All Forum Posts by: Jason Bratter

Hello BP, I see a lot of people on here use different websites for direct mail, I am wondering which direct mail site people more useful than the others. Thanks Jason

And thank you guys, I appreciate it!

Originally posted by @Rivers Plowden:

You can't generally wholesale off the MLS, but I guess you could get lucky. Most people use direct mailings, Craigslist posts, bandit signs, and driving for $$ in order to find leads to wholesale. There just won't be enough profit margin with an agent involved, not to mention you will not really find the deeply discounted deals as you can find by direct marketing. Most wholesale deals involve some sort of distress on the seller side. You need to be able to solve their problem and find a mutually beneficial arrangement.

Yeah that's what I figured. I'm just going to stick to direct mail and bandit signs and everything else. I think it's possible to wholesale off the mls but I think it will just be more time consuming and the payout wont be as great. 

Thanks!

Jason

Hello BP, My realestate agent has set me up with a 24/7 listing that emails me houses in my price range. The problem is that they are all off the mls. How can i wholesale a house with the seller having a real estate agent? Im sure I cant just go to the seller and tell them to drop their real estate agent. Jason

Thank you guys! I appreciate it.

Hey BP, 

Just a quick personal question for you all. Who pays the closing costs? Do you as a wholesaler pay them, or have the buyer pay them? I have downloaded a few contracts for wholesaling off this site and some have a section saying the buyer pays the closing costs but I feel as if that my steer them away from buying the property if they find out they have to pay the closing costs. I also don't expect the seller to pay closing costs nor will I have them. Is this just a preference for most people? I'm just curious to see what everyone has to say or does about the closing costs. 

Thanks,

Jason

Hey BP, I know here in Ct we close deals with attorneys and not title companies and i've been looking into good attorneys and even spoke to one. They didn't understand what I was telling them. Anyone know of any good attorney's in the Hartford county? Thank you Jason

Thanks Chris for the information! I greatly appreciate it as it was what I was looking for. 

Hey BP,

I want to start out wholesaling but yet when I go and try to research more about it I am always coming across that you have to find a deal, find a buyer, and collect your profit. No one wants to explain what happens behind closed doors. I understand that you need documents and one of them is the sale agreement but is there anything else? I have heard that you need to find a title company, have a real estate attorney present and other things but I want to know what you actually need when you sit down with the seller and buyer. Also no one has explained how you actually make a profit. How do you charge your buyer? Is there a certain percentage of the property's sale price or can you just make up a reasonable offer? All I ever hear is the basic process but never what happens and what is needed behind closed doors. I hope someone can shed some light on this topic for me as I am eager to start. 

Thank you!

Jason

Hello BiggerPocket, My name is Jason Bratter and I am from Connecticut. I'm currently 21 years old and go to school. I plan on owning my own real estate company one day and I believe Bigger Pockets can help me achieve my goal. I do not have any experience in real estate but I have been doing my homework. I plan on starting with wholesaling and eventually working my way up. I'm looking forward to meeting new people and learning more about real estate!