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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Flint, MI
71
Votes |
270
Posts

Beware! Protect your interest wholesalers

Account Closed
  • Real Estate Agent
  • Flint, MI
Posted

Just writing this post to help and warn wholesalers and investors as well. 

I've noticed lately that a couple of investors ask about properties and when i offer to send them my list of properties after they sign and return my NCND they back away.

I have spent alot of time spinning wheels for "investors" that want your insight and list but end up trying to go around and connect with the owners to avoid paying fees. Thats not business and not the way to build good relationships. Asking a investor for POF or to sign an NCND is the only way to protect a wholesaler's interest and from WASTING precious amounts of time.

Wholesalers remember to keep your fees reasonable and seek to build long term relationships not just make quick bucks. Master your craft, perfect your skills, and always, ALWAYS be professional and reasonable when dealing with investors. But above all, PROTECT your interest and make sure you are dealing with true investors.

Just my thoughts 

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

@Phil G.  even if you have it under contract you still have no rights until you own it.  at least in most states.. not all but most.. the equitable interest stuff is just stuff.

Clarence I will NOT sign a NCND  period.. I find those that present them are usually just broker daisy chains been there done that never do it again.. Its one thing to deal with a for real company but a single proprietor it just screams wholesaler with no money.

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JLH Capital Partners

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