All Forum Posts by: Josette Reynolds

I had a buyer for a property that fell through at the last moment and I was quickly able to get a second buyer. He signed the Assignment Contract and Purchase Agreement for a price we agreed on.  I have a third buyer, who's offering more than the second buyer, how can I get out of the contract without legal penalties?  

Looking for All Cah$ and Quick Close! Gutted and treated. This 3/1, 1820 sqft, 2 acres home will be a great flip/rental. ARV $120k asking $50K OBO. 

@Vanessa Castillo , finding cash buyers was my toughest area of defaults. Although I did marketing and befriended realtors and attending REIA meetings, I was still not able to close deals as fast as I wanted. It wasn't until I joined up with fellow wholesalers that I started to do more closings.

@Jamie Williams ,  the negotiating tactics: I kept in constant communication with seller and letting them know that buyers were interested but the property was priced too high. They came down in price. Now, I let the sellers know, up front, that in order to sale fast the price has to be right and I make sure that they are open to going lower.

@Tera Carter , CL-Craigslist, FB-Face Book, JV-Joint Venture. The 4-plex did need repair. I used an estimated repair form that I received from my mentor. I also watched pods from this site located in the education tab. Best of luck, Tera! Keep asking questions :)

Adam Meier, I work with lower income projects to the higher end projects and commercial in between. I once had a 4 plex under contract. I plan to keep the spectrum open and even venture out to other states, such as TN and TX.

John Hixon, once I got the contracts, I used Backdoor, CL, FB, and JV deals. I also put signs in the neighborhoods that said "HOUSE 4 Sale, $60K!" There was one deal where the ARV was $201K and asking was $75K.

I've been Real Estate Investing (wholesaling) since July 2016 and I've had my ups & downs. It was easy to get homes under contracts, via cold calls, bandit signs and referrals. But it was hard finding buyers. I learned to negotiate better because everyone loves the greater deal. Through persistence and patience I know my efforts will make me more proud and profitable for 2017.  I love this gig and would not change it for the world. Here's to an ADVANTAGEOUS 2017! CHEERS!!!

Awesome flip!!!

Seems like you have some wiggle room with your fee. Take the $5k and move on. Unless you're going to flip it and make a profit.

Welcome, Lee! Along with this platform, you can also join your local REIA and FB. Good luck!