All Forum Posts by: Alex Locklear

So lender's don't pay on any kind of assignment? I was under the impression that on wholesale deals that the title company pays you your fee.

I need to build up my cash flow before I do any of that. I'm still working on my first wholesale deal...don't have much $ in the reserves department. Have you done this before? Do you think it's a good alternative?

Glen thanks so much for the great information.

When you say your students put out 25-50 signs, you do mean bandit signs correct? Do you think it's okay to make "home made" bandit signs or should I buy them to look more professional?

Thanks again.

I know this is probably not the best idea and not wholesaling, but has anyone found a motivated seller, who's property didn't have enough equity to sell to an investor, but was a good one to try and help sell?

I have someone who is looking to relocate, and they don't have 30% equity, but do have some. Can I get their house sold for them, not charge them anything, and make money on it?

In other words: Can I put the home under contract for say 100K, market the house/ find a buyer who will pay say 107K, and be done and everyone be happy? Seller gets out of home and doesn't have to pay any fees, buyer gets the house, and I get paid.

Thanks

Thanks Jon, I'll keep you posted as to what happens with this one; going to look at the place tomorrow.

Is there anyway to market this as both a wholesale and retail? Meaning can I somehow market at retail for higher and wholesale cheaper.

Thanks

What's the best special provision to add to a contract? I've heard of the 30 day inspection period, contingent on loan approval, etc.

What's the best and most held up clause out there? Can I type this into a contract to make it look more professional than simply writing out?

Thanks

I hope the house can be sold within 30 days as a retail...do you suppose since the house has lots of equity, that it will help sell faster?

I have a motivated seller who is looking to relocate; wants to sell her place for 75K --no repairs are needed and it's move in ready and the value is right at $111K.

Should I try to wholesale this to an investor or should I try and retail it and make even more? First potential deal.

-Thanks

The seller is willing to do temporary financing..with temporary financing, the seller does not have to hold the note and accept payments over time. In a simultaneous transaction, the seller will sell that newly created mortgage note right at the closing table..

So I was wondering if this was still possible even though I'm going to be assigning the contract.

Is it possible to put a property under contract, find an end buyer and allow them to purchase the property with temporary owner financing?

Thanks.