All Forum Posts by: Carolyn Boswell

@Ray Danishyar Sure, I had the wholesaler sign a JV agreement and that JV agreement was sent to the title company along with the contract.

@Nick C. Thanks! That’s what I did and it seems to be working out well so far.

Hello!

I’m new to wholesaling and I need some advice on how to structure the situation below.

A wholesaler sent me a deal and asked me to help him find a buyer. My buyer is interested and ready to close. However, the wholesaler with the contract wants to double close to hide fees. So this would be a JV and a double closing.

No assignment needed right? We just close with end buyer first and then close with seller?

What do I tell the end buyer, do I just tell him to show up at closing?

@Barry Pekin Thanks Barry, great advice.

@Alleia James on Zillow and Redfin you can go to filters and search FSBO

@Alleia James

Yup! Keep trying Zillow & Redfin FSBO. They are great sources because 9 times out of 10 the owner is interested in selling. Also look into propstream!

Hi All,

I hope everyone is staying safe during this crazy time.

I’m currently negotiating a contract on a 4 unit building in Chicago’s Logan Square/Bucktown neighborhood. This is a very popular neighborhood so I really want to get this contract.

However, seller is requesting $5k in earnest money. Any suggestions on how I go about getting the earnest money deposit?

@Carmichael Lewis Thanks for your comment. I actually don’t see a PM from you.

@Crystal Smith

Hi Crystal, technically I’m purchasing. Do I need an attorney?

Could you recommend some located in Chicago, IL?

Hello,

I’m working on completing my first wholesale deal and I’m looking for recommendations on great Real Estate Attorneys in the Chicago, IL area.

Also, are most attorneys paid upfront to help with contracts and closing?

~Carolyn