All Forum Posts by: Marvin McTaw

@Jace Baxter I know someone who wholesales in the Tacoma area but she is actually based out of Tennessee. She's originally from the area and knows it pretty well. Interested? 

@Pablo Mendez thank you for sharing your experience! Keep up the work and continue nurturing the 61 people who called you. No doesn't mean "no" it just usually means "no, not right now". Most sales don't happen until I believe the 5th or 7th touch. Keep it up!  

@Ronnie Tejeda if you hadn't taken possession of the property (i.e. bought it) then you really shouldn't be paying it unless that was something you agreed to. All that being said, from a business standpoint, I probably would have paid the mortgage so that there wouldn't be any issues with the mortgage servicers.

@Vladimir Bogdanov Apologies for the delay as I didn't see your response. Here's the link with more information bmsells.com/property

@Barbee T. Depends on your exit strategy

@Chris Holdren for higher dollar fee amounts between what you buy and sell for you'll want to do a double closing. I would encourage you to use a different purchase and sale agreement with Sellers and buyers. The terms and conditions of the agreements should be different. You want a "buyer friendly" contract when you are purchasing the contract and a "seller friendly" agreement when you are selling to your end buyer. For example, our typical selling contract (to end buyers) offers no due diligence/inspection period (they should do it before they sign an agreement) and substantially higher earnest money deposits than our seller agreements. 

 Congratulations! 

@Pavankumar RamadassVenkatesulu you're going to have some butterflies until you do your first deal so just do it one step at a time. Most of these deals are pretty straightforward and simple in many regards if you allow them to be but every transaction has its own nuances. Assume you will make mistakes and know that it is OK to make mistakes. Sometimes we get paid in money, sometimes we get paid in knowledge and experience. 

What are you and friend/partner's biggest fears about right now? 

@Ann N. - I second @Blair Poelman but if you're talking about a typical wholesale transaction be transparent to the backup buyer that they are the backup buyer. I would also let your current buyer know you've got backup offers. 

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