Housing Resources In most cases the end buyer will have to be a cash buyer, because most lenders have issues with title seasoning, unless you deal with a local bank or credit union. I would like to clarify that contrary to a common misconception, double closings are legal if done properly.
Brett Snodgrass is a licensed real estate broker and wholesaler who hails from the Indianapolis metro. His mission in life is to glorify God by serving as many people as he can through his real estate business. He has a pretty active community growing on Facebook and is also the founder of SimpleWholesaling.com Come check it out now and connect!
u AboutResources – Coaching and BooksPodcastBlogForumShopMember’s LoginCustomer SupportMedia KitReal Estate News How to
Candelario, v James Newport on November 5, 2015 6:44 am God bless, and have an awesome day!! There is another way to invest in real estate with long-term rentals; commercial properties. To be honest I have never invested in commercial, and I am not an expert on investing in commercial. Rent terms are usually much longer with commercial, and it can take a very long time to find a tenant. There are many types of leases: some leases have the tenant paying everything including repairs and maintenance. Other leases have the owner paying almost everything, including converting/remodeling the property to the tenants needs. With commercial properties, loan terms are much different with shorter terms and higher interest rates. In my area, the rate of return is just not good enough for me to venture into commercial, again that may be different in different areas of the country. It is a good idea to talk to a commercial expert before you invest in real estate with commercial properties.
Additional Terms & Conditions I am a new investor and today I found a property online and it indicates that “this will be an assignment deal”, I want to go straight and buy it. how can I do? Looking to understand what assignment deal was I got here. That means that they are the wholesaler who will do all the diligence of the titles and will take me by the hand until the closing or should I act as a wholesaler and do my own diligence?
For thousands of qualifying books, your past, present, and future print-edition purchases now lets you buy the Kindle edition for $2.99 or less. (Textbooks available for $9.99 or less.)
When Things Fall Apart What kind of “Assignment Agreement” needed to be signed? Single family homes are the most obvious choice for most wholesalers. They are plentiful and the most understood property type for most people. Individual condos and townhomes also fall into this category.
Share Facebook Twitter Pinterest