All Forum Posts by: Wes Short

Yeah I think it is pretty normal for the end buyer to end up paying all closing costs.

I've heard various methods for covering closing costs between the buyer and seller but was wondering what is most common? I know it is mostly up to the individual wholesaler but what do sellers prefer and what does the end buyer, the investor/flipper, like to see?

Also, am I able to negotiate with the agent on what percent his commission will be or is it stuck at the normal 3%?

So I have been marketing my wholesale deal on Zillow, craigslist, etc. and I was just contacted by a real estate agent saying that they have a buyer interested in the property. I just wanted to know how and if this would change the deal in any way? The agent is asking for a commission which I understand he needs to make money someway and if I still walk away with a profit I would be ok with that. I just don't know if the agent is going to make a big deal about it being a wholesale or not. Thanks for any advice!

Strong agree with Kevin, I think in that structure you don't have equitable rights and then no right to market the home so it would be pretty sketchy.

Hey @Eldrick S., I just got started about 4 months ago and I would said that driving for dollars is a great way to get started. It gives you a much better understanding of your area and helps you know/talk knowledgeably about it. It is very helpful!

Start the title work and find a buyer!

You could also scan the few blocks around your deal for vacant owners/owners that own multiple properties in that area. This could show that they invest in the area and are already prone to liking your deal!

So I just got my first deal under contract and have been wondering in what ways I should be marketing it to potential buyers outside of Craigslist, Facebook marketplace, Zillow, and Trulia. Does anybody have creative ways to market their deals outside of these couple avenues? Also if you have advertised on these do you end up finding qualified buyers? Thanks in advance!