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14 December 2024 | 7 replies
I’m exploring the option of selling these notes and would love to get your insights on a couple of key points:Pricing Expectations:How much of the total principal should I reasonably expect to receive when selling these notes?
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11 December 2024 | 2 replies
It's a good touch point and I follow up to make sure they received it.
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9 December 2024 | 9 replies
I was told when we met at the property that I would receive monetary compensation.
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12 December 2024 | 5 replies
If you see someone violating the rules, create a post with "@moderators," and we will receive a notification and respond.Again, welcome to BiggerPockets, and happy investing!
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10 December 2024 | 0 replies
Purchase price: $120,000 Cash invested: $40,000 Sale price: $215,000 Probate deal.Beautiful 4bd, 4ba acquired from a family looking to sell the home after receiving through an estate.
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15 December 2024 | 15 replies
That said, I have never received a charge back...knocking on wood here.
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8 December 2024 | 4 replies
However, lenders want to see the additional guarantor receive consideration in return for their guarantee.
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25 December 2024 | 60 replies
On one of my appraisals, I received $50K for the ADU, but lost $10K for not having a garage.
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12 December 2024 | 19 replies
Also, I have dealt with 6+ Chicago evictions in one building lolI have learned that if I take all these rough experiences as a badge of honor and share them like you are, each one only makes me more equipped to be a better investor.The education & experience received in 1.5 years takes some investors 10 years!
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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.