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19 October 2016 | 3 replies
The downside to all of this is that in order to pay for the storage, Moving of stuff twice, the motor-home (which I plan to resell), the camp rent, and down payment.
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3 August 2017 | 6 replies
Here's the law from Mass General Laws, Title XVI, Chap. 112, Section 87PP:''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate.In addition to the hazards of brokering real estate without a license, wholesalers can be sued for "fraud in the inducement" if you sign an offer to purchase without both the intent and the ability to close on the sale.The only legal way to wholesale in MA is to close on the property and then re-sell it.
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9 June 2014 | 17 replies
Your ability to resell was assured.Now we need some skin in the game for the HMLs, no hard money lender once a problem.
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18 March 2017 | 2 replies
some of those areas its a little tough to resell takes some time..
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21 January 2017 | 3 replies
@Jeffrey Jenkins,That's going to depend on why the house is vacant.REOs can be a challenge to wholesale unless you buy them from the lender and then resell them without improvements for a slim profit.Absentee owners may have multiple issues with their property such as pending foreclosure, tax sale and/or other liens.One possible niche, I suppose, might be to buy properties from rehabbers who fail if you can get the right price.Then, of course, there's always divorce and probate / estate liquidation, each of which will have its own challenges.
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9 May 2016 | 11 replies
That is my favorite way, to actually close using my own $ or private $, and then reselling.
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30 October 2016 | 3 replies
Once you rehab these multiunits will you resell or hold them in a portfolio?
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29 October 2016 | 1 reply
It would also be an issue when you go to re-sell down the road.
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9 December 2016 | 5 replies
She also got to know me and knew that I was going to take care of the home and not trying to turn around and resell for profit.
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3 August 2016 | 16 replies
My intend was to BRRR with an option to resell if I need to.