All Forum Posts by: Lianna Alcock

You need to tell the agent what your plans are

Would love to help you out

Reach out to me I would love to help

Reach out to me I would love to help you out with structuring this

1. You do not need a notary to be present when they sign the contract.

2. This I think is really up to you. They could try and go around you but they would have to wait until your contract expires. If they sign a contract while you have it under contract then you can file a memorandum on the property showing you have the interest in it. Some people do this as soon as they get a property under contract but its up to you.

3. If you put down $100 for escrow it will only be refundable before your inspection period ends. If you cancel the contract after your inspection period the seller can keep that emd. You will have a close date for the entire contract but always put an inspection period in your contract so if you need to cancel it you are able to without any recourse.

Hope this helps!

 I would speak to the sellers about possibly doing seller financing or if there is a mortgage subject to. Its the best way in my opinion to pick up properties, especially from people who have multiple properties. You can pick them up sometimes for zero money down and zero % financing. I have got a few that way. Let me know if you want more info and I can help you out!

@Jason Pride

Creative financing :)

Creative financing :)

@Wayne Brooks You are right. What you dont know, you dont know. Please enlighten me

The only state as of right now that you can only do 1 legal wholesale deal per year is Illinois. If you do more than 1 you have to be licensed. The rest of the states you are fine to wholesale and do not need a license.