Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Wholesaling
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 about 17 years ago,

User Stats

26
Posts
0
Votes
Heather Finley
  • Burlington, VT
0
Votes |
26
Posts

screening potential deals

Heather Finley
  • Burlington, VT
Posted

I am a newbie and have been receiving a handful of leads for people who want to sell their home quickly.
I don't have the cash to do so, even though they have a lot of equity to be had. Wholesaling might be the way for me to go.
When I first talk with them, I'm not sure about what I should be asking them.
So far, I've been asking them:
what they think the FMV is,
what repairs need to be completed,
square footage and acreage,
description of house features,
why they need to sell if they haven't told me,
what their timeline is,
what's the lowest amount they'd be willing to take to be done with the stress of owning the house,
what their monthly payments and taxes are.

What else do I need to ask in this first phone call?
Should I take some of these out?
Should this conversation ever happen via email?
I'm thinking phone is best, at least initially.
What is the best approach if I don't have a buyer?
I'm trying to build a buyer's list.

Thanks for any advice you might have.

Heather

Loading replies...