Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 8 years ago on . Most recent reply

User Stats

5
Posts
6
Votes
Martez Barbee
  • Florissant, MO
6
Votes |
5
Posts

Questions to ask a motivated seller

Martez Barbee
  • Florissant, MO
Posted
What are the key questions I should ask when contacting an owner looking to sell his/her property in order for me to qualify for my motivated buyers in a wholesale deal?

Most Popular Reply

User Stats

3,406
Posts
2,426
Votes
Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,426
Votes |
3,406
Posts
Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Replied

Howdy @Martez Barbee and welcome to the site. 

My recommendation would be to pick up a copy or listen to "How to win friends and influence people." 

Ask open ended questions. To be successful in wholesaling Real Estate you're going to need to be their problem solver. I don't recommend going through a script of 35 questions with them. I recommend asking them things like "What can you tell me about your plans with the property? What should I know about your situation? What about the condition? How quickly do you need to move? If we were able to close in _________ would that help solve X, Y, & Z? 

^ This works really well with a seller who is "distressed". 

**Disclosure: I'm an investor who founded an answering service as well. Our staff takes thousands of calls a month for investors all over the country.** 

If you've got a seller who is more of "tire kicker" I'd suggest explaining how your process works. "We're going to look at comps, subtract out the cost of any repairs or updates, and try to come to a mutually beneficial agreement. It's got to be a good deal for you and it has to make sense for us." 

We get more affluent folks who want to trade equity for ease of transaction ALL the time. 

Loading replies...