All Forum Posts by: Account Closed

Hi @Steven Denio you can easily complete wholesale real estate deals with little/no money by creating your own “options” transactions. That means: find a property that meets your criteria, negotiate price with seller and enter into an “options” contract,  Re-market and SELL property, and Pay seller AFTER you get paid and make a profit.

We do this with land and with deals under 5K I don’t use a title company. (No “double escrow” needed but that works for the bigger ones.) One deal I negotiated to buy for $3k and sold the same week for $9k.

I have a number of those transactions happening all the time. Super easy to complete. Hardest part is reaching the sellers at the “right” time but the more people you reach out to the easier it is.  Hope this helps.

@Mark Maisonneuve Welcome to BP!  You can easily complete wholesale real estate deals with little/no money by creating your own “options” transactions. That means: 1. find a property that meets your criteria, 2. negotiate price with seller and enter into an “options” contract, 3. Re-market and SELL property, and 4. Pay seller AFTER you get paid and make a profit!

We do this with land and with deals under 5K I don’t use a title company. (No “double escrow” needed but that works for the bigger ones.) One deal I negotiated to buy for $3k and sold the same week for $9k.

I have a number of those transactions happening all the time. Super easy to complete. Hardest part is reaching the sellers at the “right” time but the more people you reach out to the easier it is.  Make sense?  Hope this helps!

Congrats and glad you are here in BP! Great place to learn! An excellent way to learn about real estate is buying and selling undeveloped land. Incredible returns, no rehab needed, and you can buy/sell all over the country. Great way to learn how to create and close deals - and any budget can work!

Hi @Felix Wisniewski ,  First thing to consider is how you are going to reach potential sellers in the area you have targeted. The BEST way is to pay for accurate, current data from a company like CoreLogic/RealQuestPro and send out mailers. The beauty with this data is you can request a very specific type of property and get a report in minutes! For example: We have researched and targeted 3 acre parcel in XYZ County and only want to contact properties zoned: vacant land, residential, etc. Then we get a list of say 5,000 & scrub it down to 3,000 after removing duplicate sellers or whatever. Then we create a standard letter and mail merge all to one great document and send to the likes of Offers to Owners/Yellow Letters to mail for us. THEN we have ONLY interested sellers calling US!

Costs vary depending on volume, but you get the idea. Certainly better than some folks "driving for dollars" and spending all day canvasing areas to find a handful of boarded up homes to try and contact and motivate those sellers. Hope I've helped!

Hi @Stephany Miles and welcome to the BP community!  

I would start small and build a property portfolio and not take on any debt. With little cash you can get a website going (to sell what you buy), find motivated sellers, and start flipping property. Vacant land is a great place because there are no big issues and you can buy and sell all over the country pretty easily.

And without debt, it is okay if a property takes a few weeks to sell. The key is really learning how to buy it right. It's helpful if you can look at property with no emotion, it as an investment. If you cannot buy it so inexpensively that you can easily double your money tomorrow, don't buy it, just move on to the next deal. Easy to get your phone ringing with motivated sellers once you learn how to reach them!  Hope this helps you!

Hi @Randall Frederick!  You can easily complete wholesale real estate deals with little/no money by creating your own “options” transactions. That means: 1. find a property that meets your criteria, 2. negotiate price with seller and enter into an “options” contract, 3. Re-market and SELL property, and 4. Pay seller AFTER you get paid and make a profit!

We do this with land and with deals under 5K and don’t use a title company. (No “double escrow” needed but that works for the bigger ones.) One deal we negotiated to buy for $3k and sold the same week for $9k.

I have a number of those transactions happening all the time. Super easy to complete. Hardest part is reaching the sellers at the “right” time but the more people you reach out to the easier it is.

Make sense?  Hope this helps you worry less!

Hi @david borg and welcome! BP is the ultimate real estate investing site. There are so many awesome and exciting things going on. You have the free informative forums, podcasts, etc. to learn about real estate investing.  You can network with any real estate investor - both new and experienced. And, you will learn how to get deals done the right way. You have come to the right place and welcome to the BP community!

Hi Rashon!

TitleMind is designed to complete buying and selling of real property for you. It’s a national title/escrow company just like First American, only customized and personalized to our type of property investment activity.

2 products: Escrow Close and Title Close

• Escrow Close, we complete your transaction on your behalf without title insurance.
• Title Close, we complete your transaction like any other local or national title company would, with full service and title insurance policy.

Both are designed for your needs: Fast, accurate and complete.

To place your transaction, follow the simple instructions on TitleMind.com

Hello @Derrick Lubomski and welcome to BP. BP is a great place to start for new real estate investors. It has everything you need. Not only can you network with other investors, you can also watch, learn and listen by watching the free online educational videos, listening to BP's podcast in itunes, and learning by taking the free courses in BP. You came to the right place.