All Forum Posts by: Danielle C.

Curt - thanks for the reply. I am a bit confused as to what you are saying though. I am looking to add buyers to my list... is this something you would do to add a buyer? I can't see how going to the house would help so maybe you thought I was trying to find sellers? :)

Nick,

Funny story... I reached a person today via For Rent sign. He actually owns 47 properties, so I'm thinking this is going to be a buyer. By the end of the convo, he is offering to sell to me! I think I need more work on leading the person I'm calling whe using your tactics. I did turn it around and offer to sell to him... he's going to call me back and we'll discuss further. Not bad. Lol

Nick,

I saw that video! It was great and I actually used your "script". It was a lot easier to break the ice the way you put it. I've done telemarketing and customer service for years, however there is always something weird about cold calling.

Thanks a bunch for putting that out there, it really did help :)

So you say no voicemail and just keep going, huh? I've got a nice spreadsheet that I put together so it keeps things organized very well. (I'm a spreadsheet addict.) I suppose when I get into the big leagues like you I can afford to not try them back. Perhaps I won't leave a voicemail, however I'll do a three strikes and they're out type of thing... try three times then just move them to the no section.

Thanks for the suggestion.

Danielle

Thanks Chris. Just wanted to make certain I wasn't doing something that would put them off. I suppose it's the same everywhere, however here, it's nearly impossible to reach landlords... voicemails and no return calls. I've known people over the years looking for apts that have really had a tough time getting through to a live person. So hopefully I get a call back.

Welcome Sharad! I am located outside of Chicago (western burbs). I believe you will find the people here overly helpful!

The information here is priceless and there is years worth. If you use this site well, you will NEVER need to pay for an overpriced course of some "guru" :)

Hi,

I've pushed off calling buyers long enough. I sourced all of my online ones already via email. So I took the plunge today and called some of the For Rent signs that I located in my farm area.

6 out of 4 were voicemails. I left a message for each one, very general with my name and call back number, however didn't say why I was calling.

When you are contacting buyers and reach a voicemail, do you leave a message?

If you leave a message, is it general or very detailed as to why you are calling? What luck have you had with your method?

Thanks!!
Danielle Cage

Reprehensible... this is someone's home. If you can't help or fail, be upfront. But to not give someone time to find a suitable new place and even possibly pack / store your things? Ugh...

Hey John,

I'm still kind of new to wholesaling, but I'll take a crack at it. I'm sure someone who is more seasoned will reply and I'd like to see if we'll be on the same page.

I believe that much of this scenario depends on the type of contract that you use and the time that you allow to pass by.

For example, if you use a flex contract, it allows the seller to market their house while you market it as well. So if they find a buyer before you, no harm no foul, except for the time you've spent.

On a straight option contract as well as a flex option contract, most seasoned investors will use a clause that will allow them to backout of the contract in the event they are unable to wholesale. One of the main ones that I have seen is something like:

"This contract is contingent upon buyer's inspection period of xx days."

If you haven't gotten the house assigned by the end of the period specified, then you can advise the seller that the home did not pass inspection by your "partner" and any EMD is refundable.

With that said, from what I've seen, most investors here don't give an earnest money deposit. Their contracts are specifically written that way. Or, if they do give a deposit, it is minimal, such as $10 or $100.

Regarding how often this sort of thing happens, I'll leave that for someone who has a good amount of experience to answer for you.

Either way, good luck in your new ventures.

Danielle C.

Bill,

Thanks for the reply. You made perfect sense. I've learned that ...

...I don't like flex options, however they may be a necessary evil when dealing with a skittish seller.

...that contingency is a good thing... well I knew that, but you've streamlined the definition and now I won't sound really really dumb when using the word. :roll:

...that bottom line, if I want it to stand up legally, it just has to be in the contract.

...finally that we ought not have Bill host a chat without a "fine beverage" in hand. We'll leave the "find beverage" up to the reader's imagination.

Thanks Bill!

PS, if anyone wants to take a crack at answering q's 5, 6, and 7, I'd be much obliged.

I know the post is long and some of it is basic, but no replies? Must have been a *very* good weekend for most of you... Maybe it was the NFL championship games yesterday? :zzz: