Newb to Wholesale- I have 50 properties and need some guidance

[Eamon Sullivan]

Guys. 

I have been working on Land Flipping in Florida. Sending out mailers, originally trying to buy land for pennies on the dollar. A gentleman received one of my mailers and notified me that he had approximately 50 properties that he acquired via Tax Deed. I originally thought no way, I can't buy $250,000 worth of land but maybe I could help him sell them via assignment. He agreed to allow me to sell them via assignment. 

So now I have 50 properties to sell in Florida.  Some of the properties are not worth much more than the value of his tax deed ( agreed sales price). There are a few that I may 'cherrypick'. The properties range $3k to $15k in value.

 How would you advanced/ experienced wholesalers go about this??

I am targeting craigslist, sending flyers to local neighbors, putting signs in.... what is most effective?? 

[Jay Hinrichs]

Originally posted by @Shawn Clark:

Originally posted by @Jay Hinrichs:

@Shawn Clark  I know your asking John.. but I think that is what he is saying.. that if you have a scheme and your scheme is to tie up properties and then advertise them or contracts and make a assignment fee on hud  or out side of escrow that that is brokering without a license according to John

I know in Oregon you can't sell any real estate you don't own.. one of my Vendors got in serious trouble he put a for sale sign in the yard and wanted to flip the contract and he got wrung up.. 5k of attorney fee's and 5k fine and cease and deisist and a lot of stress..

I think it depends on how tight the state is.. but the reality is if you read real estate laws in all states they read exactly the same it just depends on if the state cares and if they are going to follow up.

you don't see many contracts offered for sale with no description of the property whatsoever.

 I guess the problem comes in with the "scheme" and the "advertising" because if you enter into a contract with the intention of buying, but end up assigning it instead, I don't see how that could ever be stopped, provided you found the assignee privately. It's things like putting for sale signs in yards and public advertisements that get people in trouble I guess...those are agent/broker activities.

 And websites and E mail blasts.. wholesalers come into Oregon all the time and as an RE broker here we get on their mailchimp stuff.. and the next thing you know we get all these flyers from wholesalers advertsing a home exactly like they were a broker.. I just forward them on to the Department of real estate with a fill in the blanks 60 second complaint form.. its not legal .. and if they are going to send the stuff to me I am going to turn them in.. plane and simple.