All Forum Posts by: Alex Jefferson

Its all a mater of cold calling and speaking to a few of them. Ask them questions about doing simultaneous closings, or double closings. Explain a scenario and see if they can close or have closed these types of deals in the past.

Thanks man, it looks like I'm going to have to make those calls. I really had no idea this would be the hardest part of starting a wholesale business.

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Thanks Keith, I checked out the link http://www.avvo.com/real-estate-lawyer/ny.html and it gives a list of lawyers. I will go ahead and search for a lawyer on that site. I had no idea how hard it is to find an investor friendly lawyer in NY. Man oh man lol.

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Originally posted by Keith Lutz:

Try www.lep-lawyers.com, they know this stuff inside and out, just presented a great shortsale presentation at my REI last night. In business 50+ office in NYC & Newark NJ.

Thanks Keith. Is there anybody that I should ask for? Would you happen to have a contact? I really appreciate it.

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Just wanted to bump this to see if anybody had any information. Thanks.

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Originally posted by Jeffrey K.:

If you call the "we buy houses" signs you will just get other wholesalers who have no deals. This is only good for finding someone to have lunch with and talk about you you arnt getting any deals.

Wholesaling is hard. I have assigned a property once in the 5 years I have been doing real estate. These deals are really rare. I do not have a "buyer's list," but know most of the guys who are buying with cash. I also know of almost every property that sells. If it is a good deal an investor will beat you too it. Also, most deals in my area just work for the end buyer and there is almost nevery any meat left.

Have you thought about becoming a realtor that works with investors. There are not many that are any good at this. I think there is a lot of money to be made here if you are good. I think the money in wholesaling is in selling books and courses. I am thinking that I should come out with one some day!

Ahhhh...I understand the skepticism and I'm sure I speak for a lot here when I say we appreciate your concern but you get out what you put in my friend. If you have only managed to assign 1 home in 5 years, maybe you should switch up your method. Also, I think wholesaling success is largely determined on the area you are wholesaling in. I hope things go well for you Jeffrey, please keep us posted on your deals.

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This is a great thread. I to just started the process of wholesaling. I am into my 4th month. I've spent the prior 4 months building my buyers list. I now have over 100 in state (NY) buyers and over 300 out of state buyers.
I mainly built my buyers list from LinkedIn but I have a few from Craigslist and other places. I have thousands of flyers and business cards printed with my toll free # and company information ready to go. I have business cards I will be giving to sellers and another set of business cards I will be giving to potential buyers.
I'll be ordering my bandit signs within the next 2 weeks and I'm still working on getting in contact with a lawyer as one is needed in NY to write up any real estate contracts.
I'll also post my experiences here to share and I will be a frequent visitor to this thread to learn from the experiences of others as well. 2012 is our year!!! Good luck my friend!!

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Bump... Thanks

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Originally posted by Curt Davis:

Where will you be finding these properties at? Are they bank owned? Do you have a real POF to actually get these properties locked up once you find one? Can you actually close on the property if your not able to sell it within the allotted time? Your scenario is simple but you will feel the heat if you dont have a buyer ready to go when its time to close. Make sure you also have private money lined up for you in case you need it like most investors do. Good luck

I live in a county where the average home goes for around 350k-400k easily. In all my years living here i don't ever recall seeing bandit signs, flyers, business cards, listings in the personals or anything wholesale related. Now, I know that could be a bad thing but I'm hoping its a good thing and simply means this is an untapped market. I'm hoping I run into a lot of tax liens. The property tax is around 14k per year and the school taxes are around 5k. That's Damn near 20k per in taxes alone. Can you please explain a little more about the private money please? Sorry for the run ons, I'm on my mobile.

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Originally posted by Joe O:

If you can find deals like that, with the numbers being realistic, you should have no problem finding buyers.

As you say, the best way to learn is get started. It seems like you have a good buyers list, so go start looking for deals. Post if you have questions along the way. :D

Hey Joe thanks, I'm sure I'll have plenty of questions along the way.

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Bump.
Thanks

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All Forum Posts by: Alex Jefferson

Alex Jefferson has started 9 posts and replied 44 times.

Post: Anybody With A List Of Real Estate Lawyers In NY?

Post: Anybody With A List Of Real Estate Lawyers In NY?

Post: Anybody With A List Of Real Estate Lawyers In NY?

Post: Anybody With A List Of Real Estate Lawyers In NY?

Post: Manuel - Wholesaling Log

Post: Manuel - Wholesaling Log

Post: Progress So Far

Post: Progress So Far

Post: Progress So Far

Post: Progress So Far