All Forum Posts by: Account Closed

it was a joke sorry, ignore my comment

http://rubberspraysealant.com/

tell the seller that you are an investor and that you plan on making some profit for you and your partner. say that you will most likely not be doing the rehabbing yourself, but your partner will be so you would assign the contract to him.  or if you can trust your buyer, have him sign the contract and trust him to give you some profit.

typically, if the seller has a high mortgage it is going to be a no deal. you have to get the property at a discount, and if the seller doesnt have enough equity to do that than its  a no go. 

many types of strategies to learn, but as far as wholeasling to fix and flippers, the house needs some equity

just flex seal your whole roof

the key is marketing

many new investors start off by wholesaling because basially all the money you need is to market and you get your check instantly.

if you have some money you can find equity partners or hard money lenders to fund the deal for you and you can do the fix and flip yourself

i wouldnt look for an attorney yet unless you think you need one.  i would spend that money on a marketing campaign so you can get some leads coming in.

go on craigslist

form some partnerships with other investors. tell them youll do most of the leg work as long as they can help you do a deal and then split profits 5050 or something. if you are low on funds tell them to fund your marketing campaign and youll send them all the leads you get.  

before starting your marketing campaign i would go on craigslist and just talk to people. 99% of the people on there are not going to want to sell their home for cheap, but it will give you some good experience on the questions that you need to ask and it will give you a feel for who is motivated and who is not

@Matthew Paul

I disagree with that big time. even if the house is in perfect condition i am not going to cut a deal if they are asking retail price.  if i see 0 motivation in them there is no point in wasting my time to go over and check out the house . i have much better things to do then waste my time on something as silly as that

@John Powellso how do i make sure i win the bid?  obvisouly it means bidding higher then someone but am i supposed to have any clue at what they are bidding at?

example : last week an agent brought me to a house that was in foreclosure. i was ready to write up the offer, and then the agent said that someone is buying the house to live in and was paying close to retail.    is that a mistake on his part? is that something i can change?

i mainly want to target houses that need a lot of work. is that easy criteria i can set? or am i still going to get 100 houses that i need to look at

@Phillip Trenk

so do i jsut make a faceboo, twitter, youtube account and write my website down somewhere in the description ?

i recently got subscribed to a magazine that keeps records of foreclosures.  i have 500k that i want to put into a project so ive been marketing big time.  one of the things i want to start getting into is foreclosures.

what are the things i need to know and how do i become the winner? when i talked to a few of my realtors, they sent me a humungo jumbo list of foreclosures. how do i know which one i want? am i really supposed to run comps on each and every one of them and see which one is good for me?

any tips and tricks?

completely new to foreclosures so anything helps

thanks