All Forum Posts by: J.j. McGuigan

Honestly, it seems you have things covered with the lender and lawyer to make sure you're good, but having a realtor may work in your benefit if you feel they could find you deals in the future and thus foster a relationship with them buy letting them in on this deal.  You can use this time to screen for a good realtor to have on your team who will want to help you in the future with deals by letting them in on this one. Hope that's helpful

@Michael Brown see if you can get a title search done before showing investors so you know what the issues are and can inform the potential buyers when offering the deal. Have a way of being able to back out if the title is too messy without having to pay more than some type of earnest money.

@Logan Merrick

I’m just replying cause it sucks you have to put up with some peoples negativity who try to act big but don’t bother asking for key information first which makes them look foolish.

@Craig Dieterich look for private and or hard money lenders. You may need to offer them I higher return than would a bank on that amount which you’ll just have to see if the numbers make sense to you

I think you should ask your wholesaler to get your commission from them and not add it on to the buyers purchase price.  That borders on a Net Listing which is frowned upon and illegal in some states.  There may be a way for you to help facilitate the deal as a transaction broker and I would get with your broker on that.  Best of luck to you 

I have't been on bigger pockets in months and this is the first thread I've read since. Holy hell !!!  I know I'm a newbie at this but there's all kinds of entertaining mess going on here and for the sake of the elderly owners of the property I hope they don't exist and this is just a troll lol

Depending on the relationship and what you've disclosed to the end buyer, would it be possible to approach them in asking for a finders fee? or too risky?

@Barry Pekin  Yeah i totally agree!! They each seem to beget the other and whichever one you find first just work with that and keep moving.  A good deal will attract buyers and a good idea of what specifics a buyer wants let's you know when you have a good deal for them.  Starting out it can be tricky I'm sure but once established it might become easier :) 

Hard to find online unless you have access to the MLS, if so look for properties that have been on the market for 90 plus days. Direct mail is probable the most reliable. Find a zip code area that you feel comfortable with and send out direct mail using on the services that provide that, it costs a little to do but the rewards are generally worth it in deals done by it.

To add onto the question of which area to focus on... I was curious on everyone's take on which to focus on first, especially in wholesaling.  Should one try to get a Buyer's list first and see what they're qualifications are for good deals and seek those deals or find good deals and then market then to investors? I realize it's a little bit of both but wanting to hear advice on which way to lean.  Sorry if it seems I'm taking the post off course as I'm not trying to hijack it just didn't want to start a whole new thread when this one seems up the same alley.  Thanks