Comments on: Mojo, and Deals, and Battles- Oh My! http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/ Wholesaling Real Estate Blog Sat, 11 Feb 2012 16:26:30 -0700 http://wordpress.org/?v=2751 hourly 1 By: Adam http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3904 Adam Wed, 25 Nov 2009 00:18:23 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3904 Much appreciated Steph! Much appreciated Steph!

]]> By: Stephani http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3898 Stephani Tue, 24 Nov 2009 20:15:03 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3898 Hi Adam, I sell 99% of my deals to cash or hard money buyers. In most cases if the buyer wants to use conventional financing, it will not work because of title seasoning issues... Steph Hi Adam,

I sell 99% of my deals to cash or hard money buyers.

In most cases if the buyer wants to use conventional financing, it will not work because of title seasoning issues…

Steph

]]> By: Adam http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3897 Adam Tue, 24 Nov 2009 20:08:58 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3897 Hello Stephani, Just curiuous.... Do you ALWAYS sell to a cash buyer? Just wondering if you have ever sold a REO to a Buyer who is getting traditional financing? Thank you, Adam Hello Stephani,

Just curiuous…. Do you ALWAYS sell to a cash buyer? Just wondering if you have ever sold a REO to a Buyer who is getting traditional financing?

Thank you,
Adam

]]> By: Stephani http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3392 Stephani Sun, 25 Oct 2009 13:59:26 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3392 Hi Shawn, I don't know how it works in Texas. I saw that you posted the question to the Flipping Homes forum.. if you don't get an answer there, I would just call up a title co in your area and ask them.. Steph Hi Shawn,

I don’t know how it works in Texas.

I saw that you posted the question to the Flipping Homes forum.. if you don’t get an answer there, I would just call up a title co in your area and ask them..

Steph

]]> By: Shawn Rand http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3391 Shawn Rand Sun, 25 Oct 2009 06:30:10 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3391 Steph, When you close on a home, and you are married, does your spouse have to sign the closing papers if you are doing a double closing. here in TX it is a community property state. Steph,

When you close on a home, and you are married, does your spouse have to sign the closing papers if you are doing a double closing. here in TX it is a community property state.

]]> By: Stephani http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3390 Stephani Sat, 24 Oct 2009 22:53:07 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3390 You can try to to go back and get the price lowered, but there's no guarantee that they will do so. Same thing with an extension. Sometimes they will let you extend the contract, but will charge you a fee for each day you go past the closing date. This will all be outlined in the bank's addendum. You can try to to go back and get the price lowered, but there’s no guarantee that they will do so. Same thing with an extension. Sometimes they will let you extend the contract, but will charge you a fee for each day you go past the closing date. This will all be outlined in the bank’s addendum.

]]> By: carlos http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3389 carlos Sat, 24 Oct 2009 19:31:31 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3389 Steph, When you have a house under contract and you feel the price is to high can you try to lower the price(when already under contract) . Also is it possible to extend the closing date an extra week?. thanks! Steph, When you have a house under contract and you feel the price is to high can you try to lower the price(when already under contract) . Also is it possible to extend the closing date an extra week?. thanks!

]]> By: Stephani http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3388 Stephani Sat, 24 Oct 2009 19:16:28 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3388 Hi Greg, I use the metal H stakes. They are just really short- if you look at the bottom of the sign you can see them a little bit. Hi Greg,

I use the metal H stakes. They are just really short- if you look at the bottom of the sign you can see them a little bit.

]]> By: Greg http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3387 Greg Sat, 24 Oct 2009 19:12:48 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3387 Hi Steph, I saw that you don't use stands for your bandit signs. What do you use so the sign doesn't fly away or tip over? Thanks Hi Steph, I saw that you don’t use stands for your bandit signs. What do you use so the sign doesn’t fly away or tip over? Thanks

]]> By: Stephani http://www.flipthiswholesaler.net/2009/10/mojo-and-deals-and-battles-oh-my/#comment-3386 Stephani Sat, 24 Oct 2009 16:28:36 +0000 http://www.flipthiswholesaler.net/?p=3293#comment-3386 Hi Jamie, If it's not an REO, you can just assign the contract. Here's an article that explains the process: http://www.flippinghomes.com/articles/readarticle.aspx?artid=41 If it's an REO you will have to close on the deal yourself and then resell it. There are ways to do this without using your own money. I use a simultaneous closing to close my REO deals. Here's a video that explains how I do it: http://www.flipthiswholesaler.net/2009/09/simultaneous-closing/ Hope that helps, Steph Hi Jamie,

If it’s not an REO, you can just assign the contract. Here’s an article that explains the process:
http://www.flippinghomes.com/articles/readarticle.aspx?artid=41

If it’s an REO you will have to close on the deal yourself and then resell it. There are ways to do this without using your own money. I use a simultaneous closing to close my REO deals. Here’s a video that explains how I do it:
http://www.flipthiswholesaler.net/2009/09/simultaneous-closing/

Hope that helps,
Steph

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