Joshua Carvalho
Do I need earnest money to get a contract for expensive homes in California?
I'm a new wholesaler in Pasadena, CA. Houses here have a median retail value of $600k-$700k. When I hear podcasts, read books, articles, etc. I learn that as a wholesaler I don't need any money to put down in order to...
Andrew Ramler
Using my license to put less down?
Hey folks,
I am about to put an offer on an off market fourplex in Dallas. I have my real estate license and I am thinking that once we come to a agreed purchase price I will ask if he will raise the price...
Nikki Kofkin
Deal didn't appraise, twice. Would you cancel this contract?
Hey everyone, I could really use some advice on a deal I have under contract. It's a massive rehabbed 4-unit building in Marquette Park in Chicago. Currently under contract for $451,000 but has appraised at $400k and ...
Francisco Milan
Real Estate Agent Services Postcards
Hello Guys, I had an account already but couldnt recover my password so just did a new one. Want to ask those who have experience with postcards, do you guys have a better response when you send out your postcards wit...
Marcin Dymczyk
Wholesaling contracts NY
I have a few houses and phone numbers lined up to call. Before I do I need contracts! I can't find any and I surely don't want to meet an attorney and pay for the visit and contracts. Can someone please guide me where...
Shequann Burrwell
wholesaling a wholesale
Is it possible to wholesale a home already under contract by basicly contracting the contract already in place? I ask this because I have other wholesalers with homes already under contract and I might have the invest...
Kyle Clabby
Owner Financed Apartment Building
I have a seller of a 3-unit that is open to owner financing but is a little hesitant because they got burned in the past from a previous type of deal. In the past they did a similar kind of deal but the person they ow...
Tommy R
Is it required to give a certain amount of earnest money per contract?
And if it's not required, what % of the time would you say that you do give an earnest money deposit?
Also, can I have a provision on my contract that says "If left blank, then no earnest money is due" or something t...
Brandon Pain
Funding a 6 unit multifamily
I have an opportunity to purchase a 6 unit multifamily, and I would like to buy and hold.PP 130kRenovations est. 50k?ARV est. 250kOne unit is renovated and rented for 700/month.The other 5 need to be rehabbed.Gross r...
Ayodeji Kuponiyi
Potential Deal? Smart People Please Chime In
Found an 8 unit apartment. They're asking $515,909. Cap Rate is10.93. Total monthly Income is: $6,380 & $$76,560/yearThis is my analysis:I used conservative numbers such as 30% financing and estimated 55 expenses....