Share your strategies, experiences, and tips for crafting private money deals that deliver results!

Verifying rental history often takes a long time tocomplete due to applicants not giving us correct landlord contact information, landlords not returning our callsor refusing to give us any details.We also deal with applicants trying to have family or friends pose as theirlandlords.

Hi, I am 19 and going to school for finance and real estate and have started crunching numbers as a practice to see if I can find some good deals.

While some say the handwritten look adds a certain authenticity, a well-designed sign with a clean logo could attract a different segment of sellers who may prefer dealing with someone who presents themselves professionally.

I've done these deals and we have been able to renegotiate price and terms late in the deal, all while my client's EMD is fully protected either based on an inspection period or based on lack of disclosure. 

And like said, odd's are I know them, so from there I'd reach out and ask what the deal is, why there turning a blind eye.

Here is what I learned:A great deal spread will trump any expensive lending termsYou need to be liquid, a lot more than you thinkGetting the exit you want will depend on the finishes in the house because all those ARVs you looked up had very nice finishes I'm sure. 

For wholesaling start sending mailers, cold calling, anyway you can find a deal and get it under value to sell to a flipper that will still be able to make money. 

Building relationships with experienced wholesalers can also open doors to joint ventures and off-market deals, giving you a head start in the industry.

On my new builds in Oregon that are in high demand.. buyers commish is going to be negotiated per deal.. for instance my last lot that will allow a knock out single level I am NOT offering any commission to the buyers agent I have a buyer for it.. their agent is going to list and sell their current home which is a 1.5.. and they will have to negotiate their fee with their buyer on my houses which is 850k..