Kicked from Flip with Rick discord…? · Wholesaling Real Estate

Kicked from Flip with Rick discord…?

Hey guys. Hope you’re all doing well.

Learned a lot about what I thought would be my potential first deal but it turns out from misunderstanding and me genuinely trying to learn understand what was wrong, I got kicked from the discord.

The context was that I posted my deal to one of the server admins JV forms and was having a chat about my contract when I then was being prompted that my deal was shady and practically illegal.

Here is verbatim the feedback i got (and my response in parentheses):

1. it is not turnkey, it needs a light cosmetic reno - (I mentioned it needed light cosmetic, I said turnkey from a copy and paste so that’s on me, but light cosmetic is mentioned)

2. If you put it on market, you need to make sure you have the correct contract because you are opening yourself for a lawsuit - (This property was agreed upon verbally on a contract price before they were “publicly” listed, but both the seller and realtor said they were on the MLS for 2 weeks prior to zillow saying so)

3. You are treating a cash deal as a novation, that isnt legal (my contract clearly states and/or assigns and the timing of them going public on zillow makes it look like a novation, but this was never the case and the seller and realtor knew I was making the contract assignable)

4. An investor needs a discount, you are allowing 0 discount (if my contract is overpriced I understand, simple as that)

5. This is a deal no jv person will touch because of all the illegal shady things with this deal (I found this lead as an “off market” high equity. When i texted the lead with sms blasting, i was referred to the agent. At the time, zillow did not have it listed but the agent was in the MLS for 2 weeks)

After the discussion was concluded, I acknowledged I would take note of the feedback and just back out to be safe and then I was banned…

Note, it was also mentioned I was marketing this illegal and in which case, I would understand if I had stated this was under contract which I made sure not to say and kept it vague like off market rental and opportunity until the verbal was agreed on. Even with the verbal, all I did was say the property and the numbers and asked others around if the deal made sense when they would ask for details.

I would love to be re added since the discussion was basically looking like I was accused of being a fraud and i’m illegally trying to list the property on the MLS when that was never the case nor was I ever doing a novation. I have signed an as-is psa with verbiage that explicitly states that my contract is assignable, but I was basically being painted like i’m the one doing a novation when that’s not the case.

With all that happening, I’m canceling the contract as that was just demotivating and if its being interpreted that way then i’d rather skip out and take the L instead of trying to fight for my life to an end buyer explaining this entire thing… it sucks but i’ll just keep it moving and do better next time. Even though its only 1 buyer, I don’t want a repeat of someone accusing me of doing something illegal.

If someone from the discord could hear me out or add me back that would be great because I was genuinely trying to learn and understand what I was doing wrong and my case was not being heard.

9 comments