All Forum Posts by: Brian Jordan

I have 2 full time VA's but often wonder if they're working all the time. I didn't hire them through a company, such as Upwork, so I have no tracking abilities. I've researched a few and found one called Hubstaff. Does anyone have experience with them or any other tracking software? It provides incremental screenshots, time tracking, activity levels and a list of URL's they've visited while on the clock. Any help is greatly appreciated!

You'll send the original contract and your Assignment of Contract to the title company. At that point, the title company will arrange the closing with the buyer and seller per the contract. You need to realize that you've sold your position in the contract and are no longer involved. Your title company, if they're good, should handle everything from that point forward. You could always stay in contact with the title company and pass info on to keep good rapport with both seller and buyer. It all comes down to how involved you want to be. My title company cc's me on all communication with buyer and seller so I'm kept in the loop.

There's no need to attend the closing regardless if you've been paid in full. You've sold your position in the contract and now have nothing to do with the original contract with the seller. The title company will cut you a check or wire your funds once the transaction is complete.

I mail anywhere between 12,000--20,000 yellow letters every month. I have PATLive as an answering service handling the initial call and gathering basic info. (Reason for selling, current condition of the home, how quickly they need to sell, asking price, is that price negotiable) I would tell them that you buy house in their area and that you send letters to people just to see if they're interested in selling. If they say "I'd sell for the right price", it's probably not the motivated seller you're looking for. I've actually had a police officer from a Township in Cincinnati, OH call me because my letter apparently scared one of their residents, lol. Someone mentioned before me to buy Michael Quarles course. He has some good info but I personally don't believe in his philosophy or strategies. You can find all of the training you're looking for by listening to podcasts. Joe McCall, Sean Terry, Tom Kroll, Michael Quarles, Biggerpockets, Investor Carrot and so on and so on. Search YouTube for "motivated seller calls" or "" asking to motivated sellers" and you'll probably find some live calls. Once you get their address, get off the phone with them to do some research. Once you figure out the range you'll be offering, call them back and tell them where you're at. Don't waste your time going to look at the houses that the owner is expecting double your figure. I did that when I was first mailing. I ran to every house that called and waste a ton of my time and the sellers. 95% of the deals I contract now are done over the phone, sight unseen. Hope this helps!

Good luck!!! I use Listsource myself and have had good luck. I tweek the parameters a bit every time in hopes of better results. I focus on just SFR and am happy with the response I receive. Good luck and let me know if you have any questions.

As mentioned previously, it depends on what your needs are. I was an agent in Texas and now Ohio and had brokers in both states that charged me a monthly flat fee and I keep 100% of my commission. Dallas, TX cost me $125/month and Columbus broker costs me $200/month. If you're looking for extensive training, these types of brokers aren't for you. It all depends on what your needs are. Regardless, remember this. You're interviewing the broker, not the other way around.

I agree with John Anderson. Also, I noticed you mentioned 28k below tax assessed value. That means nothing. In the future, pay no attention to tax value and solely rely on current sales direct from the MLS. I can't imagine determining a true ARV any other way.

That may be possible but I'd contact your title company to discuss how they'd recommend setting it up regarding dispersing the funds. They may just allow you to have 1 assignment LLC and disburse the money separately as you instruct them. If it goes through your LLC, make sure you have them fill out an I9 so that they're responsible for the taxes of their portion.

You do not have an executed contract unless you have signatures from all parties that appear on title as Owner of Record. No title company will process the transaction without signatures from all parties. The only exception is if the owner of Record is deceased and you're dealing with the executor of the estate.

Becoming a licensed agent is the best thing you could have done for your personal investing goals. It opens up a lot of opportunities for you. I'm a licensed agent but do no conventional real estate. I'm a wholesaler and it helps me tremendously. Before I began direct mail marketing, I was averaging 30 wholesale deals a year just from the mls. The margins are much smaller which is why I shifted my focus to direct mail. Please feel free to reach out with additional questions but if you want to learn how to wholesale as an agent, go to YouTube and search for a woman that goes by the name flipthiswholesaler. I didn't learn from her but she does everything the exact same way and has a video for every step of the process. Best of luck!