All Forum Posts by: Chris Soignier

Contracts can only be notarized when all parties are present at signing.  As Andy mentioned, I recently filed a memorandum of contract, which my law firm created and notarized for me.   My seller on a recent wholesale deal called me 2 or 3 days prior to closing, and said she wasn't going to sell to me.   (I found out that she subsequently got a higher offer)   After trying politely to remind her of her contractual obligations and change her mind, I advised her that I can't make her sell, but I can turn her property into her most expensive paperweight ever.   She came to closing as scheduled.   :)

Jorge, I highly recommend you look into eXp Realty, which is the fastest growing brokerage in the nation due to our revolutionary, disruptive business model.    We differentiate ourselves vs. other brokerages w/ 4 key disruptive aspects:

1. Cloud-based campus offering 25+ hours of training every week

2. Revolutionary lead generation systems including Kunversion and Commissions Inc.    These systems would cost you ~$1500/mo. individually, but are provided to all eXp agents at no extra cost.

3. Agent-owned, publicly traded company (ticker EXPI).   Our agents have 6 ways to acquire stock, including stock grants and a stock purchase program.

4. Un-paralleled revenue sharing - reduces the volatility of commissions-only income and provides an exit strategy from the business to compensates for REALTORS' lack of 401K and retirement plans.

PM me if you'd like to learn more! 

Amirah, I'm a Realtor and an active investor.  I love working with investors, and speak your language.   PM me if I can help!

Sherman/Denison, Ennis, Greenville, Weatherford, Gainesville, Granbury, Justin, and I could go on and on.   I'm not endorsing all of those specific markets, but you'll likely find less competition in all of them.

Hi George, I live on the eastern edge of Bedford, very close to you, and am an active investor as well.   I'd be happy to help you find some good investment properties!

There are plenty of experienced wholesalers around, some good and some not-so-good. Regardless of who you do business with, ALWAYS perform your own due diligence! It's not hard to juice ARV by cherry picking comps, and repairs more often come in over budget than under. I'd buy from just about anyone if the #'s work out, the underlying contract is valid, and the required deposit is reasonable (no more than $3,000).

I have a repeat wholesaling customer, but have never bought from the same wholesaler twice.  That's not at all indicative of lack of satisfaction with them, it's just a matter of the right deal materializing at the right time, getting to it in time, not getting outbid, and several other factors.   All but one of my dealings with other wholesalers (both buying and selling) have been positive experiences, and it helps to build personal relationships with them before you do business.

Patrick, DFW is getting harder and harder to find good deals in.   My focus area for cash flow is Grayson County, and if you want to stick closer to DFW, I'd focus more on Tarrant County, in the Fort Worth area.   I'm a REALTOR, and would be happy to assist in your search!

 TREC doesn't promulgate lease contracts, and has nothing to do with the TAR lease form.  Unlike TREC forms, which are freely available for everyone to use, TAR seems to like their forms to be a benefit of membership.

I'm not so sure I'd use the word bubble, but DFW's investment market is a bit overheated in my opinion, w/ too much competition (esp. from newbies anxious for a deal) driving up prices IMO.   The tailwind of ever rising prices has transformed many bad deals into good deals by the time they sold, but buying on that expectation is speculation, not investing.   Given DFW's strong economy and population/job growth, I expect the market will continue to be strong through 2017 (at least), but the marginal rate of growth can't continue at the current pace indefinitely, esp. since we're not at all landlocked and have plenty of room to grow in all directions.

I like wholesaling in DFW, but prefer investing in tertiary markets that are less competitive and cash flow better.

Ben, I have 3 investment houses up in Sherman, running the gamut from an ~1000 sq. ft. cheap one that I'll seller finance to a 5000 sq. ft. one that rents for $3,000 per month.   It's a great rental/seller finance market, and growing fast.   Happy to help if you have any questions.