Andrea Tapp
Talking about contract terms when planning to assign the contract
1 January 2016 | 25 replies
I know in Oklahoma you have some kind of land contract or contract for deed that allows you to buy the property with low down and get on some kind of titleNow your exit strategy can be to rent it out or to resell it for cashAnother strategy is to buy it subject to or subject to existing financing, or you leave the financing in place and get the DeedDodd Frank and Safe Act do not apply because it is an investor to investor transactionYou can also look at lease-option assignments where you enter into a lease option and then sell your contract for a fee which is brokering the contractOklahoma City I really enjoy; a great marketplace because of the rent that you can get compared to the fair market value of the houseIf you want to win at real estate I would get a real estate license and find a broker that will allow you to do creative transactions, which include Wholesaling, and Creative financing as a principal buyerI have written extensively about "how to talk to Sellers" at BiggerPockets for the last eight years or soGoogle "Brian Gibbons negotiating with sellers"Happy new year and good luck!
Mina Summers
Can I still buy from wholesalers if I'm signed with a realtor?
14 January 2016 | 12 replies
would my agent be entitled to a commission if I buy privately off of Craigslist)--It sounds like #4 would be the best "win win" for everyone, but I have never heard of a wholesaler willing to pay an agent (without building in the cost ie: charging me a lot more).... have any of you?
Taylor Silker
My first deal. In a bind!
3 August 2017 | 35 replies
If you keep the house 6 months and it becomes self supporting and hits your target as far as cash flow ( you set that goal not just accept what it decides to pay you) than its a win for as long as it's self supporting and cash flowing.
TD Wolf
Sell flip at a loss or turn it into a rental?
17 November 2017 | 28 replies
Whichever number is higher (assuming risks are the same...the whole bird in the hand, 2 in the bush), that would be the logical solution.You cant win on every fix/flip, that's the game.
David Olson
What would you ask a wholesaler?
23 January 2018 | 26 replies
So I was at a recent REI event and I ended up winning a free 1hr mentor session this upcoming Friday with the co-founder and managing partner of a large wholesaler.
Ken Rishel
Largest RTO Company Shut Down in Wisconsin
21 February 2022 | 22 replies
A seller cannot dictate credit guidelines to a lender, and the lender needs written guidelines and credit matrix and their own process for discovering the credit worthiness of any applicant.
Aisha Duff
Buying a Property that has unpermitted work
15 December 2022 | 3 replies
That community had a rental registration program which was when it was discovered.
Joey Hansell
How do I decline these people? HUGE lies on the application.
31 August 2015 | 11 replies
Plus the landlord said he discovered they were hiding a dog (golden retriever) there exactly 1 week ago, but suspects the dog has been there for years.
JP Bonner
phoenix beginner
3 February 2015 | 15 replies
Hi there, discovered this forum last night and found it amazing.
Scott Schaecher
Structuring conventional financing with a 50/50 business partner?
22 April 2017 | 8 replies
Seemed easier that way to be able to close quickly (which I just discovered that some sellers may be willing to give an even better deal if you can close quickly!