All Forum Posts by: Justin P.

Thanks, guys. I'm was nervous that I was over-reacting, but it sounds like I'm on the right track.

I'll let you know how it goes. I asked her for POF by tomorrow morning...which she said would be OK. I'm now half expecting her to screen her calls so she doesn't have to talk with me again.

That's the plan, Bryce Y.

Looks like those hours of reading articles, blogs, and forum posts on BP (not to mention the podcasts) are paying off.

Thanks, Dell Schlabach. You hit on my main concern - that they tie up my property and bring my own marketing to a screeching halt while they do nothing for me.

I asked that proof of funds tomorrow morning, and she said it wouldn't be a problem...we'll see.

If I can get POF from her, what would you suggest I ask for to make sure I'm not jerked around?

Ronnie Boyd, I was thinking the same thing so I asked her and she said that she was not looking to wholesale it, but it does have an assignment clause that states that they can assign the contract and be immediately released from all responsibilities, etc. etc.

I asked for $1000 in EM and she said she could meet in the middle. What would a serious cach buyer be willing to put down considering they are going to be purchasing it in a few weeks anyway?

I am selling my primary residence (fsbo), and instead of fixing it up myself I'm marketing it as-is to local investors (basically wholesaling my own house) becuase I am settling on my new house soon and don't want to extra work or expense right now. So far I've had a lot of intereset. Some low-ball offers, some just below what I owe, and one that will net me about $5K...And that's the one I find myself questioning. Here's why:

1. Investor said she and partner are paying cash (not hard or private), but still want 30 days to close.
2. They only want to put down $10 in EM, which I feel let's them walk from the deal REAL easy.
3. Contract is contingent on inspection (even after walkthrough).
4. Contract is contingent to (and I quote) "Buyer's Partner's approval".

What do you all think of this?

I'm new to REI and this will be my first sale. I would love this deal to go through but I'm seeing red flags. Am I imagining them, or should I trust my gut on this one?

I own a house in an active market that I would like to partner up with someone to fix and flip.

The partner will be responsible for the rehab, rehab costs, and holding costs and recieve 50% of the profits.

Here are the numbers...

Owed: 210K
ARV: 330k
Rehab: 40k
Address: 4409 Oliver Street, Hyattsville, MD 20781
Comps:

• PG8056639
• PG7958169
• PG8132106
• PG8102085

Email ([email protected]) or call (301-996-2678) if you're interested.

Thanks for looking

hey, Chris. Where in Maryland are you?

J Scott, welcome back to the area and good luck with the move. I'm a RE newbie in Hyattsville, MD and I've just started following you on BP. Very interested in seeing how you take on the DC/Bmore market.

Hi, Dacia Bell.

I'm in PG county and super new to RE as well. I'm looking to rent or sell my current house in Hyattsville this fall as my first pseudo-deal when my new home in Brandywine is complete.

I've been hearing/reading about the benefits of having your RE license. Would you mind sharing why you chose to get your license?

I agree with Jeff S. Just be up front and honest. It will go a long way...and not just in RE. Being honest builds credibility.

I think the TV show Pawn Stars is a good example of how to do it. They tell the customers what their top dollar is for the item in question because they as a business HAVE to make a profit on it.