All Forum Posts by: Daniel Paloscio

Rebecca Walker with Infinity Abstract is awesome. As a trx lender nationwide we work with title companies all over the country, Rebecca is one of the best and she's based out of Tampa. We've funded several deals with their office for wholesalers. 

I'm not sure if I am allowed to leave her contact info here, but if you google Infinity Abstract Title Tampa, they will be right at the top.

If you want to shoot me a dm I'd be happy to make an intro for you.

Hi Kesha, we fund lots of deals in TN and are happy to help. Check us out, our site is in my signature block!

What kind of return are you looking for and how much work are you wanting to be involved with? Typically the return increases as you take on more sweat equity. Our investors get an 8-10% return for investing in our private mortgages in FL. This would be a turn key, hands-off approach. If you were going to flip or wholesale yourself, you could expect a 20%+ return if you are buying right. You could flip that money 2-3 times per year I would guess as a beginner. This would require you to be fully involved in finding the deal, managing contractors or doing the updates yourself, then managing the disposition process. 

It really all depends on how you want to leverage your time and your ability to identify good quality deals.

You can write anything you want into a contract. If you spell out with your end buyer that they are required to pay all closing costs on both transactions, then the end buyer will pay for all closing costs. Without specific verbiage in your contract, you would be responsive for buyer closing costs on the AB closing, then seller closing costs on the BC closing. 

You cannot change anything on an un-assignable contract without both seller and buyer signatures. There are 2 options I know of that may help you accomplish this:

1. You can execute the contract into an LLC, then sell the whole LLC to your end buyer. This way the original name stays on the contract, but the signor for the LLC would change to your end buyer. You can collect a fee for selling the LLC.

2. You can also novate the deal. Look into novations. 

Good luck!

Look into novations. You can wholesale to any financed buyer this way.

Hey @Xavier Miles, I'd be happy to help! We fund lots of deals in GA. Check out our all 5 star reviews on both biggerpockets & google! @Jesse LeBlanc is an awesome provider as well :)

Hi @Jen Roberts, we fund lots of deals for wholesalers around the country and you want to look out for a few things: 

1 - never pay anything up front - all fees should come out of the proceeds of your sale. Your lender should only make money when you make money and you should never owe anything if the deal does not close. There are a lot of scammers out there so be careful to protect yourself with this.

2 - limited info - you should not have to give a ton of personal information like credit or bank info. These loans are based on the deal itself and you should not be required to offer much personal info to get the deal funded. 

3 - check for reviews - a reputable lender will have reviews on both BiggerPockets and Google - be sure to check those places to confirm that you are dealing with a qualified, honest lender. 

4 - ask your peers - just like you have done here, active wholesalers know who the good service providers are and they can give you insight into who you can trust and depend on. You can also ask your potential lenders for referrals, they should be able to offer some. 

If you choose a lender based on those principals it will be very likely that you never learn about the "bad or the ugly"!

Feel free to reach out direct if you have any other questions!

PV Settlement is fantastic. I fund tons of closings for wholesalers with them. I'll pm you my contact over there now!

Hi @Isaiah Garcia we fund lots of deals in Texas and nationwide and we've got some great reviews on both biggerpockets and google. @Jesse LeBlanc is awesome as well!