All Forum Posts by: Courtney Merricks

@Michael, thank you very much sir for the response. At the moment I am looking for absentee owners as well. I have also been driving for dollars to see if I can find vacant properties and/or dilapidated properties . I recently got my google voice number, but still working on putting other systems in place to help automate my business. Again, thank you very much for the response. I am getting ready to send out my second set of letters. Question, what is click2mail?

@Micah, thank you sir for your response. I will make sure I continue to send out my yellow letters.

@Melissa, thank you for your response. At this time, I have not been able to utilize craigslist at this time, but I will definitely start using craigslist to as a tool to help me advertise.

Since I decided to take action with wholesaling, I mailed out my first yellow letters during the first week of march. I was wondering how long should I wait before sending out my second yellow letter if I haven't received a response from the very first letters I sent out already? Also, how many yellow letters should I send before switching to sending a post card?

Joshua, first and foremost I would like to apologize for such a late response. But the margins are good, close to 17%.

Good Morning Bigger Pockets,

I am a rookie investor that was blessed to have my first potential deal fall in my lap last month. This deal was brought to me by one of my colleagues. Her family member was working with an attorney and his team to assist her with a short sale of her primary residence; due to the lack of communication she decided not to work with his team. To make a long story short, I was introduce to her, which I informed the homeowner that I was new to real estate investing, but I am willing to see how we could help her with her current situation.

After speaking with the client we agreed to assist her. After getting the contract signed between her and I, the Realtor informed her that she would have to start the process all over again, which she would need to complete a new application to see about getting the short sale approved. The client informed me on a recent phone call that she already received an approval letter from the bank, but she did not remember completing an application with the Realtor she was originally working with. During this phone call, she informed me that she did not feel comfortable completing the application because her income has increased since she was received the first original approval and she was afraid that the bank would not approve the new short sale offer. So, my question is should I walk away from the deal and/or continue to work with the client to see if we can get this deal done? What are your thoughts?  

Thanks,

Courtney

New Real Estate Investor in Plantation, FL