Yes, they sometimes ask for extra types of security if they're worried about the borrower's ability to repay.

The value of a good Wholesaler is his ability to find properties that other people are not aware of and present those deals to someone at a fair price.

I consider the ability to clearly communicate meaning, using the most common everyday words and phrasings, a far better measure of expertise.So, be crystal clear in how you express yourself, and others will have an easier time understanding.

., agreement on specific loan terms.Therefore, MHI seeks HUD’s concurrence that the following communications between a home buyer and a manufactured housing retailer or salesperson do not rise to the level of negotiating under the SAFE Act.Discussing the home buyer’s ability to afford a particular home, i.e., examples of monthly payments for a particular home.Discussion of various alternative financing options.Presentation and/or discussion of generic facts sheet or generic rate sheets (which may be provided by financing sources).Closing personal property transactions.

The hardest part of it all is getting enough capital to do deals yourself - it's teaching me patience, though - it's finding the RIGHT folks to fund your deals and your ability to put in laymen terms what you're doing and showing how/when they'll get paid.

Hey, my neighbor needs surgery but has no health insurance, so i'll go to a medical doctor site, read about surgical techniques and then offer to perform the surgery for my neighbor.It never ceases to amaze me that people with no knowledge or experience think they can be successful in real estate; what it really is is an arrogance that devalues the ability, experience, knowledge of those that have studied and performed successfully in the field for many years.

In the absence of verbiage re back up offers, I am unclear about the right to take back up offers but it would be reasonable that a seller be able to protect his position if you fail to comply with your contract.As a property owner I would not agree to a contract where a wholesaler was not qualified to buy the property himself if I were bound by an agreement that restricted my ability to sell.

You need the ability to free up any property with a pro-rated reduction.

(1) extensive knowledge of the local real estate market and extensive knowledge of the property type your looking for (2) the ability to negotiate in the face of what might be complicating situations (bankruptcy, probate, foreclosure, etc.) and the longevity to have been through a thousand deals to find this one in a thousand opportunity.If we are talking about finding a property that has 30-50% profit potential once something else occurs (repositioning, rehab, new highway, etc.) than the scenario is much more frequent.

Commercial lenders often look at management experience as well as the ability for a property to create cash flow.