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Category: Debt Dumper Tips
10 Comments
23:19, 30.04.2009
As a wholesaler how do you introduce yourself to other investors? I’ve heard of certain investors being turned off by the notion of wholesaling because they feel that they can find these deals themselves. Do you flat out state that you are a wholesaler or do you use some other term?
11:42, 02.05.2009
“Hi, My name is Michael…” I’m not only a wholesaler, but thinking others would be turned off by that fact is a self limiting comment. Never heard that before in real life. Many that find out I wholesale deals are eager to get on my list.
“whatever you are, be a good one” (think that’s from Lincoln)
22:48, 25.11.2009
after you have the seller signs the contract do you submit the contract to the title company? and then when you have your buyer sign the contract do you submit that contract to the title company too? and do YOU pull title to look for any encumbrnces, or do you let the buyer do that?
01:12, 08.02.2010
Hi Mike is Walis Santana again,is about the question for the contract,that I need,I’m steel confused,because the closing company give me a contract for Purchase a home,and I’m not sure if a can use that contract,I have one that is simple is just one page that I got it from someone on the Internet and it said and or assig,other question that I have is do I need any kind of license to make business cards?Thanks Mike for your help I apreciate
19:47, 23.04.2010
Hey Michael, how are you? When assigning your contract to the buyer, do you also give them a copy of the purchase contract between you and the seller?
11:30, 26.04.2010
@sen1twin – yes, the buyer is “buying” that contract
03:33, 19.06.2010
Hi Michael. Great Video. When the buyer and you sign the Assignment Document does it have to be Notarized? Also, Is it a MUST that the seller also signs this? If so does the seller ever get upset seeing how much you will make? Look forward to hearing from you. Thank you
18:18, 21.06.2010
@RichJinPA – I don’t notarize my assignment form. My form does not need to be signed by the seller since my purchase and sale agreement is assignable. I did have one title agent ask for a signed (by seller) assignment form – I got her to agree to have a separate form without the assignment fee.
The seller never really sees my fee, they really only care about the deal closing and them getting what they were promised.
11:19, 22.06.2010
@localmentor Thank you Michael. That’s a great help. I’m trying to initially get into the business by assigning my contracts until I can accumulate some money (unemployed right now). This way if I try other techniques (Sub2, L/O..) I have something for those “just in case” moments. Thank you, again.
18:38, 04.07.2010
GREATjob micheal,good info,trent