All Forum Posts by: Account Closed

The amount on the contract is the price it will show up on the Assessors website that the house sold for. Your Assignment fee is not calculated in the selling price. It's a fee paid at closing.

Wholesaling is legal but you have to do it right. You have a contract on a property that you want to wholesale. You sell the property to the new buyer for the same amount you have on your contract but you add another form (Assignment Form) that they sign. It is the amount you want to make on the deal. If the amount of the Assignment is over $10,000 I always do a double close. But if it is less than $10,000 I just have them sign the Assignment Agreement and I get paid from it at closing. 

Do you have properties to sell? 

Sure if you work directly with the owner they are oblivious with contract law. 

Tax deed auctions are two types: tax certificates where you buy a lien against the house and hope the owner pays the taxes off, the you get paid. You bid on these at auction and yes there is alot of competition. Then there is the tax deed auction where you get a deed to the property if you are the successful bidder. And again it is very is competitive. 

But I don't do either of these. I market directly to the homeowners for the tax deed auction and buy the house and pay off the past due taxes before the auction. There is very little competition here. Yes you have to do the research but it can easily be done if you know how. I have been successful in getting several houses like this a very deep discounts from ARP. And NO I won't teach any one how to do this. This message if FYI.

If you offer the bank the full value of the note don't they have to sell it?

The best way to learn the business is to join a local real estate investment group. Then network with the other investors face to face. Go to their training sessions. 

You need to join either GOREIA or CFRI in Orlando.

The best way to GIVE the buyer their price is to negotiate SELLING FINANCING! 

I don't rely on agents to give me comps. I subscribe to http://www.realtytrac.com at $49.95 a month and I get great info including comps, loans etc.