All Forum Posts by: Torianne Baley

 Thank you! That actually helped!

I've been running into some trouble/challenges when it comes to being comfortable talking to sellers i.e. on initial/introductory/cold calls and sometimes in appointments/meetings

what are some tips you guys may have on this.

any links to relevant/powerful scripts may also be helpful as well (i.e. Google docs, videos)

*This is for direct to owner/off market deals #AskBP

 Thanks @Carrie Matuga! I've attached a soft estimate I received. Is this normal? Considering I currently have bad credit (dropped from a 769 to a formidable score after going in hospital) and no deals I haven't been able to receive the 100% Finanncing products from PMLs. But either way, is this a scam or legit? They look like terrible terms to me but im not sure, first time using PMLs

I have been speaking a lot with PMLs, specifically the one's that offer 100% financing LTV and LTC

My concern is that they keep asking me for a loan origination cost, which seems like a scam to me

For instance, one offered 100% financing and then once I completed the application, she asked for about $3500 for the loan origination fee. I told her to incorporate that into the loan repaid amount, and she immediately did and asked for my ID and bank statements

Now most lenders do 80% financing with a 20% down payment, which at that point, I understand why there's an upfront cost.

But if this is a 100% financing agreement, why are they asking me for anything upfront?

I heard the 100% financing community is littered with scammers and I was wondering if anyone has completed a deal successfully with a lender who offered 100% financing. 

Thanks, Katlynn! What's a good general tone/discussion when speaking with buyers to request a POF before seeing any deal details

Wholesalers! What's your first step when you find a buyer. POF request, EMD discussion, or complete assignment agreement

I have a contract pending on an On-Market property. I'm a wholesaler, so cash or Hard money buyers. However, when the agent sent over the paperwork for this deal (I.e. P&S, Disclosures), she sent a Buyer Brokerage Agreement attached for me to sign and review.

Because this is cash or a hard money purchase, I typically don't use a Broker [for the Buyer's side]. 

If this was you, would you hire the broker for your side of the deal? Is the agent necessary? What would be the benefits of utilizing the agent, if you're wholesaling? 

I know some Wholesalers use this as leverage with the agent to close the deal, but they're already interested.