Updated over 5 years ago on . Most recent reply
Wholesaling in Tennessee...
Hi again! So I wanted to see if anyone out there wholesales in the Tennessee marketplace. I have various articles and I think in Tennessee, you put in any contract that you are thinking of wholesaling, a clause that states that the contract is assignable. Am I correct in that? Just looking for someone who actually has done this in TN that could provide any guidance!! Thanks in advance BP group!
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Jay Hinrichs
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Jay Hinrichs
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#1 All Forums Contributor
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on the duplex deal builder wanted to net 300k per duplex he had 22 of them..
I told him my fee was 30k per duplex.. so that was my listing agreement 330k each 30k flat fee commission.
I took them all to the SF bay area and sold them all in one weekend.. they closed up over 60 days.. so that was a nice 660k in COMMISSION revenue for that quarter.. now I had at least 100k in expenses I had to front 50k for marketing the event.. but it worked.. I took the risk .. I mean I could have not sold any.. but the market was hot then it was 2004..
- Jay Hinrichs
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JLH Capital Partners