All Forum Posts by: Corin Jackson

Congrats!

Thank you very much everyone! There are so many opinions on wholesaling and talk if it's legal or not. From working with other investors in my area (VA) it is fine. Yes, the home is in great condition, with few repairs it could be renter ready. The seller and I settled at $155 and we are selling it for $160 (good price for the area). I also agree with you @Tim Brooks. to be honest i'd rather buy this home myself, its a great property but I want to get my feet wet and funds up.

First Deal?: So my husband and I may put a home under contract but the AP is $157,500 and the seller may take our offer for $155,00. He is not willing to budge very much but im pretty sure we can sell it for $160,00 since its general in our area. (not a big profit but its certianly a start) The seller is asking if we have a loan but we want to share the house with our list of cash buyers. Would I tell him we are buying it in cash and to give us 30 days? -We have our contract but I think he wants to use his. I'm definetly outting my novice-ness out there but...HELP. :)