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How to Get Your First Rental is happening in 14 hours
Fincen- Metropolitan is no longer requiring it
Don't know what title company everyone uses, but Metro stopped requiring Fincen for cash sales! I know in the beginning of March ALL title companies were, hopefully more stop it.
Novations
Hi Everyone! I'm planning to do a novation with a wholesaler with me listing the property as the realtor. The problem is that both the wholesaler and I have never done a novation. I asked my broker's advice (no novation experience) and Ben Wahli (a broker that did one novation that didn't sell). They said that it's fine to have the wholesaler sign the listing agreement. However, when I went to chat GPT, and inputed all the information - PA, texts, what my broker told me - it came back and told me that was not the correct way to go about it. Has any had any experience with novations? Here is the link to my Chat GPT thread if anyone wants to reference it: https://chatgpt.com/share/69bea2e5-5cd0-8000-be63-ea74087888b8
WHOLESALE FEE CALCULATOR
@Davonte Malone Joined today and asked for a wholesale caculator. I created this one! https://docs.google.com/spreadsheets/d/1ZZLpAwsP6pl8Qm9FphwbVwbFthX_WuAf/edit?usp=sharing&ouid=114922022913708757744&rtpof=true&sd=true It will also be added in the scripts and documents!
Marketing strategies
What is your guys best marketing source, and what’s your worst?
FHA 90 day rule
I’ve been trying to get clarity on the FHA 90-day rule for a flip I’m preparing to sell, and honestly, some of the info out there felt ambiguous. This video helped clear it up for me: https://youtu.be/vnPuKW1n5pQ?si= If you’re flipping and planning for FHA buyers, it’s worth the watch.
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