All Forum Posts by: Taylor Dove

Thank you both for the feedback! Helps tremendously!! @Account Closed

Hey there BP! 

I have a seller in north Florida who’s family member passed away about 5hrs away in South Florida. He doesn’t want to deal with going down, fixing it up and listing it. 

The property is vacant, paid off, lake front, and over 1000 of Living sq ft.

My question is, for me to send the address to investors in that area.. Would I need to have the contract already signed, with the seller, to protect myself from that investor going behind my back and making the deal with the seller? 

I’m trying to figure out a way to get an understanding of how much work the property needs, I’m just not sure the best route. 

Should I order an inspection of the property before I make an offer? 

Looking for a bit of guidance! 

Thanks! 

@Brandon Krieg Thank you!!

Whats up BP, I have a contract with a seller and it is my first time officially going through this process. My question is once i assign the contract for say 5k more than than my contract with the seller, how do i get the money? I'm thinking I'll get it from the title company after close? But I'm not sure...

Also when i reassign the contract is there anything i need to put in it to cover me in the backend.... aka to make sure I get paid?

Hello BP! I am 22 and I am not currently in a position to traditional finance through a bank. So, over the past year and a half I've been looking on and off market for potential properties (residential and commercial) that fall in the category of owner financing. Ive made dozens of offers but I have just not found that right property as of yet!

Over the past year and a half I've also networked with a lot of real estate professionals, one of which lead me to these commercial units where the owner is willing to finance. He is asking 285,000(OBO) for each building, wants to sell both.

Each building has an upstairs unit and a down stairs unit. Top is 1300sqft, bottom is 1000sqft.

I also have a tenant that would like to own about 25% of the deal and have the top floor office space.

My question is, how do I structure this deal to be a win win for all parties involved? 

I'd really appreciate any response or advice on structuring a deal like this one!

Thanks, Taylor 

@Jay Hinrichs thanks for the feedback! I listened to your podcast and really enjoyed it, I know you got licensed at 18. Is going the realtor path what you'd recommend doing? Considering my long term goal is buy and hold multifamily. Getting my broker license would open a lot more doors as well. 

Real estate for me isn’t some get rich quick guru scheme. It’s career path and a lifestyle choice, I’m in it for the long haul and won’t stop till I create an empire to last generations. Thanks again for your input, look forward to talking more.  

@Michael Guzik I really appreciate those words of encouragement and support. Can’t tell you how much that means, thanks for your input. Which ever path I take, I won’t stop till I create the lifestyle of my dreams through real estate. Thanks again for the response! 

@John Thedford are you asking how I’m acquiring leads or how I go about assigning contracts? 

If the right deal comes across my desk then I would absolutely purchase it for a rental property. Buy and hold is my main goal going forward, wholesaling is to get the cash necessary to purchase my first rental.  

What are your thoughts on becoming a realtor? 

@Chrissy Parsons thanks for the response! I have sent out a few hundred mailers. Mainly of properties with specific code violations. Are you saying that brokers have the access to absentee homeowners w/ equity and FSS? 

Is there any websites I could use to find that info on my own? 

Hello BP, I've been committed to real estate and creating my wholesale company for well over a year now. I have got my website ranked in top of google (doesn't mean much), I've created connections and networked within my local market (Tallahassee FL) attracting both cash buyers and motivated sellers. I have come really close to closing on a couple of deals, just to have them fall apart last minute.

My question for you all is, should I continue on the wholesaling path or just get my realtor license and sell houses & create connections that way? Im good at selling and with people skills but I don't like the stereotype that comes with wholesaling. I feel like I could really succeed at being a realtor but I don't want to just quit on wholesaling when I have invested so much time and resources to it.

Thoughts?