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All Forum Posts by: Anan Smith

Anan Smith has started 5 posts and replied 30 times.

Post: Earnest Money as a Wholesaler

Anan SmithPosted
  • Investor
  • Posts 31
  • Votes 13

@Steve Morris yes, new to the game. 

Post: Earnest Money as a Wholesaler

Anan SmithPosted
  • Investor
  • Posts 31
  • Votes 13

Hi! I’m wondering how you experienced wholesalers structure your inspection period and earnest money deposit in your contracts. 

Do you put a small amount (for example $100) in escrow when you and the seller sign the purchase and sale agreement and then after the inspection (and when you’ve found an end buyer) you have the end buyer put a larger emd in escrow? At the end do you get your initial $100 returned at closing? 

How long of an inspection period do you shoot for? 

@Jose Brandao thanks for this info. Good stuff.

@Philip Sparks Thanks for this post.

@Christopher Sandoval thanks for posting this. Great information.

Post: Investing in Puerto Rico

Anan SmithPosted
  • Investor
  • Posts 31
  • Votes 13

@Zack Giarrizzo great info here. Thanks for posting.

@Gregory DeRosso I like how you think!

Thanks @Account Closed, are you paying your agent any extra (or compensating in any way) besides commission from the purchase to do these tasks?

Thanks for your replies! 

Long distance investors (or anyone looking to buy a house)

What are you doing to see the properties you are interested in but that are far away from where you live? I live in FL and I am entertaining investing in Pittsburgh. There are houses right outside the city listed low, but there is only one picture in many of the listings. Is there any other way to see the properties aside from relying on a local agent to take pics and send them to you?

Thanks,