All Forum Posts by: Account Closed

I have buyers that may be interested. Please click on my picture to get my contact info and send me as much details as possible. 

When you get an owner that wants all cash then ask them what are they going to do with all that cash? If they say they are going to invest it. Then ask them at what interest rate are they expecting to get. Typically they will say put it in the bank and get less than 2%. Then you ask them how would you like to get 4% with very little risk? Then explain the benefits of selling you the property with owner financing. 

Welcome. I am a wholesaler in Orlando. If you are looking for more properties let me know.

I totally agree with Ken. I have been wholesaling in Missouri and now Florida for 17 years. There are no problems in wholesaling if you do it right. I have 43 properties right now that I'm wholesaling and the way I do it if the spread between the price I'm buying it for is less than $10,000, I just have the buyers sign a Consulting Fee agreement. That way they buyers 'Assumes' my contract (be sure that is allowed on the contract) for the price I would have bought it. They buyer then buys the house for the price I have on my contract and the title company pays me in the closing for the price listed on the Consulting Fee Agreement. Even though I'm a licensed real estate agent, I still do it this way. I only use my RE License to do my larger commercial deals. 

Now if the amount I'm getting is more than $10,000 I don't want the buyer or seller to know how much I'm making so I will do a double closing. Yes it costs more because I have to pay for 2 closings but it is better this way to maintain a good relationship with both the seller and to do more future business with the buyer. 

That's my 2 cents.

Steve Anderson

There really isn't such a thing. All financing sources, including private financing, typically want you to put some money into the deal, called 'Skin in the Game'. The best way to do deals without any cash out of pocket is to do wholesaling. Find a property, get it under contract and sell it to another investor, typically closing at the same day. You get the difference in what you have on the contract and what you sell the property to another investor to. 

What's the ARV?

I may be interested in this package. I could not find your contact info. Click on my picture and send me an email with the details of the properties. 

It's not the tax value but the taxes assessed.

Welcome to the Florida market.

Your welcome. This strategy is the best and fastest way for a newbee to get started. There are many more advanced methods.