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All Forum Posts by: Dan Dwyer

Dan Dwyer has started 28 posts and replied 88 times.

Post: So you think you're a wholesaler?

Dan DwyerPosted
  • Raynham, MA
  • Posts 103
  • Votes 20

Hi, I am new to REI and I am trying to get into wholesaling. I'm a newbie and even I can tell as green as I may be that this was insane, immoral, improper, and immature for any would be wholesaler to attempt thanks for the post. It would almost be funny if it didn't lend to giving us want to be real wholesalers a bad name!

Great advice Shaun as usual. I wasn't trying to focus my efforts there I just didn't want to miss out on any possibilities either. I am trying to satisfy a number of different types of masters "investors" and I have yet to really start a major marketing campaign.

I didn't mean to imply that my REI career was over only that it has just begun!

Hi Mike, Nice to hear from you again. The "gentleman" I so loosely spoke of was a real estate agent from New Bedford, MA named something Olivera. I believe he was actually trying to sell the property for someone he was related to. He was anything but nice. Extremely unreasonable, I mean borderline completely irrational. He saw no purpose to be served by a wholesaler and completely denied the fact that we can do good things for people in bad situations. It truly was my least favorite telephone call of my entire short lived REI career.

I was trying to track down an owner his mailing address has no mail box. The town tax collector shows mailing address as undeliverable taxes being paid by a mortgage company by money in escrow does anyone have any advice on how to track down the owner?

Congratulations on the success with you entrepreneurial endeavors. You sound like quite the creative and resourceful one.

I am too sorry if I have upset anyone! That was never my intention either. I am new to REI and am learning as I go. I have never, nor will ever put a home under contract without being as certain as I can possibly be that I have a property that meets the buying criteria of a specific investor/end buyer. Nor have I ever nor will I ever try to market a property like a was a licensed agent. I admit that I do want to make money in REI but I absolutely want to do it legally.

To [email protected] in response to your last comment. I have spoken with a real estate attorney that is also a title company and they were 100% informed of my intentions to wholesale property and there was absolutely no mention of any malfeasance, misconduct, impropriety, or illegal nature of my pursuit in the state of MA.  

I thank everyone for their replies. For a few minutes last night the gentleman (I use the term very very loosely here) on the phone had me pretty worried. In regards to the last posting is it allowed to execute and option to purchase a home that is on the market? It was my (limited) understanding that in that instance the seller isn't take his home off the market while you searching for an end buyer so I thought it was okay. Am I severely mistaken?