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.
Danae Pitcher
Holiday Bookings - Busy or Bust?
11 December 2024 | 14 replies
@Andrew Steffens sounds like it’s going great so far but I do agree that pricing is key this year.
Brandon Eike
Looking to get starting with rental property investing
7 December 2024 | 13 replies
Starting small with solid fundamentals and not waiting for the "perfect" deal was key to getting started.
Deborah Wodell
How Are You Covering Down Payments & Closing Costs for Your Fix & Flip Deals?
10 December 2024 | 8 replies
The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises.
Alec Nault
STR Property Partners - Property Management Group
9 December 2024 | 15 replies
-Her split is 30% of profits whereas others are 20-25%-She requires a $500 "technology fee", but it's only a $30 amazon key-pad deadbolt.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
the key to investing in these types of deals is just like you just said.. you can lose the money and not change your lifestyle..
Itay Heled
Anyone use Furnished finder leads of individuals for an entire house?
16 December 2024 | 18 replies
For the first 2, location and amenities are key.
James D cissell
Small fish looking to get bigger
9 December 2024 | 10 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
However, it's essential to fully comprehend the terms and conditions and carefully estimate cash flow, factoring in potential market fluctuations.FHA Loan and Work History:Waiting for another year to establish a two-year work history for better FHA loan approval terms is a patient strategy.
David Martoyan
Making BRRRR truly work in 2024
17 December 2024 | 16 replies
Innovative approaches like these are key, you always have to move, adapt and think to figure out a smart approach and make it work for you in today’s market, your case is a great example.