When it comes to wholesaling land. On the assignment contract would you keep the non refundable deposit from the assignee as high as $5,000? Or would you make it lower?
This is golden information! I was struggling trying to figure out how to write the assignable contract. I love how much knowledge you guys share. Thank you so much! Gold, diamonds, million dollar information has been shared. PRICELESS....
So if i needed to can i use this contract that were going over ; i just want confirmation. Still going over it with my lawyer , but i love the simplicity of it.
June 5th was my birthday. I’m at my regular job rn sick to my stomach trying to gather myself from panicking and anxiety attacks I can’t take this anymore. I just wanna help my family and not be stuck like this anymore.
Hey I don’t wanna get confused. Do we send these contracts to the title company once both are filled out? Or we send the first contract to the title company when we lock the contract. Then send it to the title company again when we assign the contract?
I am a Realtor and started watching your videos but have a property that I know what the Seller is asking which is 40% less than the market. He went through a divorce and wants this property sold ASAP. I reviewed the COMPS and this is basically a Gold Mine. I reached out to my investors and I can Clear 100k by assigning or earn $20k through commissions. Am I overhthinking Integrity? I just don't want to lose business for knowing business too well.
hey rick so im tryna use the contract and upload it to doc u sign, but I'm just wondering how can I separate the purchase and sales agreement from the assignment so I can send out these contracts without any confusion?
I don't have any money to fund my part of the agreement. But while making out the contract, I don't have to pay any money upfront, just when the deal is closed, and then my EMD comes out of my wholesale cut, right?
hello i have a question if anybody can answer it thank you. When i sign my name if i'm independent and not with a company nor do i have a LLC. Am i just going to have to risk putting my name on it or do i put my name and i add the title company? but then i'm thinking he said you have to add president so i couldn't lie and say i'm president of the title company. HELP thank you!!!!!
A bit late to this but i’m an 18 year old right out of highschool trying to get into wholesaling but i’m looking for the best way to learn such as who i should learn from, how i create my own contracts, also how to not make a mistake that could blow a deal that could make me lose an investment, and also most importantly how much i need to start if anyone has any suggestions or advice please reply to my comment so we can get in contact or put me in the right direction.?
Rick. Very important question here. Should we get a LLC prior to starting this? I mean if we dont then we have to change our email, socials, and suff later. It would also protect us if we get sued, right? Because the business would get sued and not us personally. Or should we get a few deals in THEN get a LLC?
Open in google then hit print. When it asks you about All pages hit custom and put 1-2 and it will only print psa. Do the same for Assignment just put pages 3-4 and only those will be downloaded.
What if you don’t want the buyer or seller to know how much you are making on the transaction? @22:40 they still should see what you have the property under contract?
If im using the buyers EMD to fund my EMD between the seller and I, does the buyers EMD go to me, then I send it to the title company? Or does the buyers EMD go to the closing company alone then I put a clause that states I can use the EMD from the buyer to fund the selller side EMD?
hey rick when you said you can put youre name as the buyer why would you put youre name and not youre cash buyers name or llc ? am i missing something you were saying
@@aquajahhicklin7799where in pa you from ? And since I posted that comment I’ve expanded my cash buyers list and built relationships with realtors 😭 im posting this at 5am just grindinggggg😂
He's just saying if you get a really good deal on the property and you can afford to pay closing cost that move can substantially motivate your potential buyer to agree to your sale price thus closing the deal
Ive seen where some wholesailers, write a check, separate from deposit for the inspection period? Usually like $10 dollars. Is this necessary, and escrow used to be like 10 days now is 30 days more the standard? Thanks in advance.
