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In this lesson, you will discover why most newbies getting involved with wholesaling in real estate are getting their contracts cancelled.
They also get threats and in trouble and attract the worst of seller attitudes.
This 5 powerful tips cover title before buyer, prequalify buyer, fear and attraction, identify why, pipeline
Below is a question for us to address with this lesson...
If the grace period for an inspection expires, does this mean as the Wholesaler I would be liable for title fee from the TItle company if I can't find a Buyer?
There was no EMD placed on the contract.
So would I be in default under the contract if it reads ...If Buyer defaults under this contract, any and all monies deposited by Buyer(s) shall be retained by Seller as full liquidated damages"?..
The Owner is so difficult to work with, and inflexible.
Closing for the property is next week but I have no buyer.
The initial buyer changed his mind, so now the seller has threatened to sue me if I don't bring a buyer to the table.
Can he do this?
I used a purchase agreement which under the inspection contingency it reads that, the buyer may cancel in writing with a written notice "prior" to the expiration of inspection period.
However, the inspection period lapsed. Any suggestions are appreciated.”
Enjoy the video.
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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