All Forum Posts by: Jimmy C.

Do you have a copy of a state approved contract for NC?

Its probably easiest to just ask a Realtor up there, if you happen to know one personally that would be ideal.

Its not easy at all. Being a Realtor is way easier probably.

Your buyers are not using any conventional lenders. You are looking for cash buyers. Dont waste your time trying to work with financed buyers.

If they are financed at all - it has to be through a hard money lender (private lender, whatever you call it).

If you are considering bird dogging, go right ahead. I imagine you could team up with a well connected wholesaler and get paid for the leads.

However, once you locate a deal why not just run it by us! You dont have to come here and publish the address or anything. And we can help you actually wholesale the deal. Know what I'm saying?

Skip bird dogging and wholesale.

Agreed Tom. And IMO you should not ask your work what you are allowed to do.

In that situation its better to ask forgiveness than to ask for permission.

Luckily Thomasina is already a biz owner, and wont have to worry about those problems.

Short Sale and double close...

Or you can try the sub2 and L/O route, but why bother when you know that the little bit of equity that is there will probably be gone by this time next year.

You could use some of that 20k for marketing to motivated sellers. Get assignable contracts on those deals. Then market those deals to end buyers.

I agree that you should take the plunge and get a property under contract first. While you can begin working on a buyers list tomorrow morning, dont let that hold you up from finding a good deal out there.

So find a FSBO, absentee owner, Heir to an Estate, or whatever kind of private seller you can. Or you can snipe a sick REO (no marketing costs)

But once you have the right one under contract, then go to the courthouse, REIA meetings, post ads, signs, and every other form of marketing imaginable to sell before your closing date.

You will not get rich easy this way. Its hard work. Just like anything else worth doing.

Well this thread answered my questions in the other thread.

I think I will start using the MLS on my assignable contracts. I have never needed it to sell yet, but maybe I have been missing out big time.

Can you get an assignable contract and list on the MLS?

Can you imagine fielding the realtor calls?

What if you are wholesaling a deal and the seller still lives there? Will you schedule for the buyers agent to show up with their buyer and walk through the house?

Realtors may WISH that wholesaling is illegal.

And if you debate one they will usually say something like "its illegal to market a property that you dont own". Which is easily countered already in this thread.

When you have a contract to purchase you have an equitable interest. That is what keeps it legal when you are marketing the property for an end buyer.

It gets worse in REO's. In some cases, the listing agents are actually having their reps scan for advertisements. then ask you to remove your marketing on that property until after you have closed.

This has happened to me twice in the last 12 reo flips. Offline advertising sold one of them, and the other one we had to close nwith our cash (the horror!) but its got a deed restriction anyway.

sorry for the rant. trying to help

Thats great Dante. And dont forget its free to advertise your property on here too.

In fact tell us about the deal when you get a chance.