All Forum Posts by: Patrick Britton

For private sales is it reasonable to have the earnest money amount be something between $10 and $1000? And I assume for REOs and short sales it would be greater?

Does it raise a red flag to the seller if I offer only $100?

Hi,

What information should be provided and which be left out when posting details of a wholesale property?

If under contract, is it okay or even advisable to provide the address? To what extent should any renovations be advertised/discussed?

Anything else in particular?

Apart from the standard obstacles to wholesaling, I think it may be advantageous to be licensed, at least in my area of the country.

I know of a licensed real estate broker who does a fair bit of wholesaling and his access to MLS, among other things, helps him find properties a little easier than the rest of us.

As well, and I'm speaking only with respect to Washington state, but as a licensed real estate broker he can provide "referral fees" to pretty much anyone. Without a license, giving or receiving fees is a violation of state law.  For example, he can provide a referral fee upon the closure of the deal to anyone he wishes. I however, and only able to provide referral fees regardless of whether the close or not.

Obviously, others here will offer their own unique insights, but I think the bottom line is that it's a plus to be licensed.

just anywhere on the Marketplace forum?  

thanks! 

hi,

1st post here and just went PRO today.

where is best place to post a wholesale deal?  say for instance, Ypsilanti Michigan.  

thanks!