Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Don Whitmire
  • Dallas, TX
1
Votes |
7
Posts

Aquiring a Vacant Property

Don Whitmire
  • Dallas, TX
Posted

I'm very new to Wholesaling but I feel there is an opportunity for me to make a deal with a fairly decent property that has been vacant for years. 

Situation: The house was built in 2001 and just from the looks of it seems in very good condition. I'm trying to find a trusted contract to help estimate repair cost which I think will be minimum . Based on County records it is worth about 65K.

I identified the owner through County records but I have NOT contacted them. And this is where I have questions. I tried looking up a valid phone number without any luck. Plus I just don't know how to approach the owner about selling this property. I would like to call, but I don't really know what to say,what questions to ask or how to approach them. 

My Plan: I was thinking about sending a letter to them first to see if they would like to sell the property. But since I'm so new to wholesaling I was going to wait and go to a REIA meeting first so I could talk to a few investors and possible get some advice.

I really don't know what my next plan of action should be on how to get a deal done for this specific property, but any suggestions will be greatly appreciated. Thank you.

Loading replies...