All Forum Posts by: Dan Krause

:D :D Well i told my buyer that i was starting to get some property leads (nothing solid) and if a seller/broker required Proof of Funds would my buyer be prepared to show it? My "buyer" is actually a broker who represents his own fund of buyers. At the moment he says he does not have POF available because the actual money person is on vacation. This is when he sent me the NCND agreement. I asked him about POF ahead of time because once in a while sellers ask for it. Just a preliminary thought on my part. But so far my seller leads have not made this request. Dan

:D :D Bill: Your right. Would an electronic signature suffice?

As a property finder (in my case a JV/Partnership with my buyer)-my buyer sent me an NCND agreement to sign and send back to him. My question: Do i have to send him a JV/Partnership agreement contract to sign with my buyout percentage stated-or can i just send him just a "brief" of my buyout percentage by itself. To what extent are he and i legally bound, at this point, for each property i submit to him just based on his NCND agreement? The contract i have is rather lengthy and i may have to repeat sending him a copy for each property i submit to him. Thank you, Dan Krause :D :D :D

RESERVE: Yes-but there is no problem if you were to actually lease the divided lots to buyers is there as Bill mentioned?

:D I used my free premium membership on Myhousedeals over the weekend and sent out about 30 inquiries. I got at least 20 replies back.Dan

Doug Smith (or anyone): It is noted on the Myhousedeals website that 2 wholesalers cannot cut a deal (against one or the other) behind their backs. Sounds fair. Can 2 wholesalers conduct an agreed upon deal (by both wholesalers) without risk of losing their MyHouseDeals membership? Thanks, Dan :D :D

I meant Ten Dollars

:D Doug: $10,00 is all the earnest money i would need? Dan

Are there any special wholesale contracts, assignment contracts that are required to wholesale on MyHouseDeals.com? Are there any samples on BP? Thanks, Dan Krause :D

:D WEll then-what is a Credit Tenant Lease loan? There are companies that structure deals based on future rental payments. If you look up the CTL term on the internet? Thanks, Dan