All Forum Posts by: Jermaine HILL

Thanks @Brian Rhodes. Also, I wanted to thank you for the real estate attorney referral!

Hi Rose! 

Welcome to Biggerpockets.  

Your fellow BP peers has giving you some good information to get you started.  I have started wholesaling 1 month ago.  I have recently got a deal under contract last week and assigned it to a buyer.  So far its been going really well for me and I have been getting at least 8% response rate on my direct mailing campaign in the Richmond Area.  I only send out 100 letters a week.  In saying all this, I feel you will have great success in the Richmond area with wholesaling.  A lot of opportunities! 

One advice I wanted to give you.  Honestly, I would not focus so much on finding buyers.  Wholesaling truly comes down to finding motivated sellers.  I would focus more in getting you direct mailing campaigned started first.  If you put a good deal under contract, trust me the buyers will be there.

Wish you all the Best!

When using Agentpro247, the only way to retrieve the Abseentee Owner mailing address is to click the view records. Once you click view records the list will populate on the right. Then at the top of that list you click select records. This will prompt you to a pop up screen. This screen will allow to give the document a name. Once you complete that portion you click okay and then it will download the list into excel format. In the excel file you will find the Absentee Owner "Mailing Address"

Seth Williams explains using AgentPro247 the best!

https://www.youtube.com/watch?v=A88Uq66Om_I

Hopefully this helps!

@Tom V. - Here is a podcast of a "Realestate" agent turned "Wholesaler" on Sean Terry Podcast.  Great interview!  He explains how wholesalers differ from realestate agents detail.  He also gives pros and cons of being a realestate agent and gives his opinion on if its worth getting your realestate license.

I recommend soon to be wholesalers and investors to listen to this podcast.  Great Information!

http://podbay.fm/show/381971291/e/1382569354

I completely understand someone who advocates for getting your license. But I like to look at things a little more differently. I am currently a full time engineer. So I like to look at things rather or not its value added for me at the moment. I believe getting my realestate license rght now will not be vaule added. I will have to take time to study and take time off from work to talke courses either online or in a classroom. Right now I am just interested in learning the business slowly through wholesaling and if I like it enough down the road I will eventually get my realestate license. Its the same principle as telling a high school student to go major in something just so they can have a degree. What if I get my license and decide I dont really like realestate like I thought I would have. Wholesaling gives me a way to get into realestate and learn many facets of the business to see if I really am cut out for it. I agree if this is somethng I see myself doing for a while , then I see the benefits in otaining my license in the near future.

Thanks a lot for everyone replying to my post.

@Bill Gulley 

I am just looking to get started with wholesaling rightfully and legally and not take corners.  By having a good paying job at the moment, I feel puts me in a great position to learn things the right way!  

That's why I took the time out and called around to reputable realestate attorneys to help draft me both a purchase and assignment contract.  I could have done with most people do which is look up on google.com and get contracts off the website and use them for their deals.

So I am really trying to do this the right way and truly learn realestate.

@Brian Rhodes - Yes I have had a couple realestate attorneys tell me what I am getting into may be illegal.  Granted I don't think that quite understood what wholesaling is.

But I was considering going the guru route and get a general purchase contract and assignment from their website.  

But I will definitely give E. Sean Tluchak  a try.  I appreciate the lead!

I am getting started with realestate wholesailing in the Richmond, Va area. I have contacted many Realestate Attorney's in my area who have either:

A. Have no idea what I am talking about
B. Says what I am getting into is illegal
C. Only do escrow and/or closing and have no experiencing drafting contracts to be used for each deal.

So I am reaching out to my Biggerpockets community and asking for help in overcoming this hurdle. First, I know its not illegal, but where can I go to find a generic purchase contract and assignment drafted to get started with wholesailing>>

Any Thoughts?

NEED SOME HELP GUYS!! THANKS!

Update:  My wife and I would like to think everyone for their response to my original post!  We have carefully read each post and did more research while taking a closer look at our finance and have decided to wait at least 1 year.

We are going to agressively focus on paying off both car loans.  This will take around 7.2 months and all save as much as possible.  We then feel we will have enough money saved to venture into buying an investment property or buying a primary residence, pull out the equity right away and invest in an investment property.

Going this right gives us more financial stability, better leverage and more options.  

ONCE AGAIN THANK YOU ALL!!!