All Forum Posts by: Seth A

Sorry forgot to post his phone number.
work 619.521.3500
work 800.448.4267
mobile 619.507.5688

Seth

Hi Lady Marshall,

Call Fred Eckert with Chicago Title. He's a great Title Rep. He works mostly with Investors. He's been a great help to me and my real estate investing. You should also attend SDCIA meeting in Mission Valley to network with other San Diego real estate investors. Hope to see you there.

Seth

Thanks for the info! We did put in the "contingent to partner's approval on inspection"

But just wondering how often does an investor pay over $40,000 in assignment fee when they can just finance it thru the loan?

Hi I'm a newbie investor,
My business partners and I got a 100% occupied 30-unit apartment complex under contract in Nebraska for about $650,000. During negotiation, we were able to add value to the property, and now we want to wholesale it out. Our selling price still gives the new owner 10.5% CAP with over 50% Cash-on-Cash Return. We got some potential buyers interested already.
Since it's our first time wholesaling, just got a couple questions for the pros.
1. I want to do a double-closing on this property since our potential profit will be more than $40,000, correct?

2. Should I be up front with the seller and selling agent that I'm selling the project off right away? because the potential buyers are from California and might want to fly out there to do due diligence on it.

Thanks!