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State and Local Gotchas
John (REI) and I have been having a bit of a tangent in getting licensed pointing out some state oddities. John thought that we were going far enough into the weeds there that I should creat a new post.
If you know ...
Samuel Hopkins
Virginia Wholesaling Questions
My title company has told me that it is impossible to do a simultaneous closing using only the end-buyers’ money to fund the transaction on a wholesale deal as they say it is considered a “dry closing” and is illegal ...
Dave S.
Property under contract...Now what??
So I quickly got a property under contract (my first wholesale deal!!) and Im trying to understand what my options are at closing...WITHOUT the original seller knowing that I just sold their house for more. There is t...
Bill Gulley
Investor Notes and Loan Servicing
The topic of loan servicing came up in another thread here on BP and to more fully respond, I thought it was best to do so as a new topic.
I strongly advocate the use of a loan servicer for any installment contract o...
H J.
Contract Type for wholesale
Hello, Hope this finds everyone having a fantastic weekend. I made the following offer to a seller and she accepted:>>>>>>>>>>>> A - $75,000 in two months$35,000 down, $40,000 in tw...
Gabriel A.
Writing Business Checks With Clauses?
Every now and then, I'll receive a legitimate check in the mail with a warning that by endorsing it, I'll be agreeing to sign up for an insurance policy, a magazine subscription, or whatever else.
Anyone know about t...
Parker Mott
Can Wholesalers Double Close In Canada?
Hi BP Members and Fellow Wholesalers,I'm a wholesaler in Toronto, Canada looking to make an offer on a home very shortly. If the offer is accepted and a PSA is signed, I will eventually have to double close as the pro...
Shawn Kostoff
Buy and Hold Opportunity in Southern Maryland
Hello Bigger Pockets!I have a great cash flowing property under contract that I am wholesaling in Calvert County, MD. My assignment fee is built into the asking price. I have an APOD statement, please let me know if...
Rashard Brooks
How Do You Find Out How Much Is Owed On The House
If I find a motivated saler that still has a mortgage on the house. How exactly do I find out how much is owed on the house?
Rikera Waters
POF letter or bank (question for Investor friendly realtor)
Hey Everyone,I am a wholesaler based in NC and need advice concerning POF. I understand transaction and a bank statement will get it done, but what if a letter from a partner or private lender, but then of course as w...