All Forum Posts by: Nadirah Dawson

yes, it's refundable, if you do not win the bid. I did one and the money was immediately returned after I lost the bid. @Myka Artis

@Katriel C. Sarfati, oh wow! Well I had 2 attorneys that bust my chops during my initial search. But this time around, it seems I'm being blessed in finding those right attorneys. Thanks, ur right about patience and research! Thanks!

@Huseyin Tatar I will definitely check into that as the lawyer im thinking about using says $400 for assignments. If ur guys have a better deal it might be worth it. Still for my first couple I think I want to have a lawyer just until I understand the process in its entirety and to be safe. 

thanks @Otis Duffy and thanks @Huseyin Tatar, I will check into that!

@Otis Duffy well he told me that we were acting as realtors and therefore was illegal because our fee is counted as commission. I know it's legal but it just depends on the opinion of the attorney u come across. Idk? But I found one now and I'm so happy!! Thanks again @Ibrahim Hughes

@Ibrahim Hughes thanks! I had called Stacey for my first whole sale deal (that fell through) he told me he didn't do assignments, in fact he said... "Go try to find a lawyer crazy enough to do them." was kind of discouraged. 

But right before ur response I had just spoken to Mr. Khan! This must be a small world or just a small shortage of lawyers that do this.

My next attorney to contact was a Christopher Goode. But I'm good with Khan for now :) thanks so so so much! U're the best!

Hello Everyone! 

I have spoken to a few attorney's and they are telling me that they do NOT do assignment transactions, only same day closings..I'm boggled by these statements as I absolutely know this is legal and can be done. I'm just looking in the wrong places, not sure why I never thought to ask you guys. Can you kindly provide some attorney contact info?? I'm Googled Out and don't know where else to turn, will be going to a REI meeting this Wednesday...hopefully I will find some there! Kindly advise.

Many thanks!!!

@Jeff Stewart, yes that was the situation...seller was not in the position to leave right away. He said he had to at least get his things out and find a new place. It was just so much for him, hence, the reason I feel he backed away. I told him that it would be no rush and I would even help him find a new property. I was going to simply have my realtor find a new home that fit his downsized situation. Wife passed, kids are all grown up. But yes that was another set back I thought. 

Oh wow! @Jeff Stewart thank you, thank you, thank you! Your post was very much needed and not long enough with that type of wisdom you were providing and especially for someone who is known to writing small novels on my post :) Ok, so I totally missed that the agent commission was based on ARV. I was still thinking wholesaling price - thanks! And yes, I heard about the 'fudge' expenses...I should incorporate them in my calculations going forth.

So here's the update....unfortunately guys I never heard back from seller :( . I think I messed up when I kept saying it was me and my partner buying the house. When the seller started asking who my partner was, I knew not to say that I'm a wholesaler and what I'm really doing is shopping your house to be bought....so I simply gave him a name of my well known friend who is actually an investor, he has several properties he holds and has a website just in case he decided to check. I told my friend what I said on the spot and I don't think he liked that either.  I'm not good at lying and I don't like it...is there a way to say what I do without scaring the sellers off? I found this post (I will copy and paste it later where he tells the sellers what he does, I love that but am not sure will that hinder my numbers of sealing a deal.

Anyway, I've gone too far to stop now...I went on listsource.com and bought a listing for Essex, Union county cities (SFR, Multi 1-4, last sale date 1950-2006, equity 90-100%, absentee owners AND live-in owner) Side note: I listened to BP podcast who said his return is greater when he adds the live-in owners, can you believe that?! I was always told absentee. Anyway, I created my yellow letter and did my mail merge to send out on Friday...and guess who will be on that mail direct? Yup, my initial wholesale property...(I've been told you send out several post cards to the same house anyway, so I can add him just in case he changes his mind)

Anyway I appreciate @Karen O. for  your prayers, (Prayer is powerful thing so I know something good is coming my way- thank you)

@Jeff Stewart see, I told you I write small novels. thanks again guys!

oh yea @Ryan Goldfarb Thanks Ryan, I will inbox you the information as soon as I lock in this deal. I don't see anything wrong in having several possible buyers just in case. Many thanks!