All Forum Posts by: Willie Morgan

@Chris Martin @J Scott ...thank you guys for the advice.  I understand the necessity of educating myself, however, I do not have a lot of extra money laying around to take a course right now.  I would love to take a class!  I explained that I am going to be able to educate myself with the help of my new friends.  I actually went to lunch today with an attorney and educated myself on the contract and addenda. I completely understand the contract and what I need to do.  I would never jump out there and do something that is legally binding without understanding the terms.  

The reason I enjoy BiggerPockets is because there is a wealth of knowledge and a bunch of people that are willing to help. I also connected with a Real estate attorney that is AWESOME! Yes, the contract was confusing, but I understand now. Tomorrow, I will be in a REIA meeting. I am meeting with a local wholesaler in about an hour. This is a continued learning process, which is awesome! I will always have questions. I really appreciate a forum that I can ask even the silly questions. Thank you guys for keeping me in line. You guys are great!

@Chris Martin.  I would first like to say thank you for your response.  I will not be paying $5.85 an hour to attend a class I don't absolutely need in order to be successful in this business.  I am thankful to the attorney and Realtor that have reached out to me and decided to help me for FREE! I offered to buy them lunch, and they respectfully declined any monetary compensation.   And it appears that a Realtor likes the idea of being able to take advantage my dead leads.  Needless to say, I have a wonderful week ahead! I love Bigger Pockets.  You guys are great!

Thanks everyone! I have a copy of the NC standard contract and it's C-O-N-F-U-S-I-N-G! I don't understand it, maybe because it is soooooo long.  My cousin is a Realtor but he is not forthcoming with information.  I managed to get some info out of him.  I will get him to myself and go over the NC contract with him.  

Hello everyone,

I am on the move! I have built a buyers list of about 15 cash buyers! I am really excited. I understand that Purchase/Sell Contracts and Assignment Contracts are different depending on the state.  The Purchase/Sell contract I found online is very confusing and I am not sure how to insert the the clause to make it assignable.  Does anyone have any contracts that are work for NC? Does anyone know of any investor friendly real estate closing attorneys in Raleigh, NC. 

I also have a question about Rehab cost.  The formula I use requires a rehab cost amount in order to effectively analyze the deal and make a fair offer.  Can someone please help me with this.  I realize that some rehab costs are generally based on personal preference.  I also realize that there are some repairs that must take place in order for the property to be up to code.  Please help! My email is blowing up with motivated cash buyers.  Time to fill my sellers bucket. Thanks everyone!

Rob Pene ... Thanks for the encouragement. Thanks Brent. I feel a lot better after reading thru the forums and after getting encouragement for you all. I know I will have some questions and I will not be nervous about asking them. Thanks a MILLION!

I feel so fortunate to get feedback and I really appreciate it guys. I did not realize that I am a member of TREIA until TODAY. I will definitely be attending the meetings from here on out.

I am nervous nervous nervous! I think my main questions are regarding the initial contract with the seller and then the assigning the contract to the buyer. I have come across some pretty wordy contracts. I definitely want my contracts to work for North Carolina. Applying the knowledge I have gained seems like it is my biggest obstacle.

@Matt Redden ...GREAT ADVICE! Greenville is not too far for me.

@Jacob A. ..I definitely appreciate the helping hand! You guys are great!!

Greetings Everyone,

I am very new to wholesaling and have not made any deals yet. I have, however, gained a wealth of knowledge regarding wholesaling via seminars and a few GREAT books. I am an extremely professional individual. I am 31 years old and I am eager to get into wholesaling. I have a wealth of resources to help build your buyers list. Also, I have access to motivated sellers. I would use this to fatten my own pockets, but I feel it is necessary to deal with industry professionals that have established a successful system. I am looking for a mentor in the Raleigh/Durham area.

What's in it for you?!?!? Well, I am willing to work for you FOR FREE! This way we won't be wasting each other's time.