All Forum Posts by: Tim Hall

Alex Gallardo don't limit yourself to duplexes, Triplex's etc you could buy a big house and room it out. House hacking is all about living for free, nothing less. That means your rent and your bills. Also real estate investing is all about thinking outside the box. Find a way to make money from a property and then go for it. Good luck

Check out flippingsimple.net

There's 3 outs ok that's good.

Noooo there's no money here. $365 for 8 units. Runaway from all the pain and head aches

Trevor S Foster ok mate here's what you do. Easiest thing is to get a promissory note from the wholesaler that when the title company divides the checks up you get your share. Then contact the title company and make sure they know what's going on and know how the division of checks is to be carried out. Otherwise you could do a Jv contract with the wholesaler. Just remember to stay in touch with the title company so you get paid. Be the title companies contact person. That's the easiest way, there's lots of other ways. As far as contracts the fewer the better. One contract between the seller and wholesaler A Jv or promissory note between you and the wholesaler stating what your proceeds are going to be at closing. If possible take the wholesaler down to the title company and do the paperwork there. Make sure this is filed with the contract and everyone knows how much you're going to get at closing. I don't want to flog a dead horse but if you don't follow up or keep up to date with the title company you're not getting paid. Now that that has been filed you can just have the wholesaler and your buyer write a normal assignment contract between the two of them. Which will be filed and handled by you the wholesaler and your buyer. This is a cash transaction so it shouldn't be a long process. Make sure you go to closing and collect your check. Hope this helps

As I tell everyone I meet in this business. If you don't want it why would anyone else? If it's not a screaming deal then I don't put it under contract. Try renegotiating with seller to where you do want to do it and then it'll be a lot easier to get rid of. Do you get me?

@manuel de lat

@Dmitriy Fomichenko Thanks man!

Hi Nick, welcome to BP

I got to be honest coming across as sympathetic and compassionate whilest trying to buy their or the decedents house comes across as very bad taste. I just send generic letters that could be sent to anyone and get great response. I tried the other way and I got a few very pissed off people. Just my experience.