Omarwali Jones
Contract Vendee's a.k.a. the paper swap (anyone familar with these?)
Anybody know anything about contract vendee's? a.k.a. 'the paper swap'. I usually take notes and do research at night, and any questions I have I inquire with my father the next day. Lurking the forums hear I herd dif...
Account Closed
Assigning vs Double Closing - Seller Finding Out Assignment Fee?
I have read that if you assign an option or PSA, the orginal seller will know what you made as your assignment fee. That is why many people choose to double close when the assignment fee is high. Can someone explain h...
Tamara MacDowell
Wholesaling 1031 Tax Exchange Properties
I have under contract two different properties requesting a 1031 Exchange. Is it allowed to play “MatchMaker” aka Wholesale, by bringing the two together, assigning my interest in the transaction and collect an assign...
William MacBride
trying to clarify assignments
In an assign deal does whoever's assigning the contract to the end buyer always get the contract first and include the "or assigns" verbage when he signs?
I seem to be reading in some places where the...
Jose Falconett
Assignment/double closing profit disclosure
In what contract situation will the private seller and investor-end buyer know what a wholesalers profit will be during the closing period of a deal?I ask because I would not want to piss of a financially distressed s...
Darvin Ezell
Do i send the P&S Agreement to the buyer also?
Once I have found a buyer, do I send over the assignment contract for the to sign AND the original Purchase and Sell agreement between me and the seller? If I sent them the original Purchase and Sell agreement won't ...
Peyton LaBarbera
Do I need a proof of funds letter?
Just to make it known I am still in the research phase and I am not in the middle of a deal, remember I might be new to learning this but I am not that stupid ;)Anyways I have been doing lots of research on wholesalin...
Dylan Swinney
Taxes on assigning contracts
I am very interested in wholesaling or assigning contracts to kick off the start of my investing career. I have found a lot of information on the process but have yet to find anything on taxes. Can anyone help me out??
David Littleton
How do you hide your profit from a seller in an assignment?
When you do an assignment, how can I make sure the seller doesn't find out what you're making off of the deal?
Buddy Holmes
1031 Exchange into a wholesale assignable contract closing?
I have a wholesale deal that I would like to close with 1031 exchange funds.In the past the QI has wanted the closing docs and I am sue this one will be the same.Does the wholesalers fees or funds give any problem to ...