Nicole Diaz
Commercial property purchase agreement
14 November 2014 | 1 reply
Further, if they back out for any reason once they sign the Assignment, you need a way to get the contract back in your name so you have a chance to resell it.Stay with the transaction all the way through closing.
Chris B.
Vacant mobile home should I rent it?
18 July 2016 | 4 replies
If the buyers can not keep the note current, you foreclose (much easier with most MH in most states) then fix it up again and resell it again.
Wayne Yates
Serious question - Rent, or live in an RV?
26 April 2017 | 61 replies
Plus, you can re-sell it if/when you want to.
Nicole Cotrino
Normal for a turnkey provider to limit discussion to 15 min?
30 June 2016 | 33 replies
I know many investors and re sellers that never met a house they did not like :)...
Rick Camacho
Problem Tenant
10 July 2016 | 19 replies
She wants the problem gone.Getting rid of the guy is key to unlocking more value to the property when you resell.
Mauricio Ramos
Develop a Mobile Home Park Community in San Antonio TX?
23 August 2017 | 16 replies
Then would I need to purchase new homes then resell to renters?
Heather Johnston
Morris Invest - Update and/or Alternatives?
20 October 2023 | 47 replies
They were listed as the "buyer" and then many times within 1 day later (or the same day) would resell the exact same property for 20-50k more.
David Weiss
Sub2 + Wrap = Good Idea?
16 May 2013 | 26 replies
If the buyer defaults you can foreclose, rehab and resell or return title to the original owner, with reselling being preferable both ethically and financially (carry the costs and sell the house twice, doubling the DP's and extending the passive).There are obviously several legal considerations, but the potential mentor's partner is an experienced and highly regarded RE attorney so I feel comfortable there.Lastly, the potential mentor doesn't want any payment up front.
Jon Acosta
"Subject To" Purchase from a Motivated Seller (HUD Home)
26 June 2015 | 4 replies
@Jon AcostaLike Wayne said, it matters who the mortgage is, what the balances are, what the interest-rate is, whether or not it's fixed for an ARM, etcIf it's low equity then you can look at lease-option assignment or a subject to or some kind a wraparound mortgage or installment land contractOn a sub to or wrap or ILC, you have a due on sale possibility so I would recommend that you resell it for cash as soon as you buy it.
Manuel A.
A perspective for beginners
7 January 2012 | 5 replies
I have always thought that wholesaling for most investors was a byproduct of their lack of understanding how to find the funds to purchase, rehab and resell.