All Forum Posts by: Account Closed
Account Closed has started 18 posts and replied 78 times.
Hi, So when making "lists" it is standard to look for absentee owners with 30-100% equity in the home. What would be the motivation for someone to sell at a low price if they have 100% equity? A family member death and the house is a wreck? Any other scenarios? Thanks a bunch!
Bump
Post: Just quit my job and started to drive for dollars
- Raleigh, NC
- Posts 80
- Votes 25
So, I want an update..Hows it going? I hope to one day take the plunge!
Post: Advice on hard money loan for property
- Raleigh, NC
- Posts 80
- Votes 25
May I ask why it is only selling for 69k if it is in good condition and sold for more years ago?
Post: Co-Wholesaling Roles when you are a New Investor
- Raleigh, NC
- Posts 80
- Votes 25
Hi My new BP Family. Loving this site. Question:
I am a newbie ( a highly motivated, so excited, cant sleep, ready to work newbie). I went driving for dollars and found 5 potential amazing property leads. I have all the stats, figures and contact info for owners.
Now, I have given this information to a more experienced investor in my area.
If any leads are good and I want to co-wholesale what should I expect from here.
Do I let the more experienced investor call the owners? Do I work the deal or do they? Does the deal close in my name or theirs? I guess I am wondering how most of these partnerships work for a fresh beginner.
Thanks for reading the jumbled string of questions LOL.
Anybody LOL?
Post: 3 closings this week, including a 21K Wholesale fee.
- Raleigh, NC
- Posts 80
- Votes 25
I totally feel what you're saying lol.I feel like a crazy woman can't sleep at night can't sleep past 6 in the morning and running to the computer to get started with my day. I went driving for dollars and have several properties that I'm so thrilled about. I really want a mentor because I don't feel like I know how to find an End buyer once I put the house under contract. It's scary....so any advice to take the plunge would be great.
Originally posted by @Matt Lefebvre:
This is not wholesaling @Larry N.. This is called practicing real estate. If YOU do not own the property, have equitable interest in the property, or have a contract on the property, you should NOT be trying to sell this to a buyer unless YOU are a licensed real estate agent. Wholesaling without a real estate license itself is a legal grey area. Trying to wholesale someone else's wholesale deal is not legal.
I'd recommend finding your own properties that YOU get under contract. Also be sure to consult with a real estate attorney on the proper way to follow this. You don't want to end up with a black mark on your record because you didn't know the law.
Matt, I am interested in double closings to avoid grey areas. What is a good way to find a buyer once you buy a property at a great deal?
Post: 27616 feeding frenzy
- Raleigh, NC
- Posts 80
- Votes 25
I live in 27616 area also and am focusing my investments there since I have lived there for 6 years. I have 5 potential properties that would be perfect to invest in. I am now awaiting on a few more skilled investors to help me co-wholesale them. The market here is appearing great for deals to wholesale, flip etc.
Post: List Source Returning Small Numbers
- Raleigh, NC
- Posts 80
- Votes 25
I took everyones' advice and played around with the criteria. In my area for whatever the reason it didn't like me adding 1-3 bedrooms. Took that off and problem solved.;)