All Forum Posts by: Mark Durham

The "best way" depends on several factors. Need much more info than you've supplied to make a good recommendation. That being said, negotiating $0 (zero) DP is almost always best. Since that doesn't happen often, using some form of OPM (there are many) is 2nd best IMO. 

MAO formula works well in most markets.

@Samir Womack Got it! Good question to ask in the Marketing forum.

Please elaborate. 

Every wholesale deal I've ever done had some kind of equity somewhere in the deal, or it wasn't a good candidate to wholesale IMO.

You should always negotiate (if you don't ask, you don't get). Always best to use your contract when possible. If not possible, have your attorney review it.

If you can come up with $10 (I'm sure you can), you find a MOTIVATED seller with a good deal, put it under contract for $10, then wholesale it.

Many banks & agents frown on that or prohibit it altogether in my experience. Best to deal with owners IMO.

There are many ways to buy real estate using little to none of your own money (capital) and having bad credit. Learn & use Creative Financing strategies/techniques & look for motivated sellers. 

Couple ideas: 

1. HELOC on your personal residence

2. Credit Unions often have more flexible loans 

3. SD IRA

4. Partner  

Assignment fee should be included in the purchase price. 

Discuss this with your lender & the closing attorney prior to closing to be sure everything thing is done properly. Banks don't like surprises or omissions.