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19 October 2014 | 7 replies
Some title companies allow "double-closings" but some don't.Because you are not buying the property, but facilitating the sale to a third party, you are effectively conducting business as a Real Estate Associate, which in this state is illegal without a license.
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26 June 2016 | 4 replies
Perhaps you could recommend any investors that could facilitate this transaction.For the past three years I've successfully studied & been involved with over 400 various industries as a designer & marketing consultant.Currently, everywhere you look people are buying and flipping real estate.It seems everyone is buying a home, fixing it up a little, and selling it almost immediately for a sizeable profit.We read about it in newspapers, online, and there were even television shows based on flipping houses.The flipping real estate business model works great.But here’s the good news for you . . .that same business model works in many other areas.You can flip non real estate assets just as easily, maybe easier than flipping houses.You can also use leveraged buy out techniques to alternatively buy & hold already existing businesses similar to properties also.Through the use of transactional funding I've realized that I could borrow a $250,000 swing loan from a bank, give that to the seller in morning.That would make the business mine.Then in the afternoon I could take all the assets that are in the business that I just bought and raise $360,000 (80% of $440,0000) the same day from an asset-based lender.Then I could take $250,000 of the $360,000 and instantly repay the transactional loan.Then, I'll have a $110,000 cash windfall in my bank account, which I could now use to run the business and pay myself a big bonus.The double escrow basically enables someone to do this: I never touch the $250,000 of the down payment monies put into escrow by the lender.The asset-based lender never hands methe $360,000 check.
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23 June 2019 | 2 replies
You sell yours, THE PROCEEDS ARE HELD BY A THIRD PARTY FACILITATOR, you find another property and they pay the money for the REPLACEMENT property.
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1 March 2021 | 6 replies
Owners who are out of state or do not have time to find and facilitate repair requests from tenants.
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27 March 2015 | 10 replies
If you don't have money, you can't fight nor can you defend nor can you collect nor can you justify your position as some facilitator without a license.
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29 June 2014 | 15 replies
Do they really not know about wholesaling or are there severe risks that they don't even want to facilitate the transaction?
3 October 2017 | 27 replies
How about a double close, you are actually BUYING the property, not facilitating a sale, regardless of what you do with it after you make the purchase.
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8 January 2015 | 42 replies
The value added by a WS straw man is long standing, it is what is generally accepted for like transactions, in RE and WS deals, that boils down to a RE commission for facilitating the transaction from a seller to a buyer.
6 March 2014 | 13 replies
You'll avoid much of this if you know your buyers first then find what they want, use an option, assign the option for your fee and get out of the deal having the seller contract with the real buyer.Going the other way, you can be liable for various aspects, specific performance, taking a property off the market and or dealing fraudulently, misrepresentations that can take you into all kinds of losses suffered by a seller.This strategy is good to understand as you can facilitate a deal from time to time, but doing it as a business when that's all you do you can have issues with a real estate commission facilitating sales without a license.
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25 April 2014 | 6 replies
Some banks and STATES require a real estate agent to be involved facilitating the short sale, so you might want to investigate that.