All Forum Posts by: Brandon McCadney

Hey BP fam! 

I just had a very successful cold call today with a lot of potential. I'm still fairly new to the process and I just started making calls last week. 

To make a long story short, the seller is definitely motivated, however, he's considering working with an agent because the agent said that their property would be worth about 250k (definitely makes sense for the area), therefore, that's the least he's willing to expect from it. It may need about 20k in cosmetic repairs. He's also somewhat familiar with the wholesaling process (I didn't tell him that's what I do, but he knows I'm trying to get it for a discount). The thing is this: he wants as much money as he can get from it, but he's also worried about paying for realtor costs.

Has anyone experienced this type of situation? If so, what ways did you get the seller on your side?

Hey everyone!

My name is Brandon McCadney, and I'm very new real estate investing. I'm born and raised from St. Louis. I've been doing a lot of research on various real estate practices, and one that I'm hoping to start with is Wholesaling. My goal is to create a platform in real estate that can run autonomously without me, or with little time. I do think wholesaling is a great way to start, but I don't want to negate other methods.

I wanted to know if any of you have noticed any new trends in real estate or new practices that we may begin seeing moving forward. I also understand that there's the possibility of another downturn soon. I've learned a little bit about a concept called "transaction engineering" and a few others. What are some of the trends that you've noticed in real estate as we move throughout 2019 and the years to come?

Thanks in advance for your responses! Looking forward to meeting you all!

Hey Ehsan! Thanks for the feedback. I’m not sure if that’s a response I’d be comfortable with. Wholesaling already seems “fishy” to people who have never heard of the concept before, so I’m not sure that I would go against my integrity with this.

Has that, or similar examples, worked for you?

Thanks again!

Hey everyone! My name is Brandon and I'm very new to the real estate field. I'm starting out in wholesaling with the hopes of scaling from this and doing even more in real estate.

I would love to have some feedback on my cover letter template that I am planning on sending to my first potential deal. Please check it out below:

Greetings Kathleen,

My name is Brandon McCadney and I’m a real estate investor born and raised in St. Louis. I’ve noticed your property at xxxxxxx Grey Street and was wondering if you would be interested in selling your house. One of the areas I specialize in is buying homes that need repair and restoration to improve its appearance and value. I partner with other real estate investors in order to make this possible.

Please feel free to give me a call or shoot me an email to discuss the benefits I can provide:

• I buy with cash to close quickly! As quick as 7 days!
• I work with other real estate investors to convert your unwanted home into much needed cash!
• I buy your home as-is! No need to repair or clean it out!
• I purchase your home at no cost to you! No commissions or unexpected fees!

Regardless of why you need to sell your property, I would love the opportunity to speak with you about being a potential solution. If you’re not ready to sell your house now, no pressure! Please keep this letter with your important papers.

Thank you for your time, and I look forward to hearing back from you soon!

All the best,

Brandon McCadney

--phone number---

---email address----

________

In addition to this, I read somewhere that it makes sense to attach a purchase agreement to the contract listing out all of the details of the price and assignment fee (assuming you've calculated the MAO and know exactly what you're getting). With that in mind, I would have to reword the cover letter's context to include that information. What are your thoughts on that?

I'd love to hear your thoughts and suggestions on these pieces. Thanks in advance!