All Forum Posts by: Steven Leigh

One way to do it is to send a mobile notary to their house with the contract. This is a good way to make sure it gets done properly and in a timely manner as well, as some buyers and sellers will just take forever to send a contract back when you email it to them. Good luck.

@Account Closed Can you clarify that a bit more? Are you saying assumption needs to be possible or not possible in the contract?

Are you talking about assumption of the mortgage or assumption of the contract?

Is there a reason you're looking to do a double closing and not just make it an assignment deal? 

Title companies that will do double closings are getting harder and harder to find. Another alternative to consider is to do transactional funding. You basically borrow the money to close on the property for about 15 minutes, then it closes to the end buyer. Generally you pay about 1-3% to borrow it, but may be worth it for a large deal.

@Brett Snodgrass what do you mean with craigslist? Are you calling houses for sale or posting your own ad that you buy houses?

If it's the latter, do you find that it's mostly trashy houses in the trashiest parts of town? That's the responses I get from Craigslist so far.

@Roger Covin No, it's a lot easier and safer to tear other people down than to learn new things or to take risks yourself. 

@Roger Covin Don't take the bait. John does this in almost every Wholesaling thread. He's convinced Wholesaling is illegal so he's just trolling you. Check his past posts. 

Originally posted by @Tyler Jahnke:

Thanks @Steven Leigh and @Ben Meisel Your insights have been so valuable! That's why I love the BP Community.

 You're welcome. Just remember that when the negativity starts. :)

PM me if I can be of any help.

Originally posted by @Account Closed:

There is SOOOOOOO MANYYYYYYY properties out there and obviously I can deal with them all. So I teach others how to do it.

 Agreed. You know I was just joking. I actually recommend BeenVerified a few times a week at least. I am so glad you and Paul Amegatcher turned me on to it. It's been a game changer!

Believe me I understand. My county is the same, but just be grateful you can get this info. Some of the delinquent info you get from other counties is either nothing at all or it's just a crummy PDF list with barely any info. It took me a LONG time to figure out and filter down my list, but I'm really grateful to have so much data to work with. I wish more counties provided the info that mine does.

@Tyler Jahnke Great questions:

-Do wholesalers need a realtor to buy their discounted properties from motivated sellers/an auction?

No. In fact, it's one of the benefits wholesalers offer to sellers, that they don't have to pay a realtor commission on the sale. Wholesalers just take the contracts to a title company or sometimes a title attorney depending on your state. The title company handles the title search and other processes and handles the closing.

-Do wholesales need a realtor to turn the property around and sell to a buyer/rehabber?

Nope. Same thing as above. I will say that I love working with realtors who represent cash buyers. I send my deals to realtors and just ask them to add their commission to my asking price. This way they are sure to get their commission and everyone is happy. Buyers who are working with realtors will generally pay more than the average investor as well, as they are used to looking at deals on the MLS and my prices seem ridiculously low to them, whereas the experienced rehabbers and landlords are still trying to talk down my asking price. :)