All Forum Posts by: Ben M.

A lot of the wholesale homes I am coming across are built in the 1950s. What is everyone's general opinion of homes built in 1950s - does anyone own any homes that fit this criteria?

Thank you!!!

Does anyone usually verify that the general contractor they are hiring are licensed and insured? How does one verify this information?

Having a hard time finding a good general contractor in Houston, Texas. Any investors in the area that can recommend one?  Hopefully they are ones that can help me evaluate a property before putting on contract. Thank you.

Would it be the same process with wholesalers? Probably not since they usually expect fast closing? Would the hard money lenders assist with verifying title?

Thank you Aaron. Great info. Do the title company usually research and answer quickly? I would think that the contract would only allow a few days to verify title, inspection, financing, etc?

Hello, I am new and working on getting my first rental property. Wanted to see what anyone else's thoughts are but let's say I found a broken down house, contacted the owner, and got my offer accepted. 

1) Where do I get a legitimate contract to give to him with inspection and financing contingency. Would it make sense to get a realtor involved even when I initially made contact with the homeowner?

2) How do I know there are no concerns with title or other legal issues...?

3) Are there any other big concerns that I may not have mentioned?

I guess these are some of the things keeping me from pursuing a property outside of a major wholesaler or realtor. It seems to me that the guidance and knowledge of realtors are invaluable especially with pursuing the first property..

Hi Brian, I am buying from a wholesaler.

Thanks Zach. I am working with wholesalers and they do not allow inspection contingencies. Do some wholesalers allow inspection contingencies?