All Forum Posts by: Tammy Theiss

Yeah because I really wanted to put the time into. I want to pull a pre-tite search,the person who will be doing my title search is also the person who will be doing my title closings. I already have a appraiser set up who also covers the market analagy of the houses around the main house being looked at. Then also less accurate I am going to pull the public file on line for other info. I plan on setting one of these files up for every property I get involved with. I know other wholesalers who go in and do the math and thats it but I want to build a relationship with my investors.

No.1 the person who taught the real estate class was also a realtor and sat on a lot of community boards, he was a very important man. No 2 I understand where you are coming from do not get me wrong however have you looked at the wholesaling stuff on here, almost all of it is designed for people who do not have the desire to buy the property yet it is designed to set up for a investor. There is nothing wrong with being a finder as long as you do your homework.When they give you the free e-book on here read up through the wholesaling part you will see where I am getting my knowledge.

I put this on here like this because I was actually getting a lot more feed back over here than I was when I was listing seperate, I am just getting a bit anxious.

Here where I am at getting a license can hinder you if you step into flipping/rehabbing. I did take a real estate class and chose not to take the license because we were advised that it could hinder a flipper. I eventually want to get into flipping but I wanted my own money to start with so I would not have to deal with loans/investors and such so I was advised to start in wholesaling til I had enough put up to get my first flip.n This is actually a huge thing where I am at, however like you so kindly stated you have to be careful where peoples lively hood is at stake, that is why I am overly questioning so I can be for sure of what I am doing. thankyou.

 Can any one help with any of these questions?

Is there a way to wholesale a property that the bank owns?

Is there a time time limit once I wholesale a property o get it turned over to a investor?

If the persons property is already going up for foreclosure how do I keep it from going

full foreclosure before I get it to a investor?

Where is the best place to find pre foreclosures?

Where is the best place to find investors?

I hope these questions do not push your patients, I feel like after I know this I can set up investors

and find pre foreclosures and get started. I have set up a appraiser who also does market analogies.

I have set up a pre title searcher who also does title closings and has worked with wholesalers before, she is also familiar with the double contract. I have also been putting feelers out to every realestate and loan person that I have spoke with to see if any of them know investors. I do have one investor set up but they are very limited ,like they only do this every once in a while. Thanks for your time I will be looking forward to your reply.TTHEISS

o.k. I am knew to this I am trying to become a wholesaler and that is why I am asking questions now. It is to my understanding that a wholesaler finds someone that is in preforeclosure and sets up a re-assign contract and then finds a investor. Now in retrospect I am trying to line up my investors before I ever get started but however, I also want to know if  I get caught in a situation where I can not find a investor who wants it I want to be able to cover my self as well. It would not be the intention going in to cause any harm to the seller. But please if you think you have info that will help me by all means, share.

How much generally are the closing cost? Do you come out ahead doing a double contract if you are the one covering the closing cost?

If I get a preforeclosure and for some reason do not find a investor to pick it up how to I come out of it?

Yes this helps alot. I am so excited to get started I can not wait.