All Forum Posts by: Alex Holt

@Brian Gibbons wow thanks I can't believe how helpful that information is I am currently waiting to take my test and I will be licensed in ohio. But one question that I think about is if I become licensed then I have a lot of rules to follow on that side how could I wholesale and not add to the mls? Would real estate license even be valuable at that point ? As a wholesaler 

Thx

@Tracy Caywood

Thanks I will try that way and see what happens 

@Bill Gulley thanks bill I will keep that in mind moving forward ..

@Lorenzo Gilliam thank you I am going to one today I want to see what it's all about before I start spending money on getting into the group but I am glad the advice I am getting seems like it should help 

@Mark Brogan thanks for the advice I try that in my landscape business and it seems to help me landscape jobs . 

@Michael Hayes nice story did you make a decent profit ? Also when you do a property in wholesaling if you don't double close you won't need anything to do with a title company or title services ? 

@Michael Hayesthank you would you tell me about your first deal how you got it any tips it's always good to hear those stories for help . 

got it will do my research and read more .

I do appreciate the help . Really comes in handy when you don't know where to turn 

thank you all for the knowledge I am working on building my buyers list before I send out or try and get deals . 

One question I do have for everyone is what is the typical profit for a good deal ? Bad deal ? And great deal ? 

Also real estate attorney are they expensive for wholesalers what exactly would we use them for just draw up paper work ? Can't we just have them do it once and use templates ? 

@Michael Hayes thanks I plan to go to my local reia tomorrow actually they have an event I would like to see what it is all about . 

thanks you very much great advice . If you don't mind me asking when you say inspection this is just to come up with a reason of why not to buy it if something happens because we all know inspectors come up with something . Also how long do you tell the sellers it take 10 days 30 days 60? Also earnest money usually what percentage do people want down ? Last question about the Attenory I'm a little confused on that part is that just saying I want my Attenory to look over it before I purchase the place and then find a reason not to buy property ? If so is this only a real estate Attenory ? 

Thanks in advance and thanks for pervious help this site as been a big help I come from business industry where most people won't help the next person I'm glad real estate seems to be different . 

Hello I am New to the real estate wholesaling side i was wondering What Happens If you are a Wholesaler & Get Property under Contract you can sell?

What would you put in your contract to protect you ? 

Another big question i have is with a contract do most people do a double close ? If so what happens if your credit is bad or you owe debtors or have liens or judgements against you would you not be able to put the property in your name to move ?

I have a few business partners who are asking theses questions as well so i just would like some friendly advice.

Thanks

So as i said in my title i am looking to join my local REIA but i wanted to see if it is worth it for one . And also i am wanting to get more involved in wholesales to get the capital to one day get into rehabs. But i am still a little confused on the under contract part without paying for the property . So my first question is you get the property under contract? Then what do you pay them the money if you cannot sell it in how long ? How many days is most contracts. How do you not need a real estate agent to sell the property ? I have a few people locally who send me their homes under contract and i have a small group of guys looking to invest in the right property and i just need helping connecting the dots so i can start making capital off the deals.

Thanks