All Forum Posts by: Tim West

I was disappointed I couldn't make the September meetup, as my wife was ill and I had to take care of the kids. I really want to get out to the next one and meet the local group, so please keep me posted once you decide the date/time/place of the October meetup. Thanks!

I am looking forward to meeting everyone. I may be a little late, but I will see you there!

Hey Cole! Glad to see more local members on here. Feel free to reach out of you need anything.

@Timothy Tooker I completely agree with the integrity, and would only put properties under contract that have the key elements required to be a good investment property, and I feel solid about being able to fulfill my commitment on. There are plenty of solid off market opportunities out there of distressed properties with motivated sellers to avoid having to chase deals that are not solid on the numbers. I am 100% up front with all sellers in what I do, who I am and what my intentions are, and my experience thus far is that the sellers appreciate the honesty, and are more than willing to have me help them. 

I can definitely see the ugly side of the business where you are taking advantage of sellers, and that has no appeal to me at all. I like it where everyone involved comes out a winner, and we all make some money in the process. after all, our reputation is all we have got at the end of the day.

However, the reason for the out clauses is to protect myself and my business in the event something does go wrong, as I am sure any wholesaler would recommend doing. There would be no hidden agenda, and the seller would be fully aware of what my intentions are and what to expect from me.

@Kyle Baxter @Timothy Tooker

Thank you both for the feedback, and yes I would certainly be looking to get the bank it's full amount. Great to know about the liens being the responsibility of the bank pre-foreclosure, as that is a huge bonus in looking at these. 

On a different note, do either of you have a standard contract you use for wholesaling properties that contain out clauses to protect in the event I can't find a buyer? Any assistance would be much appreciated!

Welcome to BP Billy! Look forward to seeing you at some of the local meetups.

I am  starting to evaluate deals in the Pierce County, WA area, and I see that there are some opportunities for houses in pre-foreclosure. When I call on some of the properties, I find that many are in trustee or power of attorney situations where someone is trying to get the property sold before it goes to auction. Are there any pitfalls I should be aware of in the State of Washington with these pre-foreclosure properties that are NOT owner occupied? Also, if a deal is secured where the bank gets their amount outstanding due, is there a lot of red tape that would create a slow closing or put the deal at risk? Just looking for some local knowledge from folks on here with experience in the Tacoma, Lakewood, Puyallup, Sumner, Bonney Lake areas. Thanks!

Welcome to BP! Glad to see more new members in the area.

I am very interested in attending your events, however my wife is going to be going into labor any day now. So, I will have to attend one of your future events, and certainly would like to be added to the notification group. Thanks!

@Jameson Sullivan

Congratulations on your graduation, and now the start of this exciting new chapter in RE Investing! I am new to the REI business as well, and will be wholesaling in Puyallup, WA. I welcome the opportunity to connect and network, and let me know if you would like to be put on my buyers list to be notified of properties I find at deeply discounted prices. I look forward to seeing you around!