All Forum Posts by: Account Closed

I really need a title a company in southern california, One that don't frown on assignment of contract or double closings. with small Earnest money?

add me to that list except I am starting with the flipping.

http://www.imdb.com/name/nm1006317/

The way I understand it is if I needed that if I pooled money. I want to find one investor and match him with one loan on a property.

How do I get private money? also after I get the money how do I create a legal mortgage?

I recently responed to an ad on craigslist, it turns this person is trying to wholesale the property I responded about. I don't know if he intend assign it to me or not but If he did could I then reassign it to someone, assuming it's a good enough deal?

is foreclosure.com a good source of foreclosures for wholesaling?

I do not want to forma company for my real estate deals if I don't have to. Is it really needed? is it needed right away or maybe I can hold untill I start a lot of money in this business.

Originally posted by Steve Fischer:

Hey David

Congrats on getting started and actually putting your plan into action! First thing I must say is don't get discouraged! Once you find a couple buyers, you'll find out what works and what doesn't. Craigslist is good.. You have to stay on top of it though. Try setting up a couple different accounts and run multiple ads. You're gonna get a lot of wholesalers, realtors and hell, anyone else in real estate. If you keep working it though, the good ones will find you!

With the other wholesalers, deffinately add them to your list! You never know when you'll find a property you can't do anything with and maybe end up flipping it to them for few bucks. Also never hurts to build your network!

Another great method is to get to an REI club. You may have to pay for a membership but, the people there are ALSO paying so you know they're seriously in the biz!

Back to craigslist for a sec. Search forsale by owner section and find properties that are "newly totally rehabbed". Those guys selling are most likely fix and flip guys! Call them, email them and get them on your buyers list!!

How many buyers should I have on my list before I start putting properties under contract?

Originally posted by J Scott:

It's not up to the agent to decide whether to take the offer or not, it's up to the property owner. If the property owner is motivated enough, he will take a small amount of earnest money. If he's not motivated enough to take a small amount of EM, then it probably isn't a great deal anyway.

My brother showed the property in question on the MLS. There are lot more details that were not including on the public listing I had access. Including the fact that they will only be accepting cash offers. He said it's no brainer but this property will get at least 10 offers from cash buyers. which effectively pushes me out of the running. all I got is about $100 for EM.

I am interested a specific property for wholesaling but it is represented by a real estate agent.I read the articles that tell me I should offer $50-$100 earnest money. But I talked to my brother and he says that a real estate agent probly would not take the offer seroisly. should I offer a bigger deposit or try making the offer anyways.