All Forum Posts by: Peter Giardini

Join participants for one of the most in depth discussions on how to find fund for your deals...

Charlene,

Welcome to the world of real estate investing and the best online community on the topic!

Be sure to reach out with questions and be sure to attend the various local groups and networks.

I wrote an article for Bigger Pockets regarding wholesaling that you may find helpful.

https://www.biggerpockets.com/...

Best of luck!

Pete

Dannielle,

Congratulations on your second deal.  You might try Tammy Saul of Federal Hill Mortgage.  She has a handful of programs that might fit your requirements.

Good luck!

Pete

Ned,

I'm in Baltimore at least once a month...  The Club is still very active and members are doing well.

Next time I'm in town I will reach out see if we can connect.

Pete

Brandon,

Congratulations... I would start attending meetups and REIA meetings in your area. Maybe place a post on Craigs List (don't include the house address just the street).

I would also recommend you review this article on wholesaling that I wrote for BP a few years ago.  It might shed some light on the subject.  https://www.biggerpockets.com/...

Best of Luck!

Pete

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Taghlub,
Sorry to hear about your turnover issues.
The statement of costs can be in any format .  Ensure that it tallies each cost it separately and include copies of invoices to justify those costs.  Than identify to security deposit total (being sure to add any accrued interest) and subtract the costs from the deposit.  If the tenant owes additional amounts be sure to clearly identify the amount owed.  If you have pictures send copies with the statement.
In Maryland you have 45 days from the day of move-out to sent this document to the tenants last know address.
Hope this helps?
Pete

Bret,
Looks like you are learning a very valuable and hopefully not a costly lesson.
If you are unsure of the deal, either renegotiate the purchase price (your realtor will have a fit) or back out of the deal.
The lesson... always stay on YOUR agenda!  This means independently verifying the numbers and don't trust others to lookout for your best interests.  They are too busy looking out for their own interests.

Best of Luck!
Pete

Gabriel,

I am not sure if I could help... but I wanted to commend you for understanding the value of a potential mentors time, knowledge and expertise and being willing to compensate through helping out or money.  Bravo!

Best of Luck in your search... and don't hesitate to reach out with specific questions

Pete

Dee,
Welcome to Bigger Pockets you are in a great place to learn, network and prosper.
In my experience you do not need to obtain a realtors license to wholesale... because you are not representing the seller in the transaction, but are actually the "buyer" until you decide to assign your beneficial interest in that property to someone else.
The purchase and sale agreement should be straight forward if dealing with a seller directly.  If you are dealing through an agent typically a realtors contract would be used.
Regarding the assignment contract... I have seen them less than a page long and up to 5 pages.  They don't have to be complicated just capture the essence of the transaction.
I wrote an article for BP some years ago on this subject that might be helpful.... here is the link ... https://www.biggerpockets.com/...
I hope you found this helpful?
Best of Luck!
Pete