27 March 2017 | 27 replies
there can be major repercussions messing with folks title. and if your going to sue for performance which is what you basically are wanting to do once you have a valid contract. then you must also on the day of closing put 100% of the cash into escrow and leave it there as you go through the court system.. this is where the wholesalers fall down usually.. they don't have 100% of the purchase price liquid and can't leave it in escrow for a year or two.. so when the close date comes and goes and no cash is in escrow the purchase contract is no void and the cloud on title sunsets..
16 March 2017 | 9 replies
Otherwise listing it on the MLS is going to cost to 3-6% on your income on both ends.Zillow and Trulia work perfectly fine and cost nothing if you wish to easily market your deal.Get an assignable Purchase & Sale signed...Open title...Then market...As a wholesaler, I can tell you the only money you NEED is marketing liquidity and VERY few lenders are going to give you money for overhead.
17 April 2019 | 27 replies
I need access to cash because even though we have a lot of assets, we aren't particularly liquid.
16 March 2017 | 10 replies
I will send you a message with the people I trust for mortgage lending and a R/E agent (@Sam Steadman).Take care,Mike
8 February 2018 | 17 replies
@Michele Sidney @Donnell Jackson @Leslie Brown @Robert E.
17 March 2017 | 10 replies
This was advantageous because I could put down less liquid capital.
29 March 2017 | 9 replies
What I'm not sure about is if we can extend the new leases immediately (if tenants are good and if they are willing to) or if we have to wait until the current lease period expires and then potentially extend them for another year.
14 March 2017 | 4 replies
Since leaving Walmart I have started an e-commerce business that I hope to run in tandem with REI.