All Forum Posts by: Donnell Evans

@David Bokman I pay $350 toward the title search which i get back from the end buyer on a wholesale deal but the title search costs $620 total so that's what the end buyer pays and I didn't say maybe 4% for the taxes I said maybe $1,000 for title insurance. I said all of this assuming he was asking in an attempt to figure out his end buyers total costs. I agree I pay too much for title searches but I get feed deals and buyers from my title guys so I don't complain. 

Earnest Monet Deposit put in escrow to the title company. 

You want to figure $620 for title search, $1,000 for document preparation and recording fees $1,000 for title insurance maybe and 4% of the purchase price for State and City taxes. 

Hey @Aron Cohen which bank did the HELOC? I'm looking to take the equity out of a property I have in West Philly right now so I can purchase a property I have under contract.

Nice! @Irfan Raza I want to be like you when I grow up.

@Curtis Waters Thanks! I've  been slacking on my CL posts that's for sure.  I was so focused on getting leads. I thought that was going to be the hard part. Boy was I wrong.

I'm fairly new to wholesailing. I invest in real estate and have a property but my problem is too much inventory and not enough buyers. I have a great way to get leads and get properties under contract every week here in Philadelphia. My problem is I want to slow down and concentrate on building a better buyers list. At first I was going on the MLS and calling real estate agents and asking them to ask their buyers if they were interested. I fell like all most of them were doing was writing down the property address and waiting to contact the property owners themselves about listing the properties. I was going to potential buyers that I would meet at the local meetings but feel like they were doing the same thing as well. My question is does anyone have a way of building a buyers list that they think is better than all other ways that they are willing to share? I really don't have the time to go the the sheriff sale and talk to those investors but if you think that's the best way I'd love to hear you say it. (Maybe give your top 3 ways).

Please! Does anyone know how to pull a non-owner occupied list with this new system? I'm dying over here. 

I found a great renter this weekend. She'll be moving in immediately. The thing is that I want to keep the property and just use the equity to buy another 1 or 2 but I need to find a great bank or lender first.

I just finished up on a rehab and I want to take the equity out of the property to buy another investment property that I found through my monthly mailer. Can anyone suggest a bank or company in Philadelphia that is real estate investor friendly? I just tried to go through Santander and they shut me down after pulling my credit and reviewing my W2's. I want to go based solely off of the value of the property I busted my a$$ to purchase the property and rehab it and i thought when I got this far it would be smooth sailing. Boy was I wrong!