All Forum Posts by: Deanna Daily

@William Rose It seems like you are on the right track. The key is consistency and continuing with the same list monthly for 3-6 months. That is the first part, then once you do get a call, follow up is really important. Those that you say aren't motivated, follow up. You never know when they will be motivated and you want the first chance to buy. Keep it up!!

@Bill Gulley Thank you for your well put information. Very valuable for sure. 

@Wendell De Guzman Oh my goodness! I just spent the majority of my day reading this entire 17 page blog. I am so thankful for your willingness to share and help so many people. Your stories are inspiring both the good and the not-so-good. I have been in real estate sales and am working hard to find some wholesale and fix and flips to get going in the REI side of the business. Please keep sharing, us newbies need all the info we can.

@Seth Teel Thank you for your quick response. I thought that may be the case. I have worked in other markets that are quite so friendly. 

I agree with you on the added square foot being a bonus. Who can argue with that? 

Offer is in. Now I wait.

Hi all!

I am in the San Antonio market and hoping someone can help me with this question. I am looking to make an offer on a home that is listed on the tax records as a 1335 sq ft but upon measuring, it is actually much larger closer to 1700. This home is a foreclosure so there is no seller disclosure to me and therefore, no information as to when the additions were done. However, they were clearly done in the 70's. I am happy to get a larger house but my concern is that once it goes on the market after rehab, the appraiser will catch the discrepancy causing a domino effect of issues. Has anyone dealt with this issue in San Antonio in particular? How is the building department to deal with here? I am new to the area and have not dealt with the city as of yet. Is it possible they would grandfather the changes? Thanks!

@Jason and @ Sebastian 

Thank you both for your insight. I am trying to determine the most ethical and legal way to do this. It seems to me that if I use an assignment I may have legal issues because then it becomes more of a brokering transaction rather than a straight buy and sell. Of course legal counsel will be my best source, but I was trying to get a general idea of what is considered typical in this area.    

@seth Thank you for the quick response. I understood that in Texas specifically it must be disclosed to the seller all monies transferred. So, with a blind close that is not necessarily the case and maybe a loop hole? I will be talking with my title contacts about this but was interested in how others here are handling the transactions.

I am new to investing and looking to wholesale some properties in the San Antonio area of Texas. When closing the A-B transaction do you need to bring money to the table only to be paid back with the B-C transaction? Or are the title companies taking C money and applying it? Thanks! 

@Wendell Thanks for the questions. I have been looking for a good template. 

@Joshua Good job getting that lead. I am also a real estate agent and lead generation is the most challenging. I like your style in going after it. 

Great information! I am new to investing and looking to wholesale some properties. This question came up and it was great to find the answer. To go a step further, when closing the A-B transaction do you need to bring money to the table only to be paid back with the B-C transaction? Or are the title companies taking C money and applying it? Thanks!