Comments on: Deals, and Oprah, and Stuff.. http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/ Wholesaling Real Estate Blog Sat, 11 Feb 2012 16:26:30 -0700 http://wordpress.org/?v=1114 hourly 1 By: Tony Zamberlin http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2896 Tony Zamberlin Wed, 23 Sep 2009 19:31:48 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2896 Steph, When making offers and doing simeltaneos closings, what do you put in the "property to be deeded" in blank on the contract?? PS. I have multiple offer situations on two reo deals right now, not sure what to do to get mine accepted!! the other offers are like 6k more than mine!! ?? Steph,
When making offers and doing simeltaneos closings, what do you put in the “property to be deeded” in blank on the contract??

PS. I have multiple offer situations on two reo deals right now, not sure what to do to get mine accepted!! the other offers are like 6k more than mine!! ??

]]> By: Tony Zamberlin http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2895 Tony Zamberlin Wed, 23 Sep 2009 19:30:05 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2895 so do you mark up when advertising other wholesalers deals?? Also do u have an email buyers list or do u just call your buyers with deals?? so do you mark up when advertising other wholesalers deals?? Also do u have an email buyers list or do u just call your buyers with deals??

]]> By: Stephani http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2756 Stephani Wed, 16 Sep 2009 00:41:01 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2756 I advertise deals I have for sale, or deals that other wholesalers are selling. I advertise deals I have for sale, or deals that other wholesalers are selling.

]]> By: Tony Zamberlin http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2753 Tony Zamberlin Tue, 15 Sep 2009 21:44:04 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2753 Stehp, What ad do u use on Craigs to attract buyers?? thanks in advance. Stehp,
What ad do u use on Craigs to attract buyers?? thanks in advance.

]]> By: Stephani http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2646 Stephani Sat, 12 Sep 2009 15:09:29 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2646 There should be a box that you check that says whether your offer is cash or contingent upon you getting financing. There should be a box that you check that says whether your offer is cash or contingent upon you getting financing.

]]> By: Jamie http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2645 Jamie Sat, 12 Sep 2009 14:07:20 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2645 Thanks Steph. Could you please go into detail more about submiting an offer using a financing contingency? What will it say? Thanks Steph. Could you please go into detail more about submiting an offer using a financing contingency? What will it say?

]]> By: Stephani http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2643 Stephani Sat, 12 Sep 2009 06:31:29 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2643 Hi Jamie, Don't worry about asking too many questions- that's what I'm here for. :) Your offer will appear much stronger if you are offering cash, so I would recommend trying that first. Some banks will not accept letters from hard money or trans funding sources as cash offers, but there's no way to know unless you make the offer. If they say no, then submit the offer using a financing contingency instead. My suggestion is to make some offers with the letter you have and then see what sort of response you get. It's not that big of a deal- most of the banks and their asset managers have their heads up their asses, so try not to feel intimidated... :) Steph Hi Jamie,

Don’t worry about asking too many questions- that’s what I’m here for. :)

Your offer will appear much stronger if you are offering cash, so I would recommend trying that first.

Some banks will not accept letters from hard money or trans funding sources as cash offers, but there’s no way to know unless you make the offer. If they say no, then submit the offer using a financing contingency instead.

My suggestion is to make some offers with the letter you have and then see what sort of response you get.

It’s not that big of a deal- most of the banks and their asset managers have their heads up their asses, so try not to feel intimidated… :)

Steph

]]> By: Jamie http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2641 Jamie Sat, 12 Sep 2009 05:04:06 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2641 Hi Steph, Sorry to bombard you with all of the questions, but you have no idea how much I have learned from your comments, blogs, websites,e tc in the past month. You really are great, but anywhoo....to my question when you submit offers to the banks and there is the line in the contract that asks what type of funding you are using. obviously, if your using cash that is not a problem, but when your're using trans funding is where my question is...have you or anyone you know ever ran into problems where banks ask what type of funding this is or have them reject it because they know what your trying to do...or instead of putting trans funding could we just put cash? THanks. Jamie Hi Steph,

Sorry to bombard you with all of the questions, but you have no idea how much I have learned from your comments, blogs, websites,e tc in the past month. You really are great, but anywhoo….to my question when you submit offers to the banks and there is the line in the contract that asks what type of funding you are using. obviously, if your using cash that is not a problem, but when your’re using trans funding is where my question is…have you or anyone you know ever ran into problems where banks ask what type of funding this is or have them reject it because they know what your trying to do…or instead of putting trans funding could we just put cash? THanks.

Jamie

]]> By: Stephani http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2632 Stephani Thu, 10 Sep 2009 21:51:54 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2632 When doing a simultaneous closing, you will not need transactional funding because you are using the money from your buyer's purchase to fund the purchase between you and the bank. Steph When doing a simultaneous closing, you will not need transactional funding because you are using the money from your buyer’s purchase to fund the purchase between you and the bank.

Steph

]]> By: Stephani http://www.flipthiswholesaler.net/2009/09/deals-and-oprah-and-stuff/#comment-2631 Stephani Thu, 10 Sep 2009 21:50:44 +0000 http://www.flipthiswholesaler.net/?p=2368#comment-2631 When you make your offer, the bank is not going to know that you are reselling the property, and this is not something that you want to tell them. If they have a problem with your proof of funds letter, they will let you know when you make the offer. Most banks will accept them, but some won't. The only way to find out is to make the offer and see. Don't scare yourself out of moving forward. Make some offers, see what happens, and go from there. Steph When you make your offer, the bank is not going to know that you are reselling the property, and this is not something that you want to tell them. If they have a problem with your proof of funds letter, they will let you know when you make the offer. Most banks will accept them, but some won’t. The only way to find out is to make the offer and see.

Don’t scare yourself out of moving forward. Make some offers, see what happens, and go from there.

Steph

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