All Forum Posts by: Doug Smith

Hey Dan! Glad to see you're having some success with the site! Yes, 2 wholesalers can work out a deal to sell a property. The warning message you referenced is in place to protect wholesalers from being bypassed.

Yep, ten bucks. And most investors rarely even give the sellers or the title company the ten dollars. Sellers want your money from buying the house, not the earnest money.

Hey Dan!

You can use the contract that I provided in this blog posting...

http://www.myhousedeals.com/blog/real-estate-investing/how-to-buy-houses-with-no-money-down.

Or you can use any other assignment contract that works in your state.

Hope that helps!
Doug

Hey Dan! I'm sorry to hear that. The sellers provide us with their email addresses and our system does send your message to them. My guess would be that the sellers you've contacted aren't proactive about replying to emails. Maybe a phone call would be better. The members of the site that seem to have the most success usually call instead of email, probably for the same reason you mentioned.

Hey Phil! We plan to expand nationwide, which includes Minneapolis, sometime over the next year. Until then, I would suggest that you ask some people at your local real estate investment club about the websites they use to get info on wholesale deals. Or you could ask other BP members in your area. Sorry I couldn't be of more help!

Hey Dan. You get 2 views per day under the free membership. They reset each night at midnight.

Dang E. Jacobs! Excellent explanation! I need to use it on our site! LOL.

Dan - For those that show $0 in repairs, you can interpret ARV as today's FMV (fair market value). For example, if a property shows an ARV of $200k, repairs of $0, and an asking price of $150k, then the numbers would indicate that they're selling a home worth $200k for $150k, most likely because they need a quick sale. However, I'm often skeptical of deals that show big equity and no repairs. Usually, the best deals are those that need the most work. It all boils down to pulling your own comps and doing your own on-site walkthrough to check for needed repairs.

Joseph and Dan - Yes, you can take a motivated seller lead from our site, put it under contract, and wholesale it on our site. It's been done plenty of times before, and I'm sure you can do it again. Wholesaling seems to work just as well in all markets, including LA. Please take note that you can do this with motivated seller leads, not wholesale deals, as E. Jacobs mentioned.

Hey Ali,

Sorry, we don't have a presence in Corpus. But we'll likely be providing deals there (and dozens of other cities) at some point this year. Once you see that we're active in Corpus, then you can start posting your deals there.

Love the city by the way. Ran in the "Beach to Bay" marathon there in 2003.

Hope that helps!
Doug

You're welcome E. Jacobs. Every now and then, we give free members Premium access for free for a few days. We actually did that 2 weeks ago, and everyone really liked it. We'll likely do it again sometime over the next 4 to 6 weeks. In the meantime, you can use your free account to pull comps on properties, go look at them, etc. All of the deals you access as a free member were Premium deals at one point. They were just "aged" by 14 days by the time you saw them.

Doug