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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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17 December 2024 | 16 replies
Innovative approaches like these are key, you always have to move, adapt and think to figure out a smart approach and make it work for you in today’s market, your case is a great example.
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11 December 2024 | 3 replies
It's true that many buyers rely on some kind of financing, so understanding their funding process is key.
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14 December 2024 | 101 replies
I believe many contract out to the same sales company to deliver there pitches.
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13 December 2024 | 7 replies
That’s the key benefit.As for the cost segregation study, whether or not it makes sense really depends on your tax situation.
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10 December 2024 | 10 replies
What is your price range (or down payment range) and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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14 December 2024 | 22 replies
Key Info:Saturday, March 4th from 9 a.m. to 4 p.m.4353 Tilly Mill Rd, Atlanta, GA 30060Tickets on sale hereIf you can't make this or would like to hear about future in-person or zoom classes - let me know here.
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12 December 2024 | 6 replies
@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.
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16 December 2024 | 18 replies
For the first 2, location and amenities are key.
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11 December 2024 | 5 replies
In general, if you get the keys from her, she has legally vacated the apartment.