All Forum Posts by: Crystal Wilson

@Rey Tobar Thank you so much! I meet up with him about once a month. And I have a written signed receipt with all the transactions from him and I. So it will probably be civil. I told him to give me my money back and he told me there is a better house we will close on next Friday. So I think if we don't close i will do something about it.

About 8 months ago I met a wholesaler. I had 25k in a HELOC. He showed me a house to buy in the suburbs of Denver to try and do my first fix and flip. My dad was going to co sign that's the only way I could get the place. My dad backed out of co signing so I could no longer finance the place so I backed out before closing. Wholesaler kept my 5k as commission. He told me its OK well do another deal and you will make money. So he sends me more homes, I pick one. We look at it and plan that we will go 5050 on it. He keeps picking up large checks from me. 8k, 5k, 4k, 1200. For earnest, materials, his commission. Till I have given him all 25k. Its been over 8 months and still hasn't closed. Every week he tells me this monday we will close. But it never happens. At this point I know the house will never close. I need my money back. What should I do?

@Moriah Giles I have been learning how to wholesale also. I guess the first step is to find a deal so that's what I will do and see what happens lol!

@Moriah Giles Right!!! Yes ever since I quit the 9-5 I have so many opportunities coming at me. I love how I can now be creative!! Good luck to you if you believe it your half way there. If you ever need advice on getting your first properties you can pm me:)

@Julio Garcia Thank you!!! 😄 I actually just rented out my other room in my house today to a girl that just got kicked out next door. So now I pay half the rent! Ok I will try thoes other things. Thank you!!!

I quit my 9-5 I own 4 rentals I make 1500 a month from. I need more self income to approve for more rentals. Any Ideas an what I can do, I'd like to stay in real estate. Denver Colorado.

Maybe showing houses

Whole sailing door to door

If anyone needs help I have alot of time on my hands.

@James Carlson Awesome!! I get to start looking here soon! Just got approved for a loan!

@John Warren Right true thank you!!

@Ganessan Paraman Hi thank you! It's been over a year since I've had it. They already approved it they just need me to send docs now. So trying to decide what's the better route

I don't have a down payment saved, I spent my heloc, 50k, on investment properties. Now looking to buy another home, primary, but I don't have any money down. I could eather...

1. Refinance my FHA house to pay of the mortgage and heloc, cash out 10k. To qualify to buy another FHA loan, and have 10k down.

Or

2. Get an increase on my heloc of 25k.

I've already been approved for both. But can't decide.

I feel with 25k more I might be able to buy 2 houses with that and also have that much extra in my line of credit.

But I do need to refinance my FHA loan so hopefully I can approve for another FHA.

What do you think?