All Forum Posts by: Joshua Lee Wegner

Hi BP. Quick question for ya, I have a wholesale deal that is in the works. I want to get a house under contract that sits on 7 acres of land, He doesn't want to sell the whole parcel which Is fine but Im not sure how to go about breaking It up. Do I need surveyors or someone else? Also, what type of verbiage would I use In my P and S agreement that clarifies this matter? Thanks In advance, I appreciate the time spent.

Hi BP. I have a friend that has access to the MLS. What type of things should I have her look in to? I know there's a lot of useful information, but what exactly is available to her? Ways to find cash buyers, probate listings, absentee home owners and that sort of thing, possibly expired listings and such? Please help! lol thank you all.

Hello again BP! Like always, thank all of you who respond, I value your time and input. And it makes it much easier to learn, fail and grow. I've been submersed in this new world of wholesaling for 3 weeks now, and it's the first thing I've genuinely been excited about in the "career" part of my adult lIfe. With that said, after countless tax lien properties, hand written Zillow profiles; 1500 wrong phone numbers (a few right ones) an angry old man named willie that hung up on me. Also cant forget the man named Merlyn that almost lost his gold hooped earring while flailing his short arms due to a remarkably low offer that I nervously spoke aloud In his dimly lit floorless living room. The 10 or so absentee owners that are flying around space in a tesla; and 1 of my son's Ford Mustang notebooks. I say that to say this, WE MADE IT!!! I can say I've got a deal. Not a done deal, but an agreement to purchase a property. I'm anxious, excited, terrified but most importantly I'm determined. Determined to change the constraints of my financial barriers, enthralled by doing my absolute best to solve the problems put in front of me by these wonderful homeowners (except for Willie, He was NOT so wonderful) that need relief, that need a "pass go collect 200 dollars" card. Listen to them, be mindful of their situation, and try to offer a solution. I'll be honest, I'm clearly excited, and I also tend to romanticize my thoughts. That has left me with no segway into the actual reason I'm writing this. Remember that part up there 👆🏻👆🏻👆🏻 about the agreement? Well, now what? I have an agreement for 33k, the ARV is 115 and my repair sheet comes out to 30-35. I'm thinking of marketing this property for 42.5 OBO. What do you guys think as far as getting it out to the public? CL, FB Groups, Foreclosure auctions at the court weekly, and maybe bandit type signs with the ARV along with asking price? Any advice for marketing a property to buyers with no established buyers list will and is greatly greatly appreciated. Hope you all enjoyed my 3 week journey so far! Keep grinding, keep calling, and keep smiling. And I hope to see all of you on the other side! Positive vibes and thanks again for your time. Regards.

Hi there BP, I have an agreement that I'm working on that requires some sort of rent back option for the tenant. It's the owners ex wife and she will need the cash from closing to secure a new place. I'm currently using a one page P and S agreement that does not have any verbiage about this. If I were to offer a rent back period of 60 days or so is that something I can just write in to the "any other stipulations" part? Also, is this something that would deter buyers too much? Assuming a deal thats a deal is a deal? I value the communities time, so thank you in advance. Regards.

@Bryan Devitt there's a lot of tools you can use to find a P and S agreement, bigger pockets happens to be one of them. I don't see the need in discouraging people that are starting out. Flip man.net has a one page agreement that seems to work well. Good luck!

@Luke Espasandin hey there sir. I stumbled across a tax lien list that cost me a dollar for the first month. Hope it helps! Hudforeclosed.com

@Brian Mcmenamin definitely call the owner and see if they're willing to sell. Once contact is made all you should be focused on is getting that sale agreement signed with a 30 day closing contingent on inspection. If you have a great deal you will find a buyer. In the meantime, find out when your county holds foreclosure auctions and GO! That's the best way to find cash buyers in your area. Find the people that are winning the bids and go introduce yourself, let them know that you come across properties like the ones they just bid on for cheaper. Find out what they typically look for in a property and go hunting! Good luck!

@Brandon Sturgill thank you for your response sir. I have not spoken to anyone but the owner. I was under the Impression that If I found a cash buyer prior to the auction date for the amt of the foreclosure that I could still save this mans home. I knew time was very sensitive but thought that It was possible. with that said, what Is the timeframe on preforeclosed homes?

Hi there BP! So I have a foreclosure that goes to auction on the 30th. I have spoke to the homeowner several times and he's willing to do a rent back agreement. Is this something I put in the purchase and sale agreement? And any other information that would help with this type of situation would be greatly appreciated. Thank you!

@Sean Segers there's also a YouTube educator that has great content and his website has a 1 page P and S agreement that he's used for 14 years. Good Luck! WWW.FLIPMAN.NET