All Forum Posts by: Donald Capwell

Hi, @Christopher Tibbe.  I'm afraid you might unleash an unwelcome tidal wave with this question!  Every time I read a post about wholesaling, the agents that think it's evil personified come out, as do the flag-waving right-to-wholesale folks!  :)  It is ALWAYS a lively discussion!

If you haven't already, spend some time in the search field here on BP, and dial in to those folks that are in California (or wherever you are investing).  Agents know the law, but I'm afraid some of them on this site just see red when they see the word "wholesaling."  They think anyone that uses the term or strategy is out to screw the seller... (You'll see as you read the posts!)  The short answer is, it's all about marketing... and taking ownership.  If you don't have title on a property, you can't legally broker it (read "find a buyer,").  If you are marketing a property that you don't have title to, expect trouble...  If you are planning to take title and then find a buyer, which is not what most folks consider wholesaling, then that is ok because you are not representing anyone else's interests but your own.

Why co-wholesale?  If the deal is good, you'll find the money and the buyer...  Not sure why anyone would want or need to co-wholesale...  (Educate me, please).

Good luck!  (now's the time that I mention the need for thick skin!)  :)  

Hi, @Rita Chiorescu.  There is a LOT of information about this on BP.  Do a search (upper right corner of the screen) for "Find Cash Buyers," and you'll find forum posts, blogs, etc.  There are a lot of ways to do it...  some fast, some slow.

Try this Link - Not sure if it will work...
Good luck!

Hi, @Cate Stewart!  Welcome to the site.  There's a lot of great information here, so check out the Education tab at the top of the page.  Here is a Guide to get you started with flipping, and there are a bunch of podcasts, blogs and forums to help, too.  This is a great site, for both experienced and new investors.  Look forward to seeing you around!

Good luck!

Welcome aboard, @Tony B.!  It's great to have another experienced investor in the mix!  Enjoy the site, and good luck!

No, not a waste of time!  The harder it is to find them, the more likely you are the only one trying!  Have you tried calling US Bank & Trust directly to see if they can help?  Even someone at a local branch (or find a local branch from their website and call them) can look in their company directory to point you in a direction to move in...

Good luck!

I like it!  I'll second the motion, @Mindy Jensen, @Joshua Dorkin, @Roy N.

Cheers

I can understand why the inspector would want the water on, but not an appraiser.  Hmmm...(Do pipes freeze in St Augustine?)  :)

I think you are right about just biting the bullet and doing it, although I'd have your agent push back to the buyer's agent about missing the appraisal window and the inconvenience this causes... and do a soft-sell on not pushing back the closing because of their error.  If they have a high enough earnest money deposit, it might help them see things through your eyes.  Of couse, you still want to sell the house!  :)

Good luck!

What?  I'm not an agent, but I'd say check your contract!  I can't see how they would/could enforce this!

Yikes!

Hi, @Jason Bowers.  Welcome to the site!  There's a lot of great info here, but if you're just getting started, make sure you check out the Ultimate Beginners Guide.  It's gold...  There are links within every chapter of this that will take you to podcasts, forums, blogs, etc and give you topic-specific info.

Good luck!

Hi, @Galen Bricker.  I had a problem with this when I started renting.  

First, get everyone on the lease, and include a clause that there will not be any other residents besides those on the lease (check legality in your area).  I had a few "extra tenants" move in that did the bulk of the damage to my property!  Also, you need to know who to evict, if it ever comes to that (which it won't because you are being careful!  :)

Next, make sure you check ALL references, for ALL tenants, including employer and personal.  Get references from employer, at least one close family member, at least 2 non-related, and all previous landlords.  It wouldn't hurt to get previous employer, too...  (You'll just be verifying the dates of employment, wage at time of leaving, and ask whether they are eligible for rehire.  Most places answer these questions without issue)

It's up to you if you want to run a credit / criminal history, but if you have any doubts, it will be worth the small fee if you are going to invite them into your home.

There are a lot of posts about tenant screening here on BP, so check it out.  My wanting to help out some young people (the first time) resulted in police on site for domestic abuse, social services checking on child welfare, non-payments and about $2500 in damages after they finally left (holes punched into walls, damaged carpets, etc)

I'm not saying don't take a chance, but make sure the rental rate is not lower than the market (which attracts undesirables at times), and do your due diligence!  It's not personal, it's business... 

Good luck!