Wholesaling / Rent to own

[Kasan Kelley]

Hey everyone! Glad to see everyone is doing well. I keep telling myself im going to make my presence here felt and known more. Sometimes i think i get more caught up in thinking about things than doing them. Which i know is not good if i, in anyway, aspire to be like some of you. 

So i have a question first with regard to wholesaling. So i came across some new software that take detail and numbers to a new level(for me anyway)!! I can create excessively detailed printouts for end buyers to help increase the likely hood of contracts. My thing is, does it make more sense to create the reports for possible end buyers to essentially "hook them" prior to contacting a possible seller? Does that make me seem thorough? Or should i be contacting the sellers first? 

Would anyone here have any info of someone who has rent to own properties in the baltimore city area? Thanks for the advice.

[Lydia R.]

@Kasan Kelley You shouldnt be trying to “hook” buyers for properties that you cant actually offer them. You should only be talking with buyers about specific properties once you have them under contract. There are wholesalers who dont know what they are doing and want a buyer to tell them what they would pay for a property before they actually put that property under contract...IMO thats a wholesaler that doesnt know what they are doing. Also you shouldnt be relying on software to put some fancy package together for your buyers. This is what real buyers want to see:

1. What is the ARV of the property

2. What repairs need to be made and how much will those repairs cost to get to the ARV (including a contractors SOW is useful here and makes you look much more competent)

3. What are rental rates in the area

4. What is the cost of the repairs to get property rent ready

5. What is the ARV of the property after its been made rent ready (important for investors who want to pull their cash out after rehabbing and renting)

Thats essentially all the info you need to provide to an investor. Everything else is just fluff.