All Forum Posts by: Alex Locklear

I have a couple of houses under option that I'm trying to "wholesale" to retail buyers. There is enough of a spread that I will still make a good profit after paying a buyer's agent.

I want to know: is it legal to use a buyer's agent to try and sell someone else's house which I have an option on (equitable interest). I assume I most likely couldn't LIST the house for sale, but an agent bringing me a buyer? maybe..

Thanks in advance.

Welcome aboard my fellow Raleigh friend! :) I do believe I've seen you on WRAL...anyways, welcome again...I'm a loan officer myself working part time originating and the other half trying to do this investing thing...would love to network!!

I'd like to BUMP this topic if allowed.

That's the only thing I myself have been weary of. That's why I was trying to find anyone who's personally used it and been successful.

Dustin..I don't think there are too many note buyers out there that will take only a 10-15% discount on the note; most are taking way more than that..some even close to 50%. After reading the specifics it seems as if they can help those who couldn't otherwise get financed get approved for a home and lose only a SMALL discount on the sales price.

So in short, home owner's can get their homes sold quickly by allowing those with troubled credit to qualify and they can get almost full price minus the discount.

David...John Alexander has been around for a while it seems and is Donald Trump's real estate advisor; he's been around since the early 80's and has had much success. Just like with anything that's popular, there are both good reviews and not so good reviews; however, the bad ones seem to talk more about customer service rather than the system itself. I have yet to put this system to use or spend the $697 to buy for that matter..I just know people have built their "teams" and have enjoyed success from it.

I still would love to hear from anyone who has used the inverse purchase or the home seller assist program. Do a google search on "temporary seller financing". I'm sure you will find a lot of good stuff about it...most of which is legit.

Thanks everyone for your help and advise!!! It is greatly appreciated.

It seems all the craze today is the seller financing program, which has a note buying company that buys the note created at closing.

Everyone seems to be promoting it. I don't want to get in trouble for advertising on here, but I think the website is weprovidethecash. There do seem to be mixed reviews about John Alexander, but unless others are not telling the truth, the owner financing program seems to be working. The "inverse purchase" is just one program offered by him I believe. Not sure about the getting rich in 14 days, but I do believe the program has a little truth behind it.