Patricia Cote
Which comes first in a preforeclosure: contract or call the lender?
My first time dealing with a property that has been served lis pendens but not the final foreclosure notice. Seller agreed to let me contact their lender for payoff amount. Do I get it under contact first or call the...
Eric Clunn
Assignment Fee When Structuring Owner Financing Deal
Hello,I'm currently structuring a wholesale deal with seller financing. How do I apply my assignment fee? I was thinking out of the down payment (Increase down payment by my fee amount and reduce the purchase price ...
Patrick Britton
where is assignment fee located on final HUD-1?
hi,so I've only done assignment fees outside of closing thus far - on what line is the assignment fee stated in going through escrow and thus getting reported on the final HUD? thanks
Joseph Hernandez
How to Keep End Buyer from Disclosing my Wholesale fee to Buyer?
Hello. I'm a newbie wholesaler. I will be targeting pre-foreclosures. If my assignment fee is 30k, how can I prevent the end buyer from disclosing my assignment fee to the seller? I think it's very difficult, if not i...
Ariel Castillo
Wholesaler Fee and Hard Money Lender on a HUD Statement
Can someone share a HUD Closing(Of Course no personal info), I'm trying to compare my HUD statement. I used a Hard Money Lender with a Wholesaler. Issuing I'm having is the Assignment Fee and the money i need to bring...
Chris Kates
Experienced Wholesalers
What contract do you suggest I use, the trec 20-12, or a one pager? Or if you could suggest something that's been working for you, that would be great. Thanks, Chris K.
Patrick McCall
Wholesale processes and contracts
I am working on a system for completing my first wholesale deals and I need information about processes and paperwork. I understand how to find my prospects and how to market to them. I will have a website and profes...
Jackie F.
What are Title company fees?
As a wholesaler, assigning a contract, are there fees associated with the title company that I would have to pay.. I am a newbie obviously and just in the planning stages.. I understand cash buyers pay for the closing...
Irwin Haddox
My lawyer says wholesaling is illegal. Quote Below
"Irwin,I've spent some time thinking about your proposed business model and, also, doing some research and, taking a conservative approach, have concluded that you would be selling real estate and therefore would be ...
Ken Yu
Seller wants to keep Earnest Money upon Assignment
Hello all, I had a seller renegotiate these terms in our contract."In the event of an notification of assignment of this contract, the Earnest Money becomes non-refundable and will be immediately released to the selle...