All Forum Posts by: Ellie Kang

Thank you all for the fast replies. I really appreciate the information! I looked him up and he is actually a broker with a real estate company as well as a contraction company. So I'm pretty sure he knows more than I do about his actions being legal or not. I think I'm the one that didn't know. Now I know and I'll keep doing what I do and stay on the legal side!

Hi everyone

My first post here. I'm a new investor and I recently placed an upset bid on one of the foreclosure houses. My bid was upset afterwards and I was contacted by my competitor so we don't keep upsetting each other and drive the price up--- shrink our margin and benefit the county. He offered to let me buy one of the houses he's developing cheaper(He didn't go in detail about that.) Or we go in this deal together and split the profit. Also didn't specify how this would go down either. I guess he assumed that I'm not a newbie but I have no idea how this is supposed to work. Anyone has run into this kind of problems/deals before? Any suggestions/advice on how to solve this kind of situation? Please let me know.

Thank you