All Forum Posts by: Deriane Cox

Searching for real estate attorney in GA who is familiar with closing wholesale transaction  

Thanks for all the information.  This thread was also helpful to me in my search for a good closing attorney. 

Thanks to you both. Really good advice.

Hi Bigger Pockets Family,

Tonight I will be building a mailing list using listsource. I am searching for absentee owners. Can anyone offer advice as to what criteria to use when building my list (house type, # of beds and baths, year built, with or without mortgage etc.)? Also, I’m working on a limited budget, so is a list with 200 names a good start? Thank you in advance

Jeff,

First of all congrats on the deal. I think between 5% to 10% fee sounds about right.

To All,

This is some good stuff. I enjoyed reading this tread. I actually learned quite a bit from this. Thanks to all

Fernando,

Are you focusing on building your buyers list? It sound like you want to find a buyer, then find a property, and then tell the buyer about the property before you have it under contract. If that is the case, then your approach is wrong. Focus on building your buyers list first. Once you have a list, then search for properties. Once the properties are under contract, you can then show it to your buyers. IF you approach it this way, then you will have no need for a "NCND". Keep that in your back pocket for now.

Congrats! You are motivating me to get me first deal done.

What are your plans for the properties once they are under contract? Are you going to wholesaling, rehabbing and flipping on holding as cash flow properties? Also, if you don't mind me asking, how did you get seller call you so quickly?

Originally posted by K. Marie Poe

A $30K "cash" offer is going to sound like a $30K check at close. A buyer's job is to manage expectations.

As a buyer your job is to make the entire transaction as simple as possible for the seller. The seller should know upfront what his/her take home amount will be. If you surprise the seller at closing, you may lose the deal and at the same time damage your reputation as a standup investor.