Richard Clark
Newbie Questions about Proof of Funds
When a wholesaler puts a property under funds, do they have to have proof of funds? How can they if they don’t know who from their buyer’s list (if anyone) will purchase the property. (If I had the funds, I’d just buy...
Dave McEvoy
Who pays attorney's in NY?
I have a potential deal in place to wholesale a property in NY. My attorney stated that end buyers use their own attorney's and that I would have to pay out of pocket for my attorney plus title search if the buyer doe...
Michelo Pierre
Wholesaling novice
Hello I am new to the idea of wholesaling and real estate. I have been searching around my neighborhood and found a few REO properties close to me. my question is can I successfully wholesale any of these propertie...
Michael Evans
Who's buying wholesale properties without seeing the contract?
My business partner and I have been trying all week to purchase our first investment property since 2005, and we have run into a strange problem: Wholesalers want to assign their contracts to us, but they don't want s...
Account Closed
Closing the deal
So far I've found my deals on the MlS. With that party over for now, I'm turning to direct marketing for the first time. I read a statement here a while back where someone said about a newbie "even if they got the ...
Daniel Hart
What can/can't I legally say about a neighborhood to a prospective buyer?
I'm not a licensed agent. I'm receiving a lot of calls about a property I am trying to assign, but many are asking about the neighborhood. They are asking about schools, crime, etc.
I'd like to give them my opini...
Dusty Ackerman
Temp working tenants
Hello BP,Just wanted to run this by a few of you landlords who have had some experience in the game.What are you thoughts on Temp workers or Temp to hire working tenants? When screening a tenant and you see they are w...
George P.
How do you overcome this obstacle when wholesaling a property?
Ok, so we had to close on a deal that was meant to be a contract assignment. Here are the numbers:
ARV 110k
Repairs 20-25k
Rent 950-1000
Originally asking 35k
Bought for 20k, had to repair the back extension (mechanic...
Account Closed
IL, License risk working with wholesalers?
Are you putting your license at risk working with unlicensed wholesalers?I am under the impression in IL 95% or more of wholesalers are unlicensed, and could be sanctioned by the OBRE. What is less clear is potential ...
Bob Stein
How to deal with partnership
Hi, all. I recently inherited a rental property with other heirs. The deed is listed in the name of us all as tenants-in-common. How is such a thing managed? Who's name is the rent paid to? How do we deal with disagre...