OK at the very least how do you all estimate repair costs so wholesalers can make offers based on necessary repairs? Can anyone suggest a book that will teach me how to estimate repairs?
"How To Become a Qucik Turn Real Estate Millionaire" by Ron LeGrand is a very good choice on this matter and it is possible for you to have a good understanding of wholesaling after reading it.
You make a contract assumable by saying on the contract the buyer is your name or as assigns
Some contracts also have a checkbox indicating whether it is assumable or not.
A double close is where you close with the person you are buying it from the same day you close with the person buying it from you. That way you hide how much you are making.
[addsig]
No input on this situation?? From what I have read is that I will have to pay taxes on the 2 new houses as personal income thus our profits will be much less. Any ways around this or any other way to get the most out of this property?
OK at the very least how do you all estimate repair costs so wholesalers can make offers based on necessary repairs? Can anyone suggest a book that will teach me how to estimate repairs?
"How To Become a Qucik Turn Real Estate Millionaire" by Ron LeGrand is a very good choice on this matter and it is possible for you to have a good understanding of wholesaling after reading it.
You make a contract assumable by saying on the contract the buyer is your name or as assigns
Some contracts also have a checkbox indicating whether it is assumable or not.
A double close is where you close with the person you are buying it from the same day you close with the person buying it from you. That way you hide how much you are making.
[addsig]
No input on this situation?? From what I have read is that I will have to pay taxes on the 2 new houses as personal income thus our profits will be much less. Any ways around this or any other way to get the most out of this property?
-Sly