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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.
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17 December 2024 | 7 replies
I just finished my first old Victorian style home flip.
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12 December 2024 | 1 reply
For most of their existence Fannie and Freddie were privatized.
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26 December 2024 | 18 replies
Our private money lender on this flip was very reasonable through this whole process, as we had to navigate many gray areas and difficult decisions.
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30 December 2024 | 819 replies
I know that style and tenants will eat that top, drawers, and doors for breakfast.
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18 December 2024 | 3 replies
You should be able to get a good feel for their teaching style by checking out social content and youtube videos. 3) Need to be willing and able to give you their time.
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16 December 2024 | 3 replies
They could have particular styles or things that they specialize in and wholesale the rest.
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11 December 2024 | 7 replies
.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?
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22 December 2024 | 21 replies
Have lots of property and private lending opportunities in Nova Scotia what types of projects are you looking for?
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11 December 2024 | 12 replies
But maybe its worth it if you don't have a place to get hard/private money for deals.