All Forum Posts by: Brian Wheeler

@Robert Lum 

So I got my first deal through direct mail. Absent owned and run down. And the biggest curve ball was my buyer backing out 5 days before closing! Then he came back!! 

@Dustin Verley it's never too late! 

@Jaime Valencia 

Thanks so much man glad to hear! so basically the seller just called me and wanted me to come look at the property. I went walked through it, made an offer price and then sent it out to the buyers I knew loved this kind of deal, then within two days one of them was ready to buy it from me. 

Hello, I just closed on a property last week and have another one under contract that I will be closing on in august. I wanted to share some key points in what I did to be able to go to closing in hopes that it will help some of you who might be struggling. 

1) Make sure before you even start looking for deals that you have these key things in place

• a) Title company that can perform double closings or assignment of contact. (have one more as a backup if need be and make sure you ask them how much your closing fees will be so you can incorporate that in your wholesale fee) 
• b) List of cash buyers (15 minimum) with a bio for each buyer. Your bio should include what kind of properties they like, what areas they work out of the most, how far away they are willing to go, how much work they are comfortable with doing and obviously there name and contact info. 
• c) 2 contracts, "Sales and Purchase Agreement"(this one is between you and the seller) and "Assignment of Contract" (this one is between you and your cash buyer) 
• I have contracts if anyone needs them! 

2) After you have everything listed above you can now begin to start marketing. It is totally up to you how you market your service. Here are just a few things that I have used for marketing. 

• Bandit signs (your city may be strict and take them down, put them up when city workers are not working and put them in front of a Church,Walmart or any other high traffic area because you will want full exposure) 
• Craigslist ads (Be very consistent with these, 1-2 a week) 
• Business cards (Very very beneficial if you give these to waiters or waitresses or people you know and give them a nice referral fee. They will work harder to find property owners for you because they will want that easy $500 to $1,000 fee) 
• Flyers (Make these things bright and simple, you want to get your point across with as little writing as possible, very effective in church bulletins and message boards in establishments) 

Now obviously I covered the basics of what I did so if you want a little bit more in depth knowledge feel free to inbox me on BP. I hope this helped some of you guys who were struggling to get started or have been at it a while with no traction. Good luck! 

Look at it this way...just because you have your realtors license doesn't mean you have to work for a firm...you can represent yourself in your investment properties and collect the commission. Just something to think about.

@Cody Purtle could you send me your address in private chat so I can mail some to you and you can copy them? 

Okay I use a two page contract for my offer to purchase and a one page for assignment of contract. My approach is usually once we agree on a price I will write the contract then and there so they don't rethink the price, so always have the contracts with you or in your car. Then I sit down and walk them through it as we both fill it out. I honeslty can't tell you what they say or my reaction because we are in a person to person industry so you never know what will happen.  

Also if you want me to walk you through how to fill them out I can do that for you as well!

Hey Cody I have some contracts that I can send to you if you need. They are pretty universal so just to make sure you're safe have a real estate attorney check it over

Thank you so much Cassandra!