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.
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 almost 10 years ago on . Most recent reply

User Stats

128
Posts
50
Votes
JD Monroe
  • Investor
  • Panama City Beach, FL
50
Votes |
128
Posts

Got 2 Call backs, What Now?

JD Monroe
  • Investor
  • Panama City Beach, FL
Posted

I moved from Bossier City, LA to Great Falls, MT and couldn't find, as many or, as good of deals off the MLS.

So I decided to try a Direct Mail campaign, Yellow post cards from yellowletters.com. I mailed to absentee owners (in and out of state) with greater than 40% equity 568 total. The letters reached the mailboxes today. I have had two call backs this morning and I feel pretty good about one of them, so I set an appointment for Friday.  This house is in the Tax lien redemption period. I am not sure, yet, how much is owed. 

I was very nervous on the phone and stumbled through the call. I am not sure if I got the info I needed but feel good about the appointment.

I am not sure how to explain wholesaling to the seller or if I even need to.

I don't have a contract, and am not sure how to get one.

If, my offer is accepted, how do I start the closing process? 

Any and all comments/suggestions welcome

Thanks BP,

JD

  • JD Monroe
  • Most Popular Reply

    User Stats

    116
    Posts
    56
    Votes
    Jeremy Ferguson
    • Chapel Hill, NC
    56
    Votes |
    116
    Posts
    Jeremy Ferguson
    • Chapel Hill, NC
    Replied

    @JD Monroe you can find some good contracts on here in the Fileplace. There is one specifically for wholesaling so you can assign the contract.

    You can just say to the seller that you or one of the investors you team up with, will purchase the property and if you want to point out that line in the contract.

    Good luck!

    Loading replies...