All Forum Posts by: Brian Jordan

I would never get an appraisal or home inspection. Most investors are more qualified than home inspectors at determining condition. Same goes for an appraisal, never order one. A good real estate agent with access to your local MLS will be able to give you your value. It's the same info your appraiser would utilize to determine value anyways.

I send my contracts with a 30 day inspection period. If the seller objects, I'll then negotiate with them to 14-21 days. If I know the deals a slam dunk, I'll go as short as 3-7 days but that's only if I know it's a deal I can move to my list. Regarding doing an inspection, I've wholesaled hundreds of deals and not only have I never had an inspection done, not a single buyer has ever had an official inspection done. You want buyers on your list that know what they're doing and are ready to move forward after a 5 min walkthrough of the house. A home inspection would kill the deal for some potential investors and I believe it's their responsibility to do their own due diligence.

Do you have a marketing budget? I'm using specific criteria to generate mailing lists from Listsource. I mail 3,000 letters/postcards per week and average several deals a week. If you have a budget, direct mail is the way to go.

Hello Gulliver, I've been wholesaling full time for just over 6 years and have built the business in just my market to 8-10 wholesale deals per month. In the beginning, your team should consist of yourself and a title company willing to do double closes or assisnments. Not all are comfortable with them but there's plenty that are. The single best way to build a buyer's list the fastest is through bandit signs. PM me and I'll send you a pic of the one I use. I just threw 100 signs in a new market and got over 250 calls and over 100 legitimate email addresses for cash investors that I personally qualified over the phone. I'll even send you the 5 questions to ask when they call. Next is get a property that is a good deal. For my market, I follow the following formula. ARV * 72% - Repairs - Profit = my purchase price. Reach out with any questions and I'll be glad to help. Abundance creates abundance!!!

I use RightSignature for most of my contracts. I lock up 99% of my wholesale deals before I ever physically see the property. My VA handles the contracts and sends them through RS. Seller can sign from their computer or smart phone.

@Corey Wayland Much appreciated!

@Jordan Williamson Thank you, Jordan. I see that you're buying houses in Lee County. Are you keeping them all for your personal projects or are you wholesaling to other investors? I'm about to begin some marketing in the area and would like to speak to you regarding the possibility of JV'ing some deals if you already have an established Buyer's List. Shoot me a message if you're interested. Thanks again for the recommendation. Much appreciated!

Hello Everyone, I'm looking for an investor friendly title company that is comfortable with wholesale transactions such as Assignments and Double Closings. Any help is greatly appreciated. Thanks!

Anyone have an "investor friendly" title company in the Ft. Myers, Cape Coral area?  Looking for a company comfortable with Assignments and double closes. Any help is greatly appreciated. Thanks in advance!