All Forum Posts by: Stephen Tangwa

Clarification needed. What is the procedure for backing out of a sales contract using the POA document. Is there a separate form for doing so or one can just use the contract and deposit release form? Thanks.

Thanks John I will check that.
Steve

Thanks gentlemen for that thoughtful response. I will take your suggestions very seriously.
Steve

Hi Will, you made mension of the 2% rule. Could you help me understand what it is and how it works. Thanks.
Steve

What will be the best way to approach a bank to convince them give you access to some of their forclosure inventory before they are assigned to their agents? I have gone to the bank to talk to the mortgage asset manager for the week and the answer I have had is to contact the corporate office. Can someone give me an idea on how to handle this?

Thanks James.
Yes your suggestions are very helpful in deed. I am watching the calendar and will be attendng one of such club meetings.

Hi Joel
Thanks for that honest contribution. I understand what you are explaining and that is exactly my point. Does anyone with a burning desire to succeed though with no money of his own and probably zero credit potential have any place in this wholesale game at all? Telling every agent you want to work with your situation is an honest thing to do. My question is what happens next when you as a realtor gets to know this fact.
Steve

Wow thanks Chris. Sincerely that sounds like a guiding staff for me. Your suggestions are very enlightening as well as encouraging. I will keep all this in mind as I keep forgging ahead. Thank you.
Regards
Steve

Thanks Chris. If I understand well it's a great idea to let the broker know that you are not the end buyer. At this point I am confused how the negotiations should continue when the broker already knows this fact. It seems as wholesaling is a lot of hassle especially for an investor that is just starting off with no cash.For me I love win-win transactions and really want to know the best way to do this. What are those things that you need to do as some sort of middleman to add value enough to the transaction to be relevant.
Regards

Wonderful suggestion Jeff. I'll take a look at it. Chris those suggestions are very thoughtful. One question. How do you guarantee a quick closing if you are wholesaling. Meaning that you depend on an end buyer to close and he/she might not be going at the same pace that you want.
Regards

Hi James i tell them that i want someone who can help me find deals and negotiate them for me. I tell them that i want someone with experience working with investors.