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All Forum Posts by: Thang Nguyen

Thang Nguyen has started 12 posts and replied 35 times.

Hi all, i guess alot pp stay home because CoVid19 but there are some still active. I really want you all to gelp me with the story of mine.

Here is story between me and ended buyer.i am a wholesaler and we got the vacant lot undercontract. All the county website and mls public record say it moblie home land. And home around nothing but moblie. I putted ads on craglist( selling moblie home lot)and my buyer found me from there. She called me and come to the lot a check and like the lot and want to buy it. I also told her the lot is for moblie home.I market it at 18k she offer 16k. Then i said i call you back when I discuss with the team. Then some other wholesaler told me that he give me full price for sure and he have buyer for that, and he told me to call my buyer and say someone offer me full price already. When i called her back, she was angry and upset. She told me i am not fair cause she call me first. She told you should give me counter offer, and she ok with full price and begged me to get the lot. But i can not accept it cause i sign contract with other wholesaler for 1 days. After oneday, other wholesaler have not found any buyer so i call

Her again. She said she still interested and she will put earnest money and sign the contract. After i send the contract for her. She read that and review and ask me alot of questions about contract. Finally she put down deposit(3k). Then at the closing day, she funded money through her phone at Friday evening. I should get my money and everything ready by monday.. early Monday, she call me and told me that she call the city and city dont want to put any movlie home there( if moblie home have to be 2018 moblie home and restriction the cost like built a new houses). She said she want to back out and want all the money back. I called the title escrow agent said her fund still not funded.( when the fund is not funded the buyer have the right to let the title send the money back for her).16k. She also ask 3k earnest money back.. purchase price 18 plus closing cost 1 total 19k. So title co refund her 16k. And title said if you want to get 3 k en money you should tell the seller to sign releases form for en money. Then she call me for that. I said we can not do that cause you back out last minute. She blame me cause i told her the lot for moblie home. She doesn’t know can not put old moblie have to be new moblie home or 1600 sqf brick house. She offered me 1k instead of getting her 3k. If i dont accept it, she will sue me. And she said does not matter how much i pay i will get that money back. She keep text me alot about that.

The title company sent me that 3 k now. My question is

If she sue, who will win.

If she win who will pay the lawyer for that?

My fault is told her that lot for moblie home( in fact,the lot for new moblie home and brick house)

But She have time to read contract( she saw and checked the properties 3 days before she sign contract)

The contract have all the buy property as-is do own due dilligent...)

Post: Seller fund my rehab

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Will Barnard actually she does not have money to pay tax. I have to take care rehab cost cause she think i make more money than 10 percent. She bought the house for 195 4 years ago!

Post: Seller fund my rehab

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Alex G. I would say that strategy call hybrid deal. Cause she think i make more than what i said. She just want to make as much as she can

Post: Seller fund my rehab

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Tom S. Which mean they will

Find for the whole house 155k so i dont have do hard money. I just need money to put on rehab cost.

Post: Seller fund my rehab

Thang NguyenPosted
  • Posts 36
  • Votes 2

Seller will fund my rehab! Arv 300k. They asking 230. I offered 155k. They said that too low. Then i offer if you can fund me the rehab. I can get my profit 10 percent of arv first. Then subtract your purchase price 155, fix cost, closing, realtor fee. The rest we do 50/50. She is ok with that. The question is what kind of paper work that i need to do. I am in Dallas texas. Any idea for help me out!

Post: Bandit sign at night

Thang NguyenPosted
  • Posts 36
  • Votes 2

Hi there,

We start to do wholesale,and we have low budget .we plan to put bandits sign every Friday night. Last Friday that was scary, that was 3 am

In morning. When we put our sign then immediately the polls appear. I thought he did see us put the sign on. What will happen if the police see us to put the sign on? Will they give us a ticket. Need some thoughts and experience from other experiencer.

Post: About whole sale probate !

Thang NguyenPosted
  • Posts 36
  • Votes 2

Hi everyone! I am about to sending out letter for the probate list. I found the source from county court. I dont which time is the best time to send the letter after the open case because I afraid that the person who get will, have not had the name on the deed yet. i research from internet, and the result say the processing take about 6months to 2 years. Could any body have experience on starting propate list. Really need the advice! Thank for every help!

Post: Help me about the contract!!!

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Lydia T. Thank you so much Lydia! Your advice was help me a lot!

Post: Help me about the contract!!!

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Stanley Bronstein thank you very much! That is great advice.

Post: Help me about the contract!!!

Thang NguyenPosted
  • Posts 36
  • Votes 2

@Ned Carey thank you! I am from Texas. What i have learn is if i want to assign. On the special provisions i should write” this contract is assignable to buyers’ entities, his family, partners’ and their entities. Is that work for me! Or i really need involve with attorney to help me with contract!