All Forum Posts by: Sean Williams

Whenever I wholesale, i am always upfront with whoever I'm dealing with. I just simply tell them. I'm putting this house under contract with you for whatever price we agree to. I let them know that I will market the home to my cash buyers and that I think they will purchase within a certain length of time. I make my money based on what i sell it for. They usually are ok with it because they don't have access to my resources. If they are ok with it we have  a deal. If not, I walk away , no harm done. I always have my funding in place before we do a deal. At the end of the day, they know we aren't working for free. We are looking to make money. 

Thanks I will be looking into this as soon as possible.

Thanks for that information. I will be out there soon to get my feet on the ground and get going. 

I am looking for wholesale deals as well as deals that I can buy and flip if I need to.

Hi Everyone,

I'm in Augusta Ga and I'm just getting ready to start flipping and wholesaling in Houston Texas.

I'm looking for any advice about closing , any laws I should know about ....and do i need a Texas LLC to do business ?

I have my Ga LLC already.

I look forward to talking to everyone.

Thanks

Sean

Hi Everyone,

I have a client that wants to make a cash purchase within the next 30 days. They don't have enough cash to purchase the type of home that they want. They will have the money in May.

Let  me know if this scenario will work and play out the way I would like. Keeping in compliance with the title company rules and all, Here is the scenario.

1. I find them a home that they can purchase around $50-$60k, I work out a deal with the seller to do an A-B transaction with them and me. 

2. Then I use transactional funding to sell the house (B-C) transaction. I will be selling to them for a profit , around $70-75K

3. Then I pay off the A-B deal including transactional funding fees using the money that my clients have. At this point I have not profited. They will take possession of the home and not title.

4. I put a clause in the B-C contract saying that they would make monthly payments to me until May which at that time they will pay me the remainder of my selling price and I will profit. At that time they will gain title of the home and I will have made my money and they did not have to use any other financing as they will not qualify for a loan. The money is coming from their retirement that they can't get until May.

Any obstacles I will face in doing this ? Im trying this route because the sellers may not be interested in any owner financing and I'm willing to wait a few months for my profit.

Your help will be appreciated,  Thanks a bunch.

Sean

Hi Everyone,

I have a client that wants to make a cash purchase within the next 30 days. They don't have enough cash to purchase the type of home that they want. They will have the money in May.

Let  me know if this scenario will work and play out the way I would like. Keeping in compliance with the title company rules and all, Here is the scenario.

1. I find them a home that they can purchase around $50-$60k, I work out a deal with the seller to do an A-B transaction with them and me. 

2. Then I use transactional funding to sell the house (B-C) transaction. I will be selling to them for a profit , around $70-75K

3. Then I pay off the A-B deal including transactional funding fees using the money that my clients have. At this point I have not profited. They will take possession of the home and not title.

4. I put a clause in the B-C contract saying that they would make monthly payments to me until May which at that time they will pay me the remainder of my selling price and I will profit. At that time they will gain title of the home and I will have made my money and they did not have to use any other financing as they will not qualify for a loan. The money is coming from their retirement that they can't get until May.

Any obstacles I will face in doing this ? Im trying this route because the sellers may not be interested in any owner financing and I'm willing to wait a few months for my profit.

Your help will be appreciated,  Thanks a bunch.

Sean

@damien do you have any properties that you are selling now ? I"m looking to work a cash deal.

If any one has a 3-4 bedroom home around $40-$45K Let me know.. I'm looking to work a quick cash deal. Home must be in the Augusta Area.

Hi ,

I am wholesaling in the Augusta area... Please add me and let's do business.

Thanks

Sean

Also would anyone be willing to share some of the contracts that you are using in that area ? 

I am just getting myself lined up so that i can get started