All Forum Posts by: Blaison Samuel

Thank you all for the answers! It seems like as a realtor, we cannot invest in short sale flipping with double closing.

Manny: If you don't mind, can I get that realtor information who is in flipping business so that I can get more education from him.

J: I noticed your flip website, it is so informative about flipping and you are really good in flipping business. I also noticed that you were in Silicon Valley for a while (I Live in Newark - close to Union City area). Do you think, investment in fix & flip a good idea in this county?

I'm thinking of buying short sale as an investor(not as a realtor), but keep the negotiation part so that I can negotiate for a lower price with lender and once approved, sell to end buyer for a profit. Has any realtor invested in short sale flipping recently? I would like to know how can we do this legally without breaking any rules and if possible then how do I find an end buyer who will buy for a higher than approved price but still lower than market. Can we list the house even if I'm not the owner? Can we do double closing same day? I'm new in this investing field,so any help would be appreciated from a fellow realtor+investor. Thanks.

I’m a realtor in California and a looking to flip short sale listings to end buyer for profit. This is a great topic and this is exactly what I was looking for, very informative. I have couple of questions and I would really appreciate your help so that I can start investing soon and make profit and help more families to avoid foreclosure:

1. I was wondering whether I can do short sale flipping in California as a realtor
2. Do I have to list the property in mls, submit the offer and pending in mls on the same day or just submit the offer to bank without listing in mls?
3. Do you write your name or company name in the purchase contract?
4. You have mentioned that 100% amount is transaction funding, how about the EMD?
5. How much do you write as earnest money deposit and do you deposit your personal check at the first day of escrow opens after approval
6. How much do you offer to purchase? What reasons to you submit to lender to prove that property is worth only 70-80% of market value if there are no repairs.
7. When do you start looking for end buyers and how do you find your end buyers (I’m just starting and have no buyer list/investor list)
8. Do I need to disclose in purchase contract that I’m buying this for profit and will sell it for profit? What kinds of disclosures do you put and what kind of language do you use in your offer if I want to use realtor purchase contract?
9. I hope it is not illegal in California for a realtor to do short sale flipping – right?

Thanks for answering my newbie investor questions.