All Forum Posts by: Kim Wilson

@Cyndi Morro, the meeting went fine and if the numbers work out, we will send over an agreement to work with them on the property. If not, we made a connection to work with for future ventures.

Thank you @Mike York and @Larry Turowski for your advice. I believe we will try to build the relationship with the person and do something like work out a finder's fee if we bring the buyer to the table (if they go for that). I was not comfortable with the original situation and wanted to look at my options before we met with them. Thank you again!

Hello! My sister and I received a call from another investor wanting to assign us their contract so that we can find a buyer. They want $500 in earnest money, however, we are just starting out and really not in a position financially yet to do this. We have some buyers that we could market this to, but if we don't find a buyer, we are not in a position to actually make the purchase. I read in another post that it's possible to do a joint venture with the wholesaler, and think that would be the better route. My question is: Is there a contract that needs to be in place with the wholesaler stating this? What would be needed (i.e. steps to take, documents)? Any help from someone that has gone through this would be appreciated.

Thank you for your response. From the other related discussions I've read, it seems this wouldn't be a good way to start a first deal until we got a little more experience and understanding.

Greetings! I need some advice on what to do with a listing that recently came our way. It is a short sale with an approved price from the bank, and the person that sent us the list said the price is negotiable. Question 1: Can we wholesale a short sale? Question 2: If so, what contract(s) do we use to get it from the person (standard purchase/sale)? Ideally, we would like to purchase from her, then wholesale it for the approved price the bank will accept. Any feedback will be appreciated.