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Results (10,000+)
Timothy Franklin Clarifying the wholesale transaction
15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
Felicia Richardson Reliable Foreclosure Websites
14 December 2024 | 11 replies
What you see has already been passed over by all of the experienced investors.
Lorenzo L. If I'm good at finding buyers, is this a monetizable skill?
14 December 2024 | 2 replies
Hello all, I'm just wondering, i really struggle to find off-market deals but I am good at finding buyers/investors.
Connor Walcher Introdction & Real Estate Jobs in Richmond, Virginia
14 December 2024 | 1 reply
I am interested in working for a REIT firm or a private investor who can show me the ropes of investing in residential, commercial, and/or multifamily real estate.
Leonard La Rocca III NJ Rental Market - Rental Property Green Flags?
14 December 2024 | 3 replies
You should keep saving, get pre-approved so you know where you stand, and start working with an investor-friendly agent to show you homes so you get some reps in.
Barbara GAdams Hello BiggerPockets! New PRO here
13 December 2024 | 9 replies
I'm also a member of ORREIA, Oregon Real Estate Investors Association.
Michael Wentzel Selling portfolios of properties... use agents or loopnet or another strategy?
13 December 2024 | 9 replies
Or are there other strategies to get the properties in front of investors?
Anthony Hillman Nice to meet you all
14 December 2024 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Renee Machat Hello BiggerPockets! New PRO here
9 December 2024 | 2 replies
I'm Renee Machat from Atlanta, passionate about real estate investing although I'm new and just started with the WREIN (women's real estate investment network) end of September.
Michael Le Blanc Fredericksburg, TX - Short Term Rentals (AirBNB/VRBO)
15 December 2024 | 9 replies
Great stuff - this type of regulation is somewhat counter-intuitively a lot better for investors than currently less regulated markets (where you don't know what could change dramatically in the future).