
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.

9 December 2024 | 9 replies
I was told when we met at the property that I would receive monetary compensation.

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!

8 December 2024 | 4 replies
However, lenders want to see the additional guarantor receive consideration in return for their guarantee.

12 December 2024 | 6 replies
Double taxation would be when you have to pay US income tax and then also Canada income tax and you don't receive a credit for your US income taxes.

19 December 2024 | 82 replies
I recently received the proceeds from my divorce, and I'm kind of like, now what.I'm a former teacher.

15 December 2024 | 8 replies
Firstly, well done for persevering and trying every avenue you thought would get you the data you needed.Most would have caved earlier and handed out there hard earned cash for old, saturated leads/records from the same prominent platforms which dump them pretty much when they receive them from either 1).the same large brokers AFTER the county has listed them on the county website or, 2). from the counties themselves directly AFTER the county has listed them on there own website, or, 3). from data scrapers on Upwork/Fiverr who scrape the data from those same platforms AFTER the counties/brokers sell those platforms the data being scraped by the freelancers.Anyway, rant aside you seem to of made the same mistake i made when I first started branching out away from providing leads to my original couple of clients i got from Upwork who wanted me to scrape data from court records in FL for pre FC leads.Simply, I didn't know where to look for the information I needed in states outside of FL.FL only allows the judicial route to foreclosure so I only needed to know/find/scrape the data from Lis Pendens documents for counties they requested.

10 December 2024 | 22 replies
Quote from @Katie Accashian: I am located in Lakewood, CO and have my property listed at market value and haven't received a single message in 2 weeks.

9 December 2024 | 1 reply
Keeping with the 4 plex scenario, State funding via MEDC pitching in 50% of that 1M (500k) once the Certificate of occupancy is received.

11 December 2024 | 29 replies
Know that if they pull an inspection and it fails, you will not receive any rent until the inspection passes.