Real Estate Investing Training Video Wholesale Deal Part 2
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@ChateauSiran1986 so could I. Your question sounds like you would be a good Hard money lender... D.W. Van Hook
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@localmentor Yes.
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@raulchacon123 Ask a Attorney to allow you to sit in on a closing. Each party gets a copy and copies have to be filed. There alot of them - to many to list. My last closing there were 14 sets of them.
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@raulchacon123 - this was a double closing if I recall
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@TheMotifES8 - yes and no, not yet.
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great vid. me being new to real estate and wholesaling for some reason was nervous/scared about closings and paperwork but watching this vid. it seems like theres nothing to worry about. the only question i have is that what if you cant find a buyer ? what happens then ?
Ednyce81 7 months ago
@Ednyce81 see michaeljake d o t c o m for a video on how to build a buyers list, but any contingency in your contract will allow you out of the deal - like "inspection" or "subject to partner approval" if for some reason you can't find a buyer, you notify the seller that you are not going to close do to that contingency....or any buyers that you did have look at the deal and didn't take it - ask them what they would take it for and go back and renegotiate with the seller.
localmentor 7 months ago
with $200.000 start capital, can I turn that in a 1.000.000 dollar net worth in one year with real estate?
ChateauSiran1986 8 months ago
@ChateauSiran1986 - no idea what your skill level is. Could I? Yes
localmentor 7 months ago
I noticed your check was an odd number. Was that your assigning fee? Where there any title/tax fees deducted from your gross check amount? Thank you
TheMotifES8 1 year ago
@TheMotifES8 - I believe this was a double close, so yes there were some closing costs
localmentor 1 year ago