All Forum Posts by: Jacob W.

I've been sending neutral letters to a few markets in FL and not seeing any results.. I feel like maybe these markets are too saturated. Hoping to get some opinions on what I should be doing differently. Thanks in advance!

 Thank you Chris for your response!

I'm new to the world of wholesaling land and came across a property that is under a trust. This property is going to auction. I've connected with the trustee and he's interested in selling. He has agreed to pay off the taxes owed.

I'm not what steps are required for us to move forward. How it is different from a regular transaction? Which legal parties will need to be involved?

Hoping to gain some insight from this community.

Thank you in advance!

 Thank you Russell for your response. I'm new to wholesaling and wanted to be sure what the associated risks are.

I'm working with a seller that wants to sell their vacant land. I was planning on assigning this to an end buyer that I have lined up. The problem is the price that the seller wants is quite high and comparable to on-market value. My buyer is willing to pay a few thousand over but I fear that I will be in a difficult position if they were to back out as I wouldn't have any other buyers that would be willing to purchase this contract.

The agreement that I use is attached. Wondering if there is an existing clause that would allow me to back out of the agreement if my buyer can't close or changes their mind.

My spread is only a couple thousand and I'm not sure that it's worth the risk. I would not want to put the seller in a tough position either where they may lose out on other offers.

What would the seasoned wholesalers in this community recommend?

Vacant Land Agreement