Real Estate Investing

Part 3, Co-Wholesaling: A Disaster!

By on Jun 13, 2017 in Real Estate Investing, Uncategorized | 1 comment

            You have the opportunity to buy a good property on great terms. You think it would be a great property for you to fix and flip or, if you get too busy, possibly wholesale to another rehabber. I suggest that after speaking with the seller, the first thing you do is make a quick online search by going to the website for the local county auditor or county...

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Part 2, Co-Wholesaling: A Disaster!

By on Jun 8, 2017 in Real Estate Investing | 2 comments

            In my last post, I began telling you about a problematic file on my desk relative to an investor who had a contract assigned to him by two individuals who were “co-wholesaling.” After the deal went sideways, he contacted me and retained my services.             Upon reviewing the paperwork sent to me, another problem quickly appeared. The contract that...

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Co-Wholesaling: A Disaster!

By on Jun 6, 2017 in Real Estate Investing | 5 comments

            I have been working on a problematic file on my desk relative to an investor who thought he was buying a property from a wholesaler. It turns out that two guys went together to “co-wholesale” to my client a property they did not own. They assigned the contract to my client. Unfortunately, the assignment was flawed because the underlying contract was...

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Beware of the Investor

By on Jun 1, 2017 in Real Estate Investing | 2 comments

            Almost all of us have seen the ads about how you can buy or invest in real estate with little or no money down, and many residential real estate investors have come to believe that they can do that in the note investing and commercial real estate world as well. They quite literally are trying to do such deals “naked”. They have no funding, no accounting,...

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Get It “All In”

By on May 30, 2017 in Real Estate Investing | 1 comment

            We rarely see the lawyers in TV shows spending hours carefully writing legal agreements. Getting all of the terms and promises in writing doesn’t make for exciting TV, but it sure makes for good business.             As many of you know, I have the opportunity to get involved in a number of different kinds of real estate transactions. I was brought in on...

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Your Investing Parameters

By on May 25, 2017 in Real Estate Investing | 4 comments

           When I sit down with investors or talk with them by phone, occasionally one says they are looking for a great deal.             “Jeff, I need to find a great deal. Can you help me?”             “Well, what are you looking for?”             “I don’t know. I’m looking for a great deal.”             “What do you mean by a ‘great deal’?”             After a...

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