Timothy Franklin
Clarifying the wholesale transaction
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.
Sol Baum
Re: Brokers client list
5 December 2024 | 7 replies
Was there a referral agreement signed at any point for this party?
Chris Seveney
Note Investing: Like Watching a Jerry Springer Episode Unfold
7 December 2024 | 18 replies
Are both parties represented by legal counsel?
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
To the most part, I have nice houses in C to B plus areas.
Tom Pappas
Future Housing: An Analysis of Container Home Senior Housing
19 December 2024 | 8 replies
Since the home health is provided by a third party, the community does not need to be licensed as a care facility, so costs related to regulatory compliance with inspections and staffing are facilities are not added to the cost of care.
Richard Eilenberger
Sheriffs Auction Cuyahoga County Ohio
7 December 2024 | 6 replies
Some cities use city employees, some use third parties, some require exterior PoS only (Maple Heights is one of these), some do exterior and interior, while some require exterior and offer interior.
Andres Felipe Alba Hernandez
Can convenants of the neigborhood restrict STR? on Single Family Home NO hoa
12 December 2024 | 6 replies
The tenants threw a party and neighbors called it in and now he is dealing with the City on how to address this.What we think should and shouldn't be enforceable isn't relevant.
Joe S.
What are your thoughts about Prenuptial agreements?
6 December 2024 | 51 replies
A prenup is valid if it's entered into with full and fair disclosure of all assets by both parties, and if it protects both parties.
Mike Miller
Any Cloud Brokerages that Do Not Require You to Join a MLS?
14 December 2024 | 36 replies
The majority of Buyers search 3rd party listing services which also provide listing agent contact info.
Lorraine Hadden
Wisdom of Great investors - Quote
9 December 2024 | 3 replies
The hard part is actually remaining disciplined to manage that emotion and not losing that conviction when it does get ugly.