legal. You do not need an attorney to wholesale a deal. As far as the title company your end buyer can use the title company of their choice. Hope this helps.

Hi Arthur,

You should get pre approved before you start looking. You want to know how much property you can afford and also be able to move fast if you find something you like.

By the way, I can refer an attorney if needed.