All Forum Posts by: Jimmy C.

This is not an issue, unless the hard money lender will not allow assignments of contract. Either way the seller gets paid, so you are correct. Just trying to make sure I answer your question, as you indicated you needed it quickly.

If your end buyer is using hard money, their lender will want to see the original contract, and your assignment addendum. It shouldn't stop your buyer from being able to get the loan from a hard money lender, as most hard money lenders are used to seeing assignments of contract.

As for you putting a financing contingency in the original contract, thats up to you. It could be another out to leave yourself in case you dont find a buyer. Most of the time we make cash offers, to make it look more attractive to the seller.

Welcome!

I am in Tampa Bay area,but we primarily work Osceola, Orange, and Seminole Counties.

Tried to avoid this thread, but it keeps popping out at me. Nice video btw

I have no idea what would be better than the status quo, but I think congressional oversight (audits) would be a great start!

I think that if the Federal Reserve is truly Federal, then it should be transparent not only to Congress but to the American People.

At least then we would have elected representatives that we could hold accountable.

Fdic good for you and good for me!

Find out what situations a seller can be in where you have a higher probability Of being successful . Then you have a better chance than one out of ten. Like one guy mentioned if there is pmi or not. Once you know how to qualify (i don't know either) then you're on your way To proving that guy you trust wrong .

I wish I could live there too. When searching for private lenders, I keep coming up with ones that will only lend in DC, CA, and Texas!

Good choice. I Have the older droid phone with t-mobile. Its the best phone I've ever owned.

That would technically not be wholesaling. But I know what you mean.

This is something that would mostly change your confidence level. If you are selling the properties right away, this strategy would cost you a little more in closing costs, but it would open up the REO market to ya.

There are bandit signs galore here as well. I actually have been calling a lot of them recently, and getting a feel for how they do business.

But if I lived in Jersey, I could get hard money financing based on ARV, with no doc loan requirements. This would mean I could start rehabbing again! Of course then I would be happy if there were a lot of wholesalers,