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All Forum Posts by: Riley Hinshaw

Riley Hinshaw has started 30 posts and replied 62 times.

Post: HOW TO TALK SOMEONE INTO FLIPPING A HOUSE????

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10
Originally posted by @Account Closed:

Have you ever thought that he might enjoy working all of those hours? Sounds like he is pretty happy with his life as it is. Considering that he knows so many people in the real estate community and has some cash and excellent credit, I doubt he really needs your encouragement.

 No. He just doesn't have time to get around to it. That's why I said I need someone (who knows what they're doing) to sit down with him. I talk to him literally every day about real estate. I know for a fact that he wants to flip houses. Thanks for your attempt to help but that's not what I asked. 

Post: HOW TO TALK SOMEONE INTO FLIPPING A HOUSE????

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

Okay, so I've been wholesaling properties to investors for almost a couple years now, I come across some amazing deals, I also own an inspection company now that inspects FNMA foreclosure properties, which also helps me find some decent fix n flip deals. My father works his *** off day in and day out and has been with his employer (huge company) for 39 years, in that time he has made his way pretty high in company for being such a dedicated hard worker. He makes really good money doing what he does, however, he has worked 12+ hour days every day since he first started with the company at age 19. He literally only takes days off a couple times a year. What I'm trying to say is he works way too much! He is getting close to retiring an he wants to move to the beach. My family discusses flipping houses all of the time! My parents know a loooot of people in the real estate world including brokers, agents and full time investors, so they know how much money there is to be made if you play your cards right. SO THIS IS WHERE I NEED SOMEONES HELP! My dad would absolutely love flipping houses full time, he has An extremely good credit score, and a few bucks resting in the bank. He would be more than willing to flip a house if he spoke to the right person, whether it's a hard money lender or potential partner. HOW COULD I TALK HIM INTO FLIPPING A HOUSE !?

I want him to retire already and learn to relax every once and a while. What advice can you give me that will help me talk him into flipping his first property ? I believe that he would be down with it, if he spoke to a lender who could explain everything to him! If he found the right deal and the numbers make sense he would jump on it ! I can use any advice ! I know this is a weird one lol, but I need someone's help ! I'm desperate for this. Any California lenders or potential partners out there who could help ?

Thank you !

I look forward to reading any responses.

Post: HOW TO TALK SOMEOME INTO FLIPPING A HOUSE???

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

Okay, so I've been wholesaling properties to investors for almost a couple years now, I come across some amazing deals, I also own an inspection company now that inspects FNMA foreclosure properties, which also helps me find some decent fix n flip deals. My father works his *** off day in and day out and has been with  his employer (huge company)  for 39 years, in that time he has made his way pretty high in company for being such a dedicated hard worker. He makes really good money doing what he does, however, he has worked 12+ hour days every day since he first started with the company at age 19. He literally only takes days off a couple times a year. What I'm trying to say is he works way too much! He is getting close to retiring an he wants to move to the beach. My family discusses flipping houses all of the time! My parents know a  loooot of people in the real estate world including brokers, agents and full time investors, so they know how much money there is to be made if you play your cards right. SO THIS IS WHERE I NEED SOMEONES HELP! My dad would absolutely love flipping houses full time, he has An extremely good credit score, and a few bucks resting in the bank. He would be more than willing to flip a house if he spoke to the right person, whether it's a hard money lender or potential partner. HOW COULD I TALK HIM INTO FLIPPING A HOUSE !? 

I want him to retire already and  learn to relax every once and a while. What advice can you give me that will help me talk him into flipping his first property ? I believe that he would be down with it, if he spoke to a lender who could explain everything to him! If he found the right deal and the numbers make sense he would jump on it ! I can use any advice ! I know this is a weird one lol, but I need someone's help ! I'm desperate for this. Any California lenders or potential partners out there who could help ? 

Thank you !

I look forward to reading any responses.

Post: Wholesaling in Los Angele

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

@Shawn Ward message me your email address and i will send you my available inventory.

Post: Double Assignment?? assigning another wholesalers PSA?

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10
Originally posted by @Steven Leigh:

I suppose it would work, but I would probably just sign a JV (joint-venture) agreement with the other wholesaler. It's a much easier way to operate. You basically just agree to split the profit from the deal. It can be a percentage, or "person A gets $1,000 and person B gets the rest of the profit" or just about any scenario you can write out.

This way one wholesaler can bring the buyer or whatever the value is but you don't have to add extra purchase agreements to the mix.

 Can you answer that as well please

Post: Double Assignment?? assigning another wholesalers PSA?

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10
Originally posted by @Joe Villeneuve:

Sure it works, but that's like being asked for the time, and explaining how a watch works to answer it.

 So if I sent the original wholesaler a PSA of my own stating I'd be purchasing it but it is assignable, then turn around and have an end buyer sign a PSA, how would closing work ? Would the buyer only see my fee? And would a Jv agreement still be needed between me and original wholesaler? I'm just confused on how it would work in the sense of closing and actually getting paid and having a smooth process.

Thanks for your help!

Post: Double Assignment?? assigning another wholesalers PSA?

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

Hey BP,

This might be confusing, I talked to another wholesaler who said when he co wholesales his deals, he signs the other wholesalers PSA, then sends a new PSA to his end buyer. In return, he still gets an assignment fee but the end buyer doesnt see both wholesalers assignment fees. Does this really work? I co-wholesale a lot of deals for other wholesalers and never heard of that working. I might sound dumb, but please let me know. It would be nice to have a clean PSA with only one assignemnt fee on there ( even though im honest with all my buyers about me co-wholesaling it)

Thanks! ANY HELP IS APPRECIATED!

Post: ASSIGNING OTHER WHOLESALERS PSA

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

Hey BP,

This might be confusing, I talked to another wholesaler who said when he co wholesales his deals, he signs the other wholesalers PSA, then sends a new PSA to his end buyer. In return, he still gets an assignment fee but the end buyer doesnt see both wholesalers assignment fees. Does this really work? I co-wholesale a lot of deals for other wholesalers and never heard of that working. I might sound dumb, but please let me know. It would be nice to have a clean PSA with only one assignemnt fee on there ( even though im honest with all my buyers about me co-wholesaling it)

Thanks! ANY HELP IS APPRECIATED!

Post: NEED YOUR HELP BP!

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10

Thank you so much John Mathewson! can i please message you and ask a few questions?

Post: Hubzu Wholesale

Riley HinshawPosted
  • Flipper/Rehabber
  • Highland, CA
  • Posts 72
  • Votes 10
Originally posted by @Arianne L.:
Originally posted by @Riley Hinshaw:
Originally posted by @Arianne L.:

@Riley Hinshaw Find a money partner who will split profits with you. They fund the deal and close. Then remarket. 

 Are you talking about the double close?

Yes. The only way you wouldn't double close if you are buying an REO is if you create a shell LLC, get it under contract with the shell LLC as buyer, then sell the shell LLC.

 Okay great so that leads to my next question... Where do I find someone to lend for a double close and how do i go about that process?

THANKS A LOT!