Wholesaling 301
What To Do With Conventional Mortgage Buyers
In this great training session, Preston Ely is joined by investor Tim Mai, who could pretty much do deals with conventional loans in his sleep. Here’s the problem: Most banks don’t want to work with wholesalers because we use assignment contracts in our deals. So, Tim will show you the solution by restructuring the contract using different addendums to make your deal work. He and Preston are gonna walk through the steps involved so you can do deals in which sellers have conventional mortgages, which includes slightly different paperwork – but more importantly – it’s really about building rapport and working the right way with your seller.
Discover and Learn:
- How to document a deal when a conventional loan is in play
- To whom your assignment fee should move to in order to get the deal around the bank issues
- How Preston negotiates deals with sellers who are using conventional loans
- Why you are going to end up sending an ‘invoice’ as part of the deal
- What an Affidavit and Memorandum of Purchase and Sale Agreement is and why you need one
- And much more…
Watch Now:
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