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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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10 December 2024 | 6 replies
Not sure the extent but f the damage yet but the few things she told me about will go beyond the security deposit.
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9 December 2024 | 5 replies
I understand in NJ, landlord is not collect to charge pet security deposit.
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12 December 2024 | 2 replies
Centralized Document Storage with Access ControlHave a secure, centralized system to store, organize, and share all company documents (e.g., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.
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10 December 2024 | 6 replies
I’ve worked with investors in similar markets (Providence and neighboring areas) and have seen first-hand how house hacking can be a game-changer.. even in today’s fluctuating market.A friend of mine recently purchased a three-unit property in New Bedford, MA, just a stone’s throw from where you’re looking.
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13 December 2024 | 6 replies
Secured creditors in order to take the property are to put in a motion to lift the stay.
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11 December 2024 | 6 replies
Could you advise where investors typically secure financing for similar land purchases?
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13 December 2024 | 11 replies
If they don't you personal financial situation plays a bigger part in securing a loan.
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10 December 2024 | 0 replies
Or even missing out on securing a better deal, higher price, or greater return but did not do so, often due to a lack of negotiation or oversight.
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10 December 2024 | 39 replies
If some other dude wanted to run this business it sounds like they could just buy a mobile home on a similar plot of land for like $200,000 and throw up $40,000 worth of sheds and the like.