All Forum Posts by: Luke W.

My partner Shawn and I (Speedy House Buyers) have teamed up with Cory Boatright of House Kings to host a new monthly meetup in Oklahoma City. It is specifically tailored to discuss wholesaling. Shawn and I will be teaching what we do and how we run our business. Together we have wholesaled over 150 homes and counting in the last 2 1/2 years. We don't pretend to be experts, but we do have a good amount of experience. There is no sales pitch at all, and it's 100% free. 

Last month we had 30-35 people attend, and we had great feedback. We were there for about 3 hours.  We will be giving a presentation and doing lots of Q & A. 

You can also find this event on Meetup.com 

From my experience, you could serve the 5 day notice on the 2nd, if it's due on the 1st. Then, they have 5 days to pay or you can file for eviction. Then, once the eviction is filed, I believe it's mandatory that a court date be set within 10 days. 

If you don't serve the 5 day notice in person you must post it on the door and send a copy of the notice via certified mail.

I think you could easily go both directions. It may very well depend on the volume of deals you're doing, and how many people are on your buyers list. It can be really easy to develop a great relationship with 4-5 buyers who you know will most likely buy your deal. That's great if you want to continue to make similar amounts on each deal, seeing as that is what the buyer becomes accustomed to. Of course, there are regular buyers who don't really care what you make.

If you're doing 4-5 deals a month, with a buyers list of 500, then you most likely don't want to be sending personal emails or texts. Of course, you can always give certain people a heads up. However, I wouldn't sell yourself short by only selling to a few people. What if you come across other buyers that are willing to pay more? It's a tough balance and a good question.

#2, but I'd definitely mix in #1 if you have certain buyers that consistently approach you about deals.

It would most likely depend on what you negotiated with your seller, then what you negotiated with your buyer. If you could somehow negotiate both sides paying all closing costs, yours would be minimal. Also, are you sure you need transaction funding? Could you possible double close it, so that you wouldn't have to pay whatever lending fees you might incur? 

Than Merrill - Wholesaling Bible

Sean Terry's E-Book

*************'s books

There's going to be fluff in all of them. You can get all the information you need for free online, in the forums, in podcasts, or through networking. Those are just some books that I've thought were pretty decent and read awhile back. Hope that helps.

Right now we focus on our local market. However, I have no doubt that it can be done remotely as long you as you have a strong team in place. You would need boots on the ground, a strong buyer's list, maybe a local Realtor. Essentially, everything you'd need locally, but some people you really trust.

For me, I would let it go. Since he directly asked you not to wholesale it, I think you should respect that. It's always best to keep your word and reputation in good graces. If he wouldn't mind showing it to you once and allow you to bring some buyers, different story. Just my two cents.

Congratulations!

If you are needing to find a buyer I would recommend getting on Craig's List in Cincinnati. Also, you might find real estate investment Facebook pages in Cincinnati. Start networking with the people in the industry there. Or, you might find a local Cincy Realtor that works with a lot of investors, have them tack on a commission and see if they can bring a buyer to you. Just some thoughts.

Welcome to the boards!

Could start it with, "tired of dealing with those constant tenant headaches... Let us help you relieve some stress." Something along those lines. It could very easily be compared to a simple "we buy houses" post card, just geared a bit more specifically for those landlords.