Comments on: Wholesaling and Offer Formulas- Saturday Night Reader Mail

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Fri, 29 Jan 2010 02:54:04 +0000

[...] Wholesaling and Offer Formulas [...]

By: Stephani

Stephani — Wed, 06 Jan 2010 01:04:03 +0000

Hey Ramon,

Welcome to the site!

I have never done any short sales. There’s a lot of money to be made with them, but I don’t have the patience…

Nathan is a good guy to learn from. I was friends with him back before he went “guru.”

By: Ramon Willingham

Ramon Willingham — Tue, 05 Jan 2010 17:55:44 +0000

First off great info Steph, everything I have heard from you is right on! It doesn’t hurt that you are a very beautiful and educated woman in wholesaling either. I’m going to follow you for my wholesaling business. For Short Sales, I believe Nathan Jurewicz and Cory Boatright are the experts in that field. Are you doing any short sales in this market right now?

By: Stephani

Stephani — Mon, 07 Dec 2009 19:48:48 +0000

Hi Greg,

Most of the time you can just submit a copy of your check, and they don’t cash it until the offer is accepted. This usually applies whether or not you write that clause into your contracts.

Steph

By: Greg

Greg — Mon, 07 Dec 2009 19:45:11 +0000

Hey Steph,
One more question regarding EMDs. In the MLS it states that you have to submit a copy of the deposit with the offer. Do you still write in the offer that “EMD will be deposited upon acceptance…” Thanks!

By: Stephani

Stephani — Thu, 03 Dec 2009 00:47:17 +0000

Hi Greg,

You can write the following into your offer…. “Earnest money to be deposited upon acceptance and ratification of offer..”

They don’t usually cash the check until the offer is accepted anyway..

Hope that helps- and thanks for stopping by.

By: Greg

Greg — Thu, 03 Dec 2009 00:18:12 +0000

Hey Steph! Just found your Blog. Great information and design!
My question is about EMDs. When you are submitting multiple offers do you have to have a separate EMD for each offer or is there a way to have a copy of one EMD for all offers? Thanks!

By: Jason

Jason — Tue, 01 Dec 2009 07:14:01 +0000

Hi josh

Im in LA to!! would love to network with you!

my email is jasonedwardharris@gmail.com, Have many other wholesale friends to, love for you to join the circle!

By: Stephani

Stephani — Sat, 28 Nov 2009 20:58:22 +0000

Hi Carey- I’m thinking of starting a T-shirt line…don’t think it will be ready by X-Mas, but maybe Easter.

Regarding the offer formulas- they may work fine for some, but I find it much easier to just ask the investors what they are paying (or look at the low comps), and then make my offers accordingly..

Hope you had a Happy Thanksgiving! I think I gained 10 pounds.

By: Carey_PA

Carey_PA — Sat, 28 Nov 2009 20:42:16 +0000

Love the shirt Steph. Wonder if Santa will get me one for xmas???

As far as the video goes…you know actually I’ve always use the 70% formula and last year maybe lowered it to the 65% formula but I gotta tell you…..since learning about your method, which makes total sense, that’s the way I’ve been going since I got back into the swing of things.

I’m gonna stick to it. It just makes the most sense, imo. Thanks Steph!
.-= Carey_PA´s last blog ..Goin back to Cali…. =-.