Investors You Need to Write Clean Offers to Banks!

Investors You Need to Write Clean Offers to Banks!
I recently listed one of the houses we purchased on the MLS with no repairs, asking for a cash-only investor. Trying to wholesale real quick via the MLS.  Sure enough, I got a ton of phone calls the first couple days and some interesting things happened. The lock-box combo is not...
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Inland Empire Wholesale Deal Sold – House #21

Inland Empire Wholesale Deal Sold – House #21
We closed our sale escrow on House #21 yesterday.  The time line when exactly as planned out in my previous post.  The investor who purchased the property is on of the largest in the area and buys a lot of properties, so hopefully we can sell him a couple more. The profit margin...
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What is Transactional Funding?

What is Transactional Funding?
If you are into or looking to get into wholesaling you will want to know about transactional funding.  A bunch of third party companies have set themselves up to help investors get this process done. Transaction funding is made for investors who would like to wholesale properties...
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Inland Empire Wholesale Deal – House #21

Inland Empire Wholesale Deal – House #21
As I mentioned earlier we went through our options on House #21 and came to the conclusion that we had many good options, but wholesaling it was the highest on the list.  We’ve bought eight houses in the last 6 weeks and really don’t want to have six retail properties...
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Earnest Money Deposit on REO Properties

Earnest Money Deposit on REO Properties
When you submit an offer on any piece of Real Estate you will have to provide an Earnest Money Deposit on the property.  This demonstrates that you are willing to take action on purchasing the property and you actually have the funds.Your deposit is a commitment to purchase the property...
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California Escrow Companies – How to pick one?

California Escrow Companies – How to pick one?
So you’ve decided to get into wholesaling, flipping or the rental game.  Everyone has told you to get a strong support team ready to make your business a success.  Picking a good escrow company can make or break your business. To get to the basics, an escrow company is the...
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Finally got one!

Finally got one!
Well, after many offers, we finally got an accepted one.  This house is an okay deal and we most likely planning to wholesale it.  We can probably make 60-70% of the profit we’d regularly make fixing and flipping versus wholesaling. It is a 4 bedroom, 2 bathroom with a pool. ...
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Inland Empire Real Estate

Inland Empire Real Estate
Well the market here is still extremely hot!  No one outside of Real Estate can understand with the current market conditions how it can be a seller’s market.  All of the moratoriums have really hampered the avaliable inventory and now that we are in the busy season...
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House #9 Closed – Accepted Offer on House #3

House #9 Everything on House #9 went as planned, which is not very common in this business.  The escrow company that the bank picked I was nervous about, my agent has had numerous bad experiences with them.  At the end of the day, they did a professional job of being organized and...
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House #9 – The Wholesale House

I just got back from wiring money on House #9.  We wholesaled this house to the same investor who bought House #7A and #7B.  He is looking for rental properties and already has this one rented for $900/mo.  It wast listed for $89k in the MLS, and we ended up selling it to our buyer...
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