All Forum Posts by: Gavin Welch

Putting a house under contract just means that you made an offer and the seller accepted.  The offer is not really valid, until there is consideration (money held in escrow).  You can use any type of contract, you can even hand write one on a cocktail napkin.  As long as its clear, concise, signed and there is a deposit.. Its valid.. 

Ask an agent for a blank contract in your state.  

If you make the contract "assignable" you can then sell the contract to an end buyer for an assignment fee.  The buyer pays you the fee, you give them the contract and they show up to buy the house..

P.s. Laws vary state to state.. Ask an investor in your state what they do.. 

Good luck

If you purchase the property "subject to" existing financing the "future ex" may also have to agree to this arrangement.  The problem is that you are going to be financially connected to these people (both) for the remain term of the loan.  If they go into bankruptcy you could get stuck with nothing.  One of them is likely to get remarried in the future and the future spouse could not like the arrangement.  I'd try to avoid this.

If there is really that much equity in the home, you shouldn't have any trouble finding a lender to finance the deal for you.  Private or institutional.

Jacob, I started by listening to podcasts and reading a ton of books.  Find someone in your market that is doing what you want to do.  Ask to meet with them.  Ask them questions about their business and ask if they have considered taking on an free intern?.. 

Hey guys, the market has shifted and so should your expectations.  There are deals, but the deals you find today are not the deals we were finding 4 years ago.  Do your research and adjust your expectations and you will be able to finds deals.

If you are dealing with buyers you need to educate them to what a current deal looks like.  If your buyers expectations can't be met, they need to change their expectations to meet their market or look for another market.

Some wholesalers have deals while other just re-market deals that other wholesalers have.

There are still deals around both on the MLS and off.. They just look different or are a bit harder to spot now.

Good Luck

I'd add language that the tenant is to remain in control of the animal at all times..  

and 

the tenant is responsible for all liability of the animal and a "hold harmless" for you the owner..

What if this dog get loose and hurts a neighbors child?. Guess who gets sued?  Not them, they don't have any assets.. You do..

I do stove and fridge (no ice makers).  If they want a washer and dryer, I'll provide one for an extra $50 per month. 

My team has one. Message me for more info Gavin

Christian, welcome to bigger pockets. I'm also in Lakeland. Feel free to reach out if you need anything. Im a buy and hold, fix and flip and agent and help lots of local investors. Gavin

Melanie my name is Gavin Welch and I'm an investor here in Lakeland and also an agent. I'd be glad to help you any way I can. There is a good group of investors here in town. If you have any questions or need any help let me know.. Gavin

Here in Florida, It can be a major problem leaking or not.. It's fairly rare with residential homes though.