All Forum Posts by: Dustin Phillips

Welcome aboard Dan...

I'm sure you can see this is the only place to be if you want to really learn... You will get honest and sometimes harsh (ITs for your own good) Feedback on questions and issues your having... So buckle down and read, participate, and then put it all into practice... Enjoy!

Thanks Ted- I do have access and will try that as well... Just a side note I sent an email from your homepage requesting some information on funding. Can you look through and get back with me or have someone, thanks...

Lawrence that too is a great idea... I have not really be marketing on my own, but I have been helping my Realtors with leads I get, just passing the leads off... Maybe I should use those to hook new realtors...HMMM... I'll look in to that, thanks guys....

Okay you've asked a lot of questions... I will stick to the original...

You business is paper work... If you don't control the deal you don't make money and can easily get cut out...

Now with a contract you can still get cut out of a deal, thats why its good to get a notice of contract notarized by the seller and get that recorded, but without even a contract your just opening yourself up for failure...

If your assigning the deals, just use an option contract, or use a standard purchase agreement with an addendum to back out should you fail to assign the deal to your back end buyer...

Birddogs get paid when the deal closes..

You should know what your buyers want prior to putting it under contract.

Find out what they (buyers) are looking for... Tell them you are going to be marketing soon and need to know what to move on and what to pass on for them.

Then once you find sellers you will know if you should put it under contract or not. I take it you will be assigning all your contracts (Or do you have money to close?) If you are assigning them all just make sure your option contract informs them of whats going on... You need to make sure your not putting the home owner in a bind by tieing up a property if you can't wholesale it.

Some investors like to use options with first right of refusal, and others just tie it up until they find a buyer... But if you have buyers and know what they want you will not need to tie it up for an endless amount of time

Good luck!

Thanks Steve,

I've seen all of Nicks posts, Just went back through again and could not find anything specific to what I asked.

He does have some great posts on there, and his videos are great too. I always check with Nicks page first before looking elsewhere, and he has been kind enough to help me with an issue on a deal too...

Stil waiting for ideas... Anyone???

Okay so the title is a little obnoxious, sorry :mrgreen:

Here is my questions. I have been investing (rehabbing, wholesaling) since 2001. I recently got into the short sale game and would like some feedback on what others are doing to market for Realtors... I searched the archives and found stuff on where to find NOD's and how to find sellers but could not find anything on how to market to Realtors...

Currently, I post adds on Craigslist- Example: https://accounts.craigslist.org/post/shwpst?pii=1678873368&db=lv and I do walk ins to Realtor offices.

I simply talk to the gate keeper and ask who is doing shorts. Then I say I'm a buyer and need to speak with them...

Okay, so I've got two ways down, but I only have a handful of quality Realtors and want to know what others are doing to market and get leads (Realtors) calling and producing
:help: Thanks...

Maybe if you spent less time dancing on the webcam and a little more time keeping track of your posted links we would all know what you say word for word Nick :) Just giving you crap, thanks for the link-buddy!

I always submit my offer to the listing agent. I already have a copy of our state (Indiana) MIBOR purchase agreement. I fill that in and send it over.

Now I am not a Realtor but I do have access to the MLS and so I can see who the listing agent is and how they want me to submit the offer. This helps.

Then, just call them and say "Hey I just sent you an offer, I don't have an agent so you get both sides of the commission if my offer is accepted, let me know what the bank says, thanks..." Then hange up! Easy...

I also send a copy of my Earnest money and POF with all my offers, just fyi...Good luck

If you want to create a free site PM me... I found a site where you can create a free website, then I paid $10 bucks for a domain name so that it was not a crazy web address. It looks good and gets leads when I advertise it... I am not selling any site service only going to give you my web address and link to their free web creator, thanks...

I think Jon just made some great points.

As investors (Wholesalers) I think we sometimes get short sighted and only focus on one of the three key points he outlined.

However, those three things Jon showed are a good reminder and a great way to market our properties. So thanks Jon, I will be sure to that I'm covering all three in the future when looking at a deal and when marketing the deal to others...

Cash flow is important but the others hold an equal piece of the puzzle and I dont always do a good job of highlighting them to buyers...