All Forum Posts by: Terrez Jarrett

@Daniel Yurick You're on the right track. Always remember also that just when you think you know everything, there's always more. I was always weary of proof of funds because I wouldn't have it available immediately. I perfecting my business though as I go. Now, for me, it's exercising the knowledge I already have. I had been studying REI for about 1 1/2 - 2years before I even started. I'm not saying have to do the same it just depends on how much time you have to spend on it. May your endeavors be highly profitable for you man.

@Wayne Brooks The lender processing fee is what meant. I just don’t wanna send the money and find it’s a scam

@Jacob Michal let me know a little more about you. I don’t see anything in your profile.

We had a great deal that we were going to sign contact on recently and the seller came down significantly on the purchase price.

They wanted 24,000 but they wanted proof of funds immediately upon signing contract! I did NOT know what to do at all! I was stuck because I didn’t have proof of funds for 24000 at that moment. In your opinion, what would could I have done?

@Tyler Bodi Thank you so much!! This helps a lot!!

This wholesaling thing has been kinda frustrating to me. I think it’s because I don’t really have anybody that will work with me.

I have attempted to work with 3 different RE agents and they seem to shun wholesaling and are sluggish with giving comps. 3 different deals have also fallen through because they wanted proof of funds immediately.

I didn’t have the exact amount to present to them nor a buyer to flip it to. I’m taking action but is it the wrong action or not enough? I don’t have much money either.

How do I go about protecting my down payment when getting private money from a lender? Do I put it in escrow?

@Rob Bergeron I definitely appreciate it sir! I´m looking to move them. @Michael Seeker Thank You sir! That is very true about the marketing in Louisville! 

Has anyone had any issues finding wholesale deals in Louisville Kentucky? or Southern Indiana? I have been looking for vacant properties. I think I´m going to have to change up my strategy and put in more work. It seems to be a ¨market shortage¨ or maybe I´m doing something wrong. Does anyone have any comments, tips, or suggestions?

Not yet but the seller has accepted my offer and  we are not closing until January 4th due to tenants still present in the home. Thanks MUCH for the advise sir. It´s very helpful and I´m on it now.