Wholesale Company

Comments(8)

• 
  roberth5th January, 2007

  I use 2 escrows to collect the assignment fees. The original contract for the original sales price is assigned to the buyer, the second escrow is to place my assignment fee prior to placing name on the original contract. The lender only sees the original sales price and they never know a flip occurred. Use the same closing attorney for both escrows.
  Good Luck,
  Robert
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• 
  futureRX6th September, 2006

  Wonderful post Ray. Well spoken.

• 
  ray_higdon6th September, 2006

  Thank You!
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• 
  mcole7th September, 2006

  Great post, Ray! Thank you for sharing.
  
  : )
  
  BTW -- 7,000 in your database? Hmmm...that took a lot of work !!![ Edited by mcole on Date 09/07/2006 ]

• 
  Stockpro999th September, 2006

  I have people ask me frequently "what will you do when the market drops?"
  
  I tell them I will do the same thing that I did the last time it did in my area.
  
  Continue to market, buy cheaper and sell cheaper and make the same profit or more because the novice investors fall out of the market..
  
  A down market is not bad to work in and has many more deals available.
  
  The hardest market to work in is a rapidly declining market, one like Vegas when it dropped 50% in a year ;0
  
  In declining markets you have to shoot ahead of the curve, you need to buy well below your target purchase price, figure repairs, holding costs, and get out quick as each month will decrease your margins...
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• 
  ray_higdon9th September, 2006

  Great points Randall
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• 
  NguyenandCo11th January, 2007

  great write-up...Mpls area is slow but I am sure not as bad as other places.
  
  Any info on some SWFL wholesale deals lmk...

• 
  wallacehobbs11th January, 2007

  Ray,
  
  This was the first post I have read from you but I plan to read some of the other you have done.
  
  Good solid information.
  
  Thank you! [ Edited by wallacehobbs on Date 01/11/2007 ]