All Forum Posts by: Derrick Sponable

I've got a house I'd like to make an offer on, but I'm unsure if I can grab good comps. It's in a very dense cul-de-sac and I know Zestimates are normally pretty bad, but there are a lot of similar nearby houses that were sold which makes me think that it might be ok to use in this instance. Should I find an agent that can grab me some comps? Do I need to pay him for his time. Any info helps thank you! 

I'm looking to get started in wholesaling and know that people in PreForeclosure can be motivated sellers. Where is the best place to look online for them?

Hello Everyone, 

I'm a newbie who's very interested in wholesaling in the Syracuse Area, and focusing on doing it right. I'm looking to do my first deal within a month or two and am wondering if its possible. My questions are some of the following:

What's the best way to get into contact with potential sellers? Should I drive for dollars, get lists of pre-foreclosures and out-of-state owners from my local court? 

For people who have experience doing this, is there a best way to contact someone and see if they're interested? Cold Call? Direct mail marketing? A knock on the door? I know getting business cards would make me more legit but is it super necessary for me to get my first deal? 

I am definitely interested in double closing, as I want to make absolutely sure that everything I do is 100% legal, does anyone have any good examples of solid contracts I can use to get it under contract quickly? Is there language in a standard contract that would free me from responsibility if I couldn't find a buyer in the allotted time?

Should I hire an inspector for the property before I get it under contract? I want to make sure the property I get doesn't have any literal cracks in the foundation that I wouldn't be able see. 

What's a good metric for estimating rehab costs? I've heard $15 a square foot is a very basic concept to go off of but is there better ways to estimate properly?

Thank you all for your help!