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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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14 December 2024 | 13 replies
Apologize if these questions are vague, I am quite new to this.Happy to provide some of the data I have found thus far (though data online is scarce given the size of the town).Thanks!
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12 December 2024 | 10 replies
Been getting nowhere with zoning laws found online and in the local library for Yonkers (in westchester county) as to whether any permits are needed in order to operate such a business.
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12 December 2024 | 6 replies
Market conditions also play a role, including the availability of contractors, appraisers, and lenders.
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9 December 2024 | 9 replies
Quote from @Devin James: Quote from @Justin Stamper: land entitlement is a great move in florida. just gotta have deep pockets to play!
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11 December 2024 | 12 replies
There are so many online hard money lenders.
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17 December 2024 | 17 replies
I think there's a fair amount of play in the budget for what needs to be done.
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15 December 2024 | 8 replies
Search for this in a Michigan Public Notice legal newspaper or an online legal notice aggregator site like USALEGALNOTICES and the fount of MI pre FC/FC data will be available to you.
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12 December 2024 | 13 replies
https://www.biggerpockets.com/forums/93/topics/67638-where-to-find-wholesale-contracts-online
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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.