All Forum Posts by: Kalpesh Patel

George Aplicano Wayne Brooks Thanks for your responses. Yes, I was referring to auction fee that's charged by online sites for REO property.

Hello everyone! Does anybody know if buyer's premium can be financed in my conventional loan? If lender doesn't approve it, is there anything that can be done in contract verbiage to get that premium financed? Thanks a lot for your information.

@Ted Akers

@Account Closed

Thanks. That's why I wanted to know if it is possible and legitimate to do since I haven't done this before. 

@Shari Peterson

In the scenario that you mentioned, only one funding is used to fund both closings? I was in the impression that buyer B would need to provide funding  close with A and then end buyer C would bring his own money to close the deal with B. 

Is it possible that end buyer C brings money and that money is used to close both A-B and then B-C?

@Manuel Perez

Yes, but in this case there is no transactional funding. I have usually seen the buyer B bringing money and close the deal with seller A. Then buyer B would act as a seller for C and sells the property to C where C brings his own money. 

But I was kind of confused about closing between B and C first before closing between A and B. 

@Jassem A.

The contract between A to B is NOT assignable. So B has to close the transaction. The contract between B to C can be made assignable. 

Hi,

While doing wholesaling on an REO property and doing double closing from A to B and then from B to C, is it "legal" and possible to do B to C closing first and then use that money to close A to B transaction?

@Account Closed We got this before going in auction

@Eric Griemsmann sent you PM.. Let me know if you want to see property 

AMAZING WATER FRONT POOL PROPERTY IN CORAL SPRING

This is the property, which can be fallen in love at first sight.

• 1.Huge House Water front property with POOL, amazing opportunity for flip
• 2.Needs only TLC Work, Roof Very good, Paint, Flooring upgrade needed.
• 3.Perfect Location for Flip. After upgrade you can easily sell house in a day
• 4.Pool has Bar, does not need any work, just need pressure clean surroundings
• 5.Huge Master Bedroom with huge master bathroom
• 6.All Bathrooms are in good shape. Two bathrooms were done a year ago only.
• 7.Very good Neighbors & well famous school zone of south florida- Coral spring
• 8.Private Golf & Private waterfront view, screened Pool. Don’t need any landscaping work.

City: Coral Spring, FL (Riverside & University)

5 Bedroom & 3 Bathroom. 3497sq ft, 0.39 acre Lot 

Sale Comp: $460k - $490k

Here are the pictures https://app.box.com/s/fscpl4ptlu83c8pek4mec0x0e9yt...

This will go fast so please contact me asap. We have to decide by weekend. Property is available for show.

Anyone interested for this call us today.