All Forum Posts by: Roland Paicely

If you don't have access the end buyer can/will still purchase.  However, since there is more risk involved.  The price will be lowered.

Learn as much as you can. Attend your local REIA. Stay positive, stay patient.

Click on the tab above marked Education. Click on Podcasts and in the search bar put in Wholesaling. Also, attend your local REIA

It's usually better to simply walk away.  Even if the seller is forced to keep the agreement.  He can make life miserable for you.  He probably will never be available to show it to your end buyer.  He will not get documents to you that are needed to close.  He probably will not communicate with the closing attorney/title company.  The list goes on and on.  

Tell them up front what your intentions are and what you're going to do.  You'll also feel better.

@Eric Adobo..........that is so funny!...........Classic

(1) It is great that you will be upfront with the seller.  Their main concern is selling the property.  So the fact that you are straight with them should help

(2) It's a plus to use the calculator.  However, I'd think that each buyer has their own way to determine if it's right for them

(3) Every potential buyer would love a home inspection presented with the property.  Keep in mind that if the property doesn't sell, you're still paying for the inspection.  Most of the buyers that I work with will do their own evaluation or bring their contractor to look at the property.

(4) That is the best approach to take.  Look out for your end buyer.  That way they will continue to do business with you.  Some of your deals will be a little thin on profit for you.  In the long run it's the best business approach.

Good luck

I don't think that there is a limit on an assignment fee.  However, on the other hand you should use some common sense.  If you bring an investor a deal where she makes $20,000 and you're making $15,000 they may not like that.  

@Wayne Brooks is absolutely correct.  If you try to wholesale on the weekends you will be arrested.

Ha ha, what a sense of humor!  I think I understand what you're saying William.  You're very busy during the week and only have time on the weekends.  The short answer is yes you do this on the weekends.  As you can imagine, the more time you can devote the better your odds of getting a deal.  Plan your weekends so you get maximum effort.  Also, you if you can do a few hours after work during the week that will help.

Sorry, I've never heard of it.  Be careful with the companies that supply you leads and mentoring.  I'm not saying that they are bad.  However, it could cost you thousands of dollars for info that you can obtain here on BP and You Tube.

I'd say that when you have the sellers signature and the investors signature you go to the title company.  However, it also makes sense to do it simultaneously.  Going to the title company is not much more than dropping off paperwork and maybe answering a few questions.  When you have the investors and the sellers signature, start your marketing.  At the same time make plans to send the paperwork to your title company.