All Forum Posts by: Ismail Sogbaike
Ismail Sogbaike has started 31 posts and replied 41 times.
Post: What exactly does it mean to give a seller a certain amount of lease time
- Posts 43
- Votes 10
what does a “2 month lease” mean because I’m currently trying to lock up a property in Dallas but the seller tells me there’s another person offering the same price as me but they are offering two months lease and I’m unsure of what that means exactly can someone please explain
Post: Structuring a seller financing deal
- Posts 43
- Votes 10
I’m wholesaling and I’ve got a seller that wants to seller finance but unsure of what terms to apply to the deal.
Does anyone know how to structure a creative deal to work.
I’m doing my first wholesale deal and I’m trying to decide if I can trust certain buyers, what are some things to watch out for.
Anyone buying In Indiana please let me know!!!
Post: How to get proof of funds for a wholesale deal
- Posts 43
- Votes 10
this could be my fish deal!!!
My seller is requesting proof of funds, but I have none.
How do I acquire it or does anyone know how to get it.
Anyone here who could help me with this
Quote from @Michael Dumler:
@Ismail Sogbaike, include a temporary occupancy agreement.
Sorry to ask but how do I do that exactly?
My seller wants time to clean out her property after closing, how do I input that in my contract it’s my first time
Post: What to do when the seller doesn’t have insurance
- Posts 43
- Votes 10
Quote from @Chris Seveney:
@Ismail Sogbaike
Your mixing two different insurances
She appears to be saying the property is not insured from damage.
Your contract is in regards to title insurance which is clear title
The title company will determine that and typically the seller pays for the title policy and if you get a loan you pay for the lenders policy. Some states it may also be split.
But to reiterate your talking apples and oranges
Post: What to do when the seller doesn’t have insurance
- Posts 43
- Votes 10
this is one of my clauses I put in my contract that I have sent to the seller. She comes back and tells me that she doesn’t have her home insured. She’s tried many times to get it but the home just needs too much work.
What do I do in this situation??????