The wholesaler never takes title.
Log in to followTrying to work out the real number before I decide anything. Everyone says wholesaling is the no-money strategy but you still have to put something down with the seller, right? An…
Learning how private money moves and this one nags at me. A flipper owns the house and insures it. A landlord insures it. A wholesaler owns nothing at any point, so is there anyth…
Deal I'm working: contract with the seller at $186,000, cash buyer verbally at $200,000. So $14,000 of spread. Seller is an heir who inherited the house from her mother. She think…
Underwriting is where I spend my time and I'm looking at this from the outside, so push back. The pitch on reverse wholesaling is that you sign up the cash buyer first, get their…
Under contract at 142. Assigned to a buyer at 159, so $17k to me, standard one-page assignment, non-refundable $5k deposit from him at signing. He's now telling me he can't close…
I've bought two rentals from wholesalers so I've seen this from the other side, but I'm now looking at whether I could do an assignment myself on a house I can't finance. Where I'…
I've been looking at rural land rather than houses, and I've found two parcels where the owners are out of state and have stopped paying the taxes. I don't want to own them. I'd r…
Renovation is my usual lane and I keep getting handed these because nobody else wants them. Current one: seller inherited, holds title alone, house is full floor to ceiling, and h…
Mostly I read about notes so this is new ground for me. An agent sells a house and gets a commission. A wholesaler assigns a contract and gets an assignment fee. In both cases som…
I'm building out a done-for-you dispo and transaction coordination service for wholesalers. Flat $1,500 per closing. The work is taking their signed purchase contract, sending it…
I've watched maybe ten videos on wholesaling now and every single one says you sell your "equitable interest" instead of the property. Nobody explains what that is. If I never tak…
I lend money, I don't want to own houses, so forgive the basic framing. Everything I've read says wholesaling requires no money. Then when I read further there's earnest money, ma…
Rehab guy here, mostly I get called after someone else has locked a house up. But a seller found me directly through a mailer test I was running and I'm trying to do this one as a…
My monthly software bill has crept up and I can't tell what's earning and what's just sitting there. Right now I'm paying for a data platform, a skip tracing account, a dialer wit…
This phrase keeps showing up in the compliance chapters I go through and nobody defines it in a way I can act on. If I have a house under contract at 180 and I want 195, at some p…