All Forum Posts by: Jesse LeBlanc

@David Rosenhaus yes sir.   Everywhere but NY and CA, case by case there but everywhere else we're good. :)

Good Morning @Ethan Neumann My wife and I offer this for other wholesalers.  Our business is called "Wholesalers Transactional Funding".  I've been a wholesaler, Fix and Flipper, Buy and Hold Investor since 2014.  We've been offering Transactional Funding to only private parties we knew until last month.  We finally decided to help others out.  Our Website will be live in a few weeks but we can already take care of you now, feel free to check us out on Facebook or e-mail call me anytime.

Agreed 100% with @Saravanan Saravanan.  Always be transparent from the start!      If you plan to double close and need Transactional Funding, My wife and I offer Transactional Funding.  (website is about to go live, but for now you can see on FaceBook as well)   "Wholesalers Transactional Funding"   

We too also run a wholesale business, but i'm primarily in Georgia.

@Quincy Baker all good. Also if you’re transparent then your fee shouldn’t matter.

Also if you have your buyers purchase price ahead of time it makes wholesaling easier.

But double close is always an option if you aren’t comfortable with an assignment

I know I commented on another thread as well.  I’ve been running a wholesale business for years now, still fix and flip and buying rentals plus holding notes. Not about to steer you wrong.  When it comes to trust, generally neither buyer/seller cares, except for their $$ or the asset. 

If you don’t want to do an assignment, then you’ll need to Double Close. If they won’t allow for pass through funding, you might be required to use Transactional Funding for that closing.

If that was the route you had to take, I offer Transactional Funding. Wholesalers Transactional Funding

If you don’t want to do an assignment, then you’ll need to Double Close.  If they won’t allow for pass through funding, you might be required to use Transactional Funding for that closing.

If that was the route you had to take, I offer Transactional Funding.  Wholesalers Transactional Funding @Quincy Baker

Your best bet is to call and get acquainted with an investor friendly closing company.  Or find a couple of other local wholesalers where you'd like to market and see which company they use for referrals to save you time.

Yes, the Purchase and Sale Contract is different than an Assignment of Contract document.

Incase you are ever in a situation that the buyers lender or the closing attorney won't allow pass through funding on a double close, or you just choose not to use that option, I do offer Transactional Funding on double closings as well.

I've taken a long time to get it created with my developers from all of the spreadsheets.  @Travis Tekell take a look at www.wholesalerskpi.com    It's specifically for Wholesalers.  My 2nd phase add on will be deeper marketing metrics and Employee KPI's for those with multiple Acquisitions.

Wholesalers, have you been looking for an online KPI Dashboard.  All you have to do is submit some of your expenses, and your leads.  Wholesalers KPI online dashboard will do the rest for you.

If you have NOT been tracking your KPI's, then you might not be a serious wholesaler who's looking to scale.  You CANNOT successfully scale or grow your business without knowing your metrics.  You need to know exactly how many leads you'll get for X amount of marketing dollars spent.  You should know exactly how many leads and closings you'll get from each marketing medium and for X amount of marketing expenses.

Once you decide you want to scale and add more employees, you'll want to start tracking what each employee does so that you can then compare employees and not waste leads.  If you're looking for metrics like your Conversion Rate, Cost Per Lead, Cost Per Closing, Profit Margin, leads to a closed deal etc, checkout Wholesalers KPI VIA Facebook, online or PM me.

the picture attached is ONLY a couple examples, but there are many more tabs and much more tracking for Wholesalers across the United States looking to scale their business making decisions based on the FACTS vs emotions.

@Marco Bario Yes sirrr, I mean generally you probably aren't wholesaling a deal that's retail pricing, so there should be a decent amount of equity in the deal.  You are right, you would be 2nd position UNLESS it was an all cash purchase.   But you can structure the note to balloon, you can structure it monthly or however you and the investor agrees.  There are a few creative things here that I absolutely love!    Things also change if it's a rental or a flip too.