All Forum Posts by: Joe Homs

@Ryan Thomson I am working with a company right now that this and FHA assumable are their focus. I am working with 20 buyers as we speak, however its way more difficult here in California and less VA/FHA inventory due to pricing. I just looked in your area and there are hundreds of homes.

Good Investing...

@Kalo [Kyle] NA  Check this one out.

https://www.biggerpockets.com/forums/521/topics/1233018-ocre...

@Albert Johnson a bank statement (can be altered), a bank letter with contact information is better so you can verify the information.  I don't know where you are at, but earnest money usually goes directly to escrow here in California, but if they want to pay you directly and try to find you later in Vegas, that works for me.

@Albert Johnson sounds great, but wholesalers will lock you into a contract with the hope of selling it off to someone else and pocket the difference. They promise you the world and most of the time they cannot deliver. Definitely ask for a POF and make sure that the initial deposit in large, placed into escrow and is non-refundable after their short initial inspection period.

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The connections that perfectly complement you are out there. If you have not found them yet, you aren't looking hard enough. No successful investor will tell you that it is easy, but they will tell you that most could achieve success with hard work and perseverance. Don't give up!
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@Brent Horst where is the property?  Would need more details.

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@Albert Johnson What is the condition of your home? You should only want to sell your home to a wholesaler if it requires major repairs and you need the money ASAP. You will always get more if you put it on the MLS. Where is the home at?

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@Kevin Kim C.A.R. does not allow anyone but members to use their forms.  Be careful that you may be saving a few dollars in the short run by not using a professional.  It may cost you more in the long run.

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@Jordan Brown your question is a matter of numbers and not location.  If the numbers work in California, and they may not, then go for it.  Have you thought about just renting a 4–5-bedroom home and house hack it.  Less money on your part and you can pocket the profit between the actual rent and what you charge the others.

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@Michael Martin reach out to @Dmitriy Fomichenko who is the expert in this area.

Good Investing...