Owner occupant buyers
Investor has contract with seller. Investor gets home inspection and low DP mortgage contingency.
End buyer puts 5% down on acquisition plus wholesale to cover PNS if they back out
Issue: How do we get an appraisal on the higher sale price (acquisition plus wholesale) before closing
Conventional finance where end buyer agrees to pay wholesale fee out of pocket from beginning.
Finance a note for the wholesale fee
On wholesale assignment
Cash at Closing
Note: Terms. DP $1k, 1% month for 1 year. No prepayment. Extension with fee.
Hard money refinance
Our right to do due diligence and renegotiate. Split difference with Seller who is expecting sale
Find buyers and criterion by providing them with actual properties
Time spent possibly cancelling contract
Get properties under contract for low MLS price
Close out swampscott
Until under contract
Get whatever info they will divulge about area and price
Salem area of interest
AOW Wholesaling Account
Austin Properties TD Account
Pay Jelissa administration fee
Give all access to the account
Pay splits and Susan marketing out of account
Marketing to new areas in the near future