All Forum Posts by: Gregory Jerome
Gregory Jerome has started 5 posts and replied 24 times.
Post: Need help explaining a double escrow!

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Will Barnard @Lori Greene
So to be clear am i allowed to go to the title company with 2 contracts, with me in the middle?
Im not trying to do anything illegal and im not a realtor
I just know a guy that wants to sell his old property and i know a guy who wanta to buy. I just want to get paid for my part with out anyone feeling any kind of way . thats why i didnt want to add "assign"
Im looking up the different types of funding you guys put up to do more homework
Post: Need help explaining a double escrow!

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Barry Pekin does the title company have to be in the sa e town or city ad the property ?
Post: Need help explaining a double escrow!

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@John Thedford can u explain.
My buyer is all cash and my seller put me under contract.. Wheres is the illegalities ?
Post: Need help explaining a double escrow!

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
Need help explaing a doubke ckosing to my title companies
So far ive called 2 in my area and they were both puzzled, they said they didn't have enough knowledge about it
I explained i was going to have 2 contracts (buyer and seller) and wanted my buyer to fund my sellers transaction
How can i clearly explain this process in proper terms ??
Post: What is the normal going rate of earnest money?

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Raven Henderson thanks, this info was golden!
Post: What's the best real estate to invest in living check to check

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Russell Brazil check to check its kinda hard to save anything... “hence check to check”
Post: What is the normal going rate of earnest money?

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Raven Henderson so after i have the house under contract is that when i let my buyer come in to do inspections ? While i still have it under contract ?
Post: What is the normal going rate of earnest money?

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@John Thedford oh ok... I was told its 1% by a mommy realtor but I see what you’re saying...... Thanks
I wouldnt feel comfortable since I’m new to this to put down that much money on a house that’s 70k
Thanks for the input.
Post: What is the normal going rate of earnest money?

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Joe Splitrock the house needs a lot of work and I plan on selling it to one of my buyers
On a house thats 70k and needs a lot of work would u still drop 5 grand in earnest money ?
Or would u just try for 1% or 2%
Post: What is the normal going rate of earnest money?

- Flipper/Rehabber
- Woonsocket, RI
- Posts 28
- Votes 8
@Caleb Heimsoth yea the property is 70
Thanks for the advice