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Write your postI am an investor in Texas and would like to know if lenders would accept a sales contract that has the language "And or Assigns". Does this language in the sales contract fall under the category "title ...
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Hey BP'ers,We have always used transactional funding for our "frontside" contracts ensuring we don't need to assign a contract or use the and/or assigns verbiage on the contract. We have always felt that it shows a st...
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- ARV $350k
- Owes $85k
- Asking retail price
- Seller will consider taking his equity in monthly installments as long as I pay off his underlying loan at closing
- Condition: good, ready to sell
- GREAT highly-desira...
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hey guys and gals,
I have a question regarding a wholesaling situation I may partake in.
I found a family that was looking for a property in a specific area with a specific number of beds and baths (we...
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im about to do my first contract assignment--can someone tell me exactly how to do it? do i put the end buyer on the contract i initially signed or do i have to draw up another contract? and do i get my money up front...
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I have an assignment to interview someone in the business or financial field for my entrepreneurship finance class. Here are the assignment details: "This assignment requires you to develop a “mini-case” about a lend...
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Hi Guys - I would appreciate if someone can answer the following question.Is it normal that Hard money lender will not consider wholesaler assignment fee as part of the purchase price?Up until now I have been doing c...
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Hey BP,
I am working on assigning a contract. Do any of you professional wholesalers require proof of funds or commitment from a Hard money / private money lender before assigning the contract?
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During a wholesale deal with a double closing would you have to use Transactional funding or Hard Money to closes the deal on the sellers side.
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So I’ve had this happen twice in a relatively short period of time and I’m a bit confused about it.The first time it stood out I went and looked at a property and I told the wholesaler I could only give X and they gui...