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Updated over 8 years ago on . Most recent reply

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6
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0
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Rubi Rey
  • Dallas, TX
0
Votes |
6
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That Should Be Me.

Rubi Rey
  • Dallas, TX
Posted

3  months ago I took the "long way home"  through a neighborhood I drive by every day. The neighbor hood was decent, quite, and right by a busy intersecting freeway. What caught my attention was a vacant home at a corner, and from the research I've done homes like this are ideal for a real estate whole sale due to many cases of scenarios. As I drove through the neighborhood I noticed a few more vacant homes and houses for rent, and thought to my self these are mine and I will whole sale these.

First step Contact the owner. I got stuck. I had no idea how to find these owners. So lets write the owner a general letter and mail it to them. The letter will basically politely offer to buy the house. I got stuck again. How will figure out comps if the owner contacts me back , I have contracts but how do I fill this out paper out? How do I figure out an escape clause? Do I need a real estate lawyer?

I thought let me hold off on contacting the owners and still do research. So I held off, that was 3 months ago.

Last week I drove through this neighborhood again and those exact houses are either  being renovated or up for sale. I slapped the dash board of my car and thought wow! That should be me profiting off of these homes. These were mine, I knew this 3 months ago!!!!

Im pretty upset and even more motivated.  I need a starting point. Am I on the right track so far? should I be interviewing real estate Lawyers now?

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