All Forum Posts by: Robert J. Van Horn

I’ll be opening my own business soon (I’m so excited to get into the business of real estate investing and property management )

However I am having a hard time (by the way I'm in Florida ) finding any information when it comes to protecting my wife from my LLC / business . I'll elaborate : I want to be sure should (heaven forbid) I have some sort of legal action against my company , how do I ensure that my wife and her livelihood cannot be dragged into it / in Jeopardy?

(Note : I am the single owner of the LLC / company )

I’m just breaking into he wholesale / investment property scene . My wife and I were having a very thoughtful discussion on how exactly these transactions legally are allowed to happen . Here is my example .

I put a bid on a 250k property for 150 , the seller agrees and sets a “anytime in the next two weeks” to close that deal.

(Note I will be using either transactional funding or a backers funds to purchase the property )

I then call my list of cash buyers and one agrees to a sale price of 190k . I then set that closing date the same day as my original purchase date / closing .

I suppose my question is : am I able to set a contract to buy a property that I haven’t officially closed on yet ? What happens if my original sale / close doesn’t go through , now I have a contract / purchase agreement with my cash buyer for a property that I now don’t have .

Does anyone have any anecdotal stories or perhaps literature that I could refer to , to find more information to put myself and my wife at ease?

(We live in Florida by the by )

I’m looking at getting into the wholesale business . I’m working with an individual whom has been doing this for a while, he recommended that I give this network a try .

So, what advise would you give a newbie to the scene of real estate wholesale ? Specifically when it comes to acquiring customers / clients , possible forums or maybe individuals to follow or books to read ?

I’m curious about how one can best attain customers / leads for a budding wholesaler.