
17 October 2011 | 7 replies
Thanks for airing out your feelings on being basically "afraid" to just start wholesaling.

12 October 2011 | 8 replies
They basically have to charge the same fees to everyone.

12 November 2011 | 5 replies
If I'm ever in that position again, I will require earnest money before anything beyond basic documents are provided.If you want, send me a PM with the name of who it was - I'm curious if one of them was the same guy I dealt with.

13 October 2011 | 2 replies
Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

14 March 2013 | 12 replies
I basically set an interest rate or preferred return on their money, usually 7-8% paid monthly.
14 October 2011 | 2 replies
What is represented now is basically the depletion of reserves.

15 October 2011 | 10 replies
Make friends with a title officer and they will give you access to systems that let's you pull any document you want.If you have MLS access, the ones in California come with a First American product called Realist that gives you basic ownership info for free.

15 October 2011 | 2 replies
After 15 days or so I realized I had overestimated the value of the property and basically told him that the investors I work with didn't think it was worth the price I was offering.

17 October 2011 | 5 replies
Next you either wholesale it which involves marketing, finding buyers, closing...all while trying to make a modest profit.Or you could rehab and resell it which involves properly setting your budget, knowing the market to determine exact repairs/finishes to make, lining up contractors, managing your budget, managing your contractors, managing your schedule to minimize your holding costs, finding an end buyer, with 100+ other tasks mixed in.Your comment about planning is dead on.

21 June 2012 | 51 replies
My rent basically covers his taxes and insurance plus a little, so still don't know if he has paid it off.This summer, I made an agreement (over txt, almost as bad as handshake) with him to pay 1/2 rent each month until I could repay the back rent in full, all at once.