All Forum Posts by: Scott Terry-Cabbler

Thanks Stephen. 

Hey John,

I totally agree!  Another thing I do is send emails & texts to establish a good ole paper trail, in case anyone gets amnesia.  It's just humorous how some try to RATION to you, the money you're bringing to the table!  Much success to you!

hey guys...don't all jump in at once!! 

I'm fairly new to the investment game.  As a wholesaler, I've learned to reach out to other wholesalers to attempt to close deals.  I've been fortunate to find buyers, who actually depend on me to find them properties, like they would an agent.  In finding properties, if a fellow investor has a property that I think will suit the needs of my buyer, I ask the owner/contract holder what amount they need to get in the deal?  Ex. They want $30k on the deal, & I quote $37k to the buyer.  What I'm finding is, once these owners find out my markup....all of a sudden, they start talking PERCENTAGES!!! Lol 

Am I being naive to think, once we determine what you need & we agree on that number, that whatever I get over that number (minus closing costs) belongs to ME??  If I put $7k on top of your asking price.....it should be obvious I'm NOT looking for a $1500 fee, isn't it??!!

Confused & Amused in Virginia 

Wayne, that makes sense, as well.

Thanks Mary & Daniel.

I'm wholesaling a property.  Have a cash buyer, who happens to own a mortgage company.    The property still has a note on it, & he wants to assume the note.

Has anyone ever dealt with this before?

At Daniel, that makes all the sense in the world to me!  Thanks

I have a deal under contract for $42K.  I have a cash buyer ready to pay $46K (including fees).  I also have another buyer who has been pre-approved for a purchase, who has offered to pay $65K for the property.  I KNOW that I should close with the cash buyer, but that little bit of greed inside is telling me to take the chance of profiting $23k, knowing that ANYTHING can happen between now & closing.  I already know, but......HELP??!

Thank you Stephanie.  I will contact Terry.