All Forum Posts by: Brittany Adams

Christopher Phillips that was so helpful. Thank you so much!

Christopher Phillips

Christopher Phillips it’s a delinquent tax sale.

Owner calls you (wholesaler) about their property, literally, the day before the tax auction. What do you do? Is there still time? I’m in Texas btw.

@Antoine Martel what’s a typical EMD? 10%?

James C. Partially understood. How could they go around me with my buyer if I have my buyer under contract with non refundable earnest money? Do you think the buyer would be willing to risk losing that?

I’ve been focusing my studying on Wholesaling Pre-Foreclosures lately. I’m ready to take that leap, but I want to make sure I have everything lined up correctly first. Please fill holes where you see fit.

With the auction deadline in mind, of course.

1. Get the property under contract with P&S

2. Find buyer

3. Add fee and assign to buyer w/assignment contract.

4. Close before auction date. (Seller’s proceeds pay off back taxes and liens first, then he/she receives the rest)

Done...?

I’d also like to add in an option and a clause where the seller may also find a buyer if he/she can, as to not tie up the property when it can be sold if I don’t find a buyer. 

I’ve been focusing my studying on Wholesaling Pre-Foreclosures lately. I’m ready to take that leap, but I want to make sure I have everything lined up correctly first. Please fill holes where you see fit. With the auction deadline in mind, of course. 1. Get the property under contract with P&S 2. Find buyer 3. Add fee and assign to buyer w/assignment contract. 4. Close before auction date. (Seller’s proceeds pay off back taxes and liens first, then he/she receives the rest) Done...? I’d also like to add in an option and a clause where the seller may also find a buyer if he/she can, as to not tie up the property when it can be sold if I don’t find a buyer.

I’ve been focusing my studying on Wholesaling Pre-Foreclosures lately. I’m ready to take that leap, but I want to make sure I have everything lined up correctly first. Please fill holes where you see fit. With the auction deadline in mind, of course. 1. Get the property under contract with P&S 2. Find buyer 3. Add fee and assign to buyer w/assignment contract. 4. Close before auction date. (Seller’s proceeds pay off back taxes and liens first, then he/she receives the rest) Done...? I’d also like to add in an option and a clause where the seller may also find a buyer if he/she can, as to not tie up the property when it can be sold if I don’t find a buyer.

I’ve been in real estate for over two years and now looking to get into the investing side. I’m looking to shadow an experienced investor or JV with another investor (even a newbie to put our heads together) in Houston, TX. My focus areas are Wholesaling, Seller Finance, and Preforeclosures.