So its Tax Return Season.....

The Don

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It pays to be broke around tax time....I'm getting a DSLR camera and starting my real estate wholesaling business....gotta make that money dance :myman:
 

Based Lord Zedd

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Gonna go on a vacation. I'm a little mad it wasn't bigger but at the same time last year I owed money. Refund gonna hit like 2 weeks after my last irs payment goes through smh.
 

The Don

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Real estate wholesaling? Care to explain?
Basically the middle man....you find an owner who's selling or wants to sell their house and match it with a cash buyer.....basically if you negotiate and agree to buy a house from a seller for $30,000...you get them under contract and put the closing date 1-2 weeks out, once the contract is signed you list it or send the info to your list of buyers for $35,000.....once you find a buyer and close you get a check for the difference which is $5000 and go straight to the bank :myman:
 

posterchild336

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Basically the middle man....you find an owner who's selling or wants to sell their house and match it with a cash buyer.....basically if you negotiate and agree to buy a house from a seller for $30,000...you get them under contract and put the closing date 1-2 weeks out, once the contract is signed you list it or send the info to your list of buyers for $35,000.....once you find a buyer and close you get a check for the difference which is $5000 and go straight to the bank :myman:

Ok I see... What happens in the event you don't get quick buyer...which will happen realistically? Just be prepared to sit on the house for a bit before cashing in.....
 

The Don

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Ok I see... What happens in the event you don't get quick buyer...which will happen realistically? Just be prepared to sit on the house for a bit before cashing in.....
That's the thing....you want to negotiate a deal that will attract a buyer...if not just leave it alone. You gotta make the seller realize you're doing them a favor by getting their house under contract
 

posterchild336

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That's the thing....you want to negotiate a deal that will attract a buyer...if not just leave it alone. You gotta make the seller realize you're doing them a favor by getting their house under contract
Good luck with this..... Update us later on this year
 

Pool_Shark

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pay some bills, buy my kids something, and save the rest. I learned my lesson. It's so much money (to me) at one moment I'm just going to put it away cause I'm not smart enough to do smart things with it.
 

Romey Rome

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yo im 200 off from the earned income credit any tips on gettin it down so i cant get that extra paper?
 
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