All Forum Posts by: Arktavious Sally

Hi Thelma, In order to flip another wholesalers deal that they have under contract you will have to provide POF, EMD (non-refundable) and normally their contract will stipulate contract is non assignable. At least mine does.

If title company does a title search and you don't close or can't find an investor buyer to close then you will be responsible for those fees. In my area in MD fees are about $250

Wholesaling is a JOB, its a real estate job, but a job none the less. 85% of wholesaling is finding a motivated seller that is willing to walk away from equity for whatever reason it may be. If you have a killer deal someone will take it off your hands, "killer deals sell".

Hi Candance, The very first book I read about wholesaling was " How to be a quick turn real estate millionaire" by Ron Legrand. Very good book.. however there are many great blogs on wholesaling written by active wholesalers. Dont spend money on courses that promises to drop dollars out of the sky. Marketing drives leads and sales. Welcome to bigger pockets.

I also use a 7-10 day Inspection contingency to confirm my repair estimates in all my contracts. A tactic I use just in case I have to renegotiate a lower price. I have solid pocket buyers that I call immediately when I get a property under contract and they always get first looks. So, most of my killer deals I never blast out to my buyers list.

I have never had a seller ask me how I'm funding deal. Unless it was a institution/bank owned property. A motivated seller in a distressed situation doesn't care. I call them DON'T WANTERS..

Bruce, that's great advice. I always tell newbie wholesalers, Stop spending money on courses that promise to drop dollars out of the sky. Consistent and targeted marketing drives leads and sales... Wholesaling is simple but not easy...

Thanks for the reply, I thought that was the normal procedure.

I'm aware of the process of a wholesale deal when it's being assigned, I just wanted to know if end buyer gets a copy of P/S agreement that I have with seller. Thanks for responding.

Is it common practice to give my end buyer a copy of P/S agreement that I have with seller or just a copy of assignment agreement? Thanks