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Updated over 7 years ago on . Most recent reply

User Stats

36
Posts
12
Votes
Robert Blocker
  • Boston, MA
12
Votes |
36
Posts

Out of state Motivated seller

Robert Blocker
  • Boston, MA
Posted

Hello I'm a newbie wholesale investor from Massachusetts who has never done a deal yet. I started about 2 months ago and now my phone is beginning to receive consistent calls. I received a call from a motivated seller who wants to get rid of there mothers house, but the only thing is the property is in NJ. I've never done a deal out of state never mind in my own state. I see the opportunity here, they are ready for a cash offer. Definitely don't want to lose this potential deal. Can anyone give me advice on where to start next, before they decide to call the next person? Is there a lawyer or a Title company that must handle this transaction?

Most Popular Reply

User Stats

259
Posts
129
Votes
Neil Goradia
  • Developer
  • Indianapolis, IN
129
Votes |
259
Posts
Neil Goradia
  • Developer
  • Indianapolis, IN
Replied

I'd recommend finding a wholesaler in NJ (check out the forums here on BP) and ask them for a referral fee (or 50/50 profit split) in exchange for giving them this lead. I have done a handful of deals like this from half way around the world, and it works just fine. Probably not worth your time, in my opinion, to try and do the deal yourself without being able to go there and check out the property and do your due diligence.

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