Account Closed
Property wholesale contracts and earnest money questions!
Hey, I learned recently that people need to give earnest money to buyers to close a wholesale contract deal for properties. Is it possible for me to assign contracts where I don't have to pay earnest money to the sell...
Nemi W.
Buyer backed out--Should I still be paid?
So I found a buyer for a seller (wholesaler who purchased a property). She put up a $3k non-refundable EMD. Closing was set for yesterday, 7 wks from when contract was executed.
The buyer can't close. Deposit is s...
Robert Solis
What does Buyer Pays All Closing Costs really mean?
Hi guys!It seems to me that there can be a lot of quibbling over what this means exactly. I see this phrase in wholesale advertisements all the time.I think that when an end buyer buys from a wholesaler, it is underst...
Lauren Stiver
1st HH! How do I pay back
Hey everyone!
So I have been on BP for almost a year and I finally have my first house hack under contract! It's for sure been a hot market in Kansas City! This is a 2 unit home...not a duplex, but a large ranch house...
Chelsea Peyton Robinson
Newbie heading to Colorado
Hi everyone,
Newbie here planning on moving to Colorado within the year, most likely to the Colorado Springs or Denver areas. I'm currently taking online real estate licensing courses because if I'm going to dive int...
Dan R.
Newbie investor in NYC!
Hello BP community!,I just moved to Brooklyn with the idea of investing in RE in the area. I have been doing my homework and I know NYC is probably the toughest market in the US, but still hopeful that I will find som...
Account Closed
Cash Investors in the SoCal Area; Santa Barbara
Hey BP crew! I will make this short and sweet; I am currently located in Santa Barbara, CA pursuing my REI career. I plan to start building up a nice cash buyers list so I was thinking about things to say to set me ap...
Carlos Reinoso
Investor wants me to List 5 Turn Key Properties......
Hi there. I have a situation and not sure how to proceed. It seems that an Investor that I closed a previous deal with,has asked me, as a Real Estate Agent to List 5 Turn Key Homes but he's only willing to pay 3% Comm...
Dan Rusu
Seller financing only works in an appreciating market?
Is my logic off or does seller financing only work if the market is appreciating? The sellers that I have talked to want 5 year ballons no one wants to hold a note for 20-30 years. Let’s say the market turns as many a...
Roy Benson
Re-Purchasing Property from Foreclosure Sale
BP,Yesterday I attended an auction in New Jersey and gave my card to a Real Estate investor (call him Rick) who was buying properties. I'm not in the market yet but I'm exploring with my bro-in-law. Rick purchased a...