Sushil Sureka
Lender insurance on note purchase?
We are looking to purchase a real estate note. The note is being sold by the original seller who owner -financed the sale. The buyer did not get the title insurance (not sure why) . The original seller/lender do have ...
Charlie Murray
Financing Property for Newbies
I found a small foreclosed house in Savannah, GA for about 30 percent of retail. It is a solidly middle class neighborhood. My goal is to wholesale it. Will private lenders help a newbie?
Daniel Hart
What's the best way to take a deposit on a wholesale deal?
Hi, I just got a property under contract that I intend to assign. I'm not sure what to do about collecting a deposit from an end buyer.
What's the standard way to take a deposit from a buyer who I intend to assign...
Chris Adams
Assignment of Rents agreement question
Closing a loan in a few days and as usual there is a Assignment of rents agreement. But this sentence, which I see in every assignment of rents agreement, pisses me off.
LENDER'S RIGHT TO RECEIVE AND COLLEC...
Jean T.
Assigning contract-going badly!
I'm in escrow on a property. I removed all contingencies and my loan fell out the next day! Seller wanted to cancel escrow at that point. Don't want to lose this deal! I immediately found new buyers and assigned contr...
Michael Speight
I am wholesaling and I have a buyer who’s using an fha or conventional loan to buy.
Will I be able to assign my contract to this buyer who is trying to purchase the house using an fha or conventional loan? If not what other options do I have? I currently don’t have the funds to double close.
Jesse LeBlanc
When do Wholesalers use a Transactional Lender on a double close?
When do Wholesalers use Transactional Funding in
North Carolina?
Over the years, I have seen a handful of scenarios where Wholesalers have reached out to a Transactional Lender to fund their double closing. Some w...
Chris T.
HML's: Assign or Double Close?
If I have a house under contract and want to sell to a person who is using a HML, can I assign the contract or would I have to double close?
Mustafa Abdulali
Need help understanding a wholesale deal
I came across an ad that a wholesaler put up for a 3/2 in my target area. He originally wanted an all cash deal but I told him I could not do that but would be willing to finance (I'm already pre-approved). This pro...
Val Simpson
Who owns this property given this situation?!
My father and my uncle purchased a property (property A), for which they took out a "private loan". The "private lender" put a "lean" on a property my uncle owned free and clear (property B). After some time, the "fre...