All Forum Posts by: Rachel Atim

Also, in reply to your last comment, do the attorney and mortgage brokers have their own paper work drawn up or do I have to source them out first and take it to them?

What would their roles be in a WLO deal?

Regards

Hi Brain, thanks! 

Thank you for the clarification. And yes I did mean assigning the contract, but to the TB

Hello Rachel,

I am new to the investing world but would like to get in to creative form of investment. If this is something you would be interested in please send me a private message.

Have a good week!

Hello Tim,

I am a newbie here on BP and to the REI world. Currently I am working on doing some WLO deals in the VA state but I am very flexible with other potential markets. As a virtual investor I would be happy to do all I can to get deals done, possibly in a joint venture structure. If that is something you would be interested in you may inbox me.

Regards,

Rachel

Hi there,

I'm planning to start WLO in VA by next month and would like to know what sort of costs are accociated with carrying out deals. I know it has been called a little/ no money down investement route but I believe that is more to do with marketting costs.

The gurus have explained the steps in details such as qualify a TB, but in order to do so don't I have to go a mortgage broker and ask them to carry out the required checks..surely that carries a cost..

I would like to understand from someone who has experience the following

which professionals need to carry out each stage for both the TB and the seller documents

what are the ball park prices I need to expect for these services. 

Regards,

Rachel

Thanks Ana, I'll get to it!

Hi BP

If I was to close a WLO deal and the TB didnt pay their rent on time or were back on payments, am I to assume any liability for this ? 

Or if the seller did not pay their mortgage payments to their lender leaving the TB in a bad situation.....

@Joe Villeneuve do you have experience without using such companies?

Okay thank you!