All Forum Posts by: Account Closed

 Simply put the property under contract through a realtor and make sure that there's an Assignability clause in the contract. There are multiple ways to do these deals but this is the simplest way.  You're basically stepping in as the buyer but then assigning your contract to an End Buyer. Just make sure you have a few out clauses just in case you can't find an End Buyer. Have a decent inspection period just in case. 

Thanks Guys!  Jennifer, Jerry, Anthony and Ian !!  You have all been extremely helpful and I really truly appreciate it !! Thank you all   

Thanks Jerry! You are the man and I will absolutely add you to my buyers list.

Thanks Jennifer,

If anyone has any other recommendations please let me know. I need multiple just in case they are unable to get it done on time. I'm not going to mention any names but I have contacted some pretty recognizable attorneys that just can't get it done in less than 3 weeks.  Thanks

I've got some properties in Pittsburgh under contract that I need to close fairly quickly and am having challenges finding a company who can get it done in a decent time frame. Also had challenges with a few attorneys who are just really over the top with certain formalities. I've closed wholesale transactions in multiple states and never before had this many issues with finding a place to close deals. I need a company who can do Assignments, double closings, quit claim and traditional transactions as well. Can anyone please help? Thank You!! 

Hi Daphne,

It's great to see that you're interested in learning how to wholesale or flip houses by actually going out and doing it with experienced people. I wholesale properties in a few different markets including Las Vegas and I'm always looking for other wholesalers to joint venture with and it doesn't really matter to me if you are new or not. I'm open to working with new or experienced wholesalers. Feel free to reach out anytime and I would be glad to talk further on the subject.

I had a similar situation in the past. What I did was put out bandit signs attached to a google voice # and created a pre-recorded message greeting giving quick simple info about the property such as ARV and property address and estimated repair cost and then at the very end of the greeting I basically said that if they want to see the inside of the property and actually have cash and are serious, then leave a message. This method will help to weed out some of the tire kickers up front. Another thing you could do is to pull a list from list source of all the properties recently purchased in the last 6 months that have 100% equity and corp owned. Then create and print out a flyer with good pics and info of the prop and mail it out to all of those investors immediately.

Adam, I'm a wholesaler in Port Charlotte. The market here is still playing catch up in most areas compared to the larger markets down here in Florida. In Englewood,Port Charlotte and Cape Coral you will find some deals. If you end up looking specifically in Port Charlotte, shoot me an email ANYTIME. I do deals mainly within 3 specific zip codes and mostly exclusive off market stuff.

An Option to Purchase Agreement isn't a bad way to go. Personally I wouldn't put a property under contract without having a buyer in place who is open to buying a disaster before hand. I wholesale between 6 to 8 properties per month on average and I typically try to have it sold before I even tie it up. If you have any doubt in being able to sell it then just pass on it. Deals come and go.

Keith,
As for finding a buyer,you shouldn't have any problem finding buyer if the price right. Do you have a cash buyers list? If not, I highly suggest building one before you start putting properties under contract from now on. You don't need a massive list.You just need maybe 5 to 7 solid players who are buying multiple properties. You can find these guys at REIA meetings or auctions. Also you should put up 20 to 30 bandit signs(hand written) within a 1 or 2 mile radius of the property advertising a property and your phone will ring off the hook (use a google voice number).You should be posting ads on craigslist every 48 hrs as well.You could contact other wholesalers who have cash buyers and offer to split the profit if they bring a buyer to the table. All of this marketing for buyers needs to be done simultaneously!! As for trans funding,you shouldn't have a hard time finding someone local to provide it at less than 2,500 dollars. I have found local cash guys in my area who do it for 2 points flat. Or you could just assign the contract which is better. I hope some of this info helps.