Scott Rister's wholesaling course question

Comments(7)

• 
  way_motivated13th November, 2002

  i'll answer for him, yes, it does cover wholesaling sub-to properties....toward the last chapters i believe

• 
  bkopp6613th November, 2002

  Thanks for the response. Do you own the course?

• 
  louismontes28th November, 2002

  Hi,
  
  I am in process of getting started with wholesaling as well. I am just not sure what to include in the purchase contract and what not.
  
  I was wondering how much earnest money I should use when flipping and how long should I give myself before I get out of the contract .... any advise? should I ask the investor for deposit money?
  
  thanks, Louis

• 
  bkopp6629th November, 2002

  I'm a fairly new investor myself, so I would advise getting comments from other more experienced investors as well. I do know enough to say this: Put as little earnest money down as possible(try $100) and have that money held in escrow with your attorney. Do not give that money to a seller directly. If something comes up that keeps the deal from closing like title problems you are entitled to getting that money refunded. Its much safer to have your attorney hold that money than trying to recover it from a private individual. Definitely get a substantial enough deposit (1-5K) from your buyer(also to be held in escrow by your attorney) so that it is not easy for them to bail on the deal without losing substantial money. Above all, have buyers lined up BEFORE you start making offers on property. I would highly recommend educating yourself further before you jump into this venture. I now have Scott Rister's Wholesaling course and it is very thorough. It would be a wise investment in your investing future.
  
  Brennan

• 
  louismontes2nd December, 2002

  Brennan,
  
  thanks alot for your quick response ...
  
  I am thinking of buying Scott Rister course. Does his course cover an example of Purchase Contract as well as what we should watch out for when dealing with retailer buying our purchase contract?
  
  thanks, Louis

• 
  JohnMichael2nd December, 2002

  Quote:
  On 2002-12-02 14:56, louismontes wrote:
  Brennan,
  
  thanks alot for your quick response ...
  
  I am thinking of buying Scott Rister course. Does his course cover an example of Purchase Contract as well as what we should watch out for when dealing with retailer buying our purchase contract?
  
  thanks, Louis
  
  
  Louis,
  
  I suggest contact scott at sales@findmotivatedsellers.com
  
  He can guide and give even more clarity on his course(s).
  
  You can go to partners at TCI and make contact with any of the Investor/teachers at this site.
  
  Have a great day,
  
  John Michael

• 
  louismontes16th December, 2002

  hi,
  
  I was wondering if it is a good idea to mail the purchase contract to the potential seller and have them mail it back signed? do they need to get it notarized before mailing it back to me?
  
  how about the affidavit to cloud the title so the retailer does not go behind my back? does that also have to be signed and notarized by the seller or does the seller actually have to come with me to the court house?
  
  Thank you in advance for shedding some light on this,
  
  thanks, Louis