All Forum Posts by: Kristi Moore

@Jerry W.

@Jerry W.

@Jerry W. We don't get many basements out here so I haven't come across that yet, but it is good info to have.

I seem to keep coming across things that I am not sure about. I have had a potential buyer tell me that they are looking for 1200+ sq. ft. homes at $40-50 a square foot. Now I am fairly sure that means you just divide the price of the property by the square footage but I have also been fairly sure of other things in the real estate world and found out that I was either slightly wrong or totally wrong. Any help with this would be a big help. Thanks in advance.

@Bill Gulley Thank you so much. That really cleared up some of my confusion.

I have a question about sub 2 and escrow. It seems confusing to me. If you are doing a sub 2 how would the escrow work. If there is any excess funds would it be refunded to the original mortgage holder or to the person/entity doing the subject to?

@Steve Babiak , as a newbie I have to say thank you so much for this list. This is going to be so helpful to me. I didn't come into wholesaling thinking it was going to be easy, but the parts of it that I thought might not be so hard have ended up being time consuming and you have just helped me tremendously.

@Jonathan Jimenez Thanks that cleared up my thoughts on difference between having a buyer's list and just finding the deals first.

@William T. Thanks about the advice on the REIA groups, I definitely going to have to do that.

@Dave Grosse That was my question exactly. I am not an agent or a broker yet. I was only wondering because someone had said in another thread that wholesales couldn't be advertised like regular homes on the market.

@Dev Horn Thank you. That actually answered another question I was trying to put into words. I wasn't sure if I would have equitable interest in the property when I put in under contract.

@Alex Harris I have a question for you. Do you find it easier to do wholesales as a Realtor? I am planning on getting my real estate license at a future point, but I didn't know if it would help or hinder me in wholesales.

@William T. That answers most of mind full of questions on the subject. I came to this thought because I was looking for leads on Craig's List and realized that most of the properties in the For Sale Buy Owner section were actually wholesalers. I am still trying to make sure that when I find my first deal that I will be doing it correctly and most efficiently.

I have a quick question to add to this, because it interests me too. Would you really want to wholesale a property sight unseen?

I have been thinking about that and it seems to me that in doing that it would be like selling a car you have never driven. I am a newbie to this, so I might not be seeing all the angles to it.

I am still a newbie so please bear with me. I have been reading about people wanting to advertise the properties they are wholesaling and how they do it. I just wanted to know if it is entirely legal to advertise properties that are being wholesaled? I may be way off, but I was under the assumption (I know you should never assume anything) that wholesaling was done through networking such as specifically looking for properties that you already know a specific investor would go for or having a list of investors that you could send the info on the property to.

Hi, I am Kris and am just learning the ropes. I have familiarized myself with the terms and processes and am ready to jump on in. I will be working only in the Houston area.

I have decided to start out with wholesaling and work my way up to short sales, flips, and rentals. I want to get to my goal of having a variety of real estate methods.

I'm interested in networking with people who are willing to share their experiences with me and those who are willing to let me pick their brain a little. Thanks to all who have read this! And Nice to Meet You!