All Forum Posts by: Scott Robinson

I am trying to get my feet wholesaling and have the same mindset you do about making sure deals are strong before getting them under contract, because of that I have not closed a deal in over 6 months of trying. Some have come close, while some possibilities have not been good at all. My wife is a realtor so I have been able to hand off some to her to list on the MLS which is a nice benefit. She has been writing offers for a wholesaler for a couple weeks now, 1-3 a week. He did not disclose his intentions to her, but it is obvious. Seriously low, cash offers, long option periods, with the ability to list the home with a signed contract. She is relatively new to the business so she does not mind right now, but I can see how more experienced/busy realtors would not want to deal with this type of client.

I tried to read through many of the discussions on the topic, but mine is slightly different.  I am a new investor sending out yellow letters and have gotten a few positive responses from the first hundred or so, with one possible deal (so Im on track I think/hope).  I will be continuing to send letters throughout the summer but I will not be in town to work the deals(gone for 6 weeks).  I will still be able to take the calls and qualify the lead but need a partner to work them face to face.  How much should I expect/ask for in return for passing on qualified leads to my "summer partner"?  Percentage....flat fee...?

Thanks for the help!

Scott

Thanks Chad. I will be calling the zoning dept to get more information then I guess I'll make some calls to local commercial agents to look for possible interest. I'm not going wholesale or purchase it but will look for a buyer to get the commission on the close.   That way if I find one great and if I struggle it's no big deal. 

Thanks Sean I will call them. 

Good evening all, I got a response from a yellow letter I sent out last week, and need some advice.

I sent a letter to the owner of two homes in Waxahachie Tx, his response was that he is not interested in selling at this time but that he would sell a 3rd property he owns down the street. This other property is a 1600sqft home built in 1925 that has now been zoned retail. My questions are these:

Can a you live in "zoned retail" home? Who should I be marketing this property to? What information do I need from the owner to relay to potential buyers? What else am I missing?

Thanks ahead of time, I am new to this still.

-Scott

Hi Jeff, I'm new to this myself and just as interested in the responses you get. Ive been sending out letters for the past few weeks, in which I try to identify a pain and then offer my services as help to alleviate said pain. Most of what I've read/heard is create a relationship and help solve the sellers problem. Great concept but how to do it in a letter is a work in progress for me. Let me know if you find a productive letter. Absentee owners no longer interested in managing an out of state or town property for instance. I've sent out about 75 letters, had one person interested but the deal wouldn't work. -Scott