All Forum Posts by: Jeffrey Brandt

Thank you guys so much for taking the time from your days and replying to my post!

@Crandall Thomson, we are 100% tracking with each-other on this. I love the ideas you threw out there on how to relay the idea that....he doesn't need a realtor. I had another discussion with the seller today after reading everyones posts and was able to get him to somewhat understand the fact that.... he doesn't need a realtor haha.

@Account Closed you got it buddy, as soon as the property is under contract I will shoot it over to you. 3/1 1400ish sq ft in Lake Worth area.

@Kyle Mccaw great point. He knows he can't sell the house the way it is on a regular market, no bank will loan on the property without the proper rehab. He is going to make essentially a fixed amount no matter what I do with it later.

I guess my main question is, what would a single close or a double close look like when a realtor is involved on the sellers end, especially when wholesaling?

Hey all!

I am beginning my first wholesale transaction. This is an off market property that I sourced myself. The seller has NOT listed the house with an agent.

 I am supposed to look at the property tomorrow, the owner is an absentee, living somewhere else in Texas. I am in Fort Worth and so is the property. I have pulled comps etc and after my viewing tomorrow I think I will be ready to put him under contract, however I think I hit a snag.

The guy said "I have a friend of mine who is a realtor and I was planning on using her". He doesn't have the property under contract however, just considering using her.

My question is, how would you lock this down?

My thought was to tell him "look, there isn't enough margin, so if you bring a realtor in, I will have to take that out of your net."
Would you just throw a contract at him and fingers crossed he signs and we close the deal?

I imagine him bringing a realtor "friend" in would pretty much kill the deal because any equity we are making here would probably be disclosed to him and he would just take the deal off the table.

I'm a newbie, what can I say🤷‍♂️

Thanks for your any advice you can offer here. Really looking for the best way to take a hot lead and get him to the closing table.
Thanks again!

(Alex, if you're reading this, yes I copied and pasted my message to you here as well. My fingers are getting tired from all of typing 😁)

 Hello Whitney,

Thank you for your input, I was not sure if there were alternatives to a HELOC or a Cash Out RE-FI. But i do find it interesting what you said about exchanging into another property with better LTV.

Thanks for your input Kyle! I love HELOCs and Cash Out Re-Fi's! Let me know if you think of any other ideas!

Hello All!

I wanted to reach out to the community to see if anyone would like to offer insightful ideas as to wisely "equity strip" rental properties as to #1 limit exposure and #2 consistently keep your equity work for you.

Feel free to be as detailed as you would like on any ideas or procedures you follow when it comes to limiting exposure as well.

Thank you!😀

Hey all!

I have never purchased an off market property, however I would love to snag a few here and there now that I have all my ducks in a row and ready to rock!

My question is, do sites like Propelio actually work when it comes to generating off market leads for properties to purchase for myself? It is not my goal to wholesale the properties to other investors, rather to purchase the properties for myself.

Any tips or tricks on how to work the system to our advantage? Any particular things to look out for? Is it worth the $99 a month?

Any info/insight on this would be highly appreciated!

Thanks