All Forum Posts by: Logan Clark

Besides ListSource, what are some of the better sites that offer lists? I’m looking for code violations, inheritance, probates, evictions, etc. any recommendations?

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Is cold calling sellers illegal now? What if I’m a wholesaler not using an entity? Would I still need to register with the Do Not Call Registry?

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@Braden Smith thank you!

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A lot of home owners still use landlines. My question is how do I filter out sellers who have landlines when I’m building a list to send an SMS Text blast to?

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@Jesse LeBlanc Thanks!

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@Will Barnard This is an MLS property that we received through an agent so I figured we had to do the double closing method. Are we able to assign the contract if we are going though an agent?

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I am getting ready to make an offer on a property that I’m planning to Wholesale to a cash buyer. It will be a double close so I’m wondering at what point do I call a lender to set up transactional funding? Do I do it right after I make the offer? Or should I wait for the seller to sign the purchase and sales agreement first?

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I am reaching out to lenders as a proactive measure to build my Power Team. I've reached out to several local banks, but there are also a lot of local credit unions in my area. Do they typically lend on rehabs/rental property investments?

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Originally posted by @Will Barnard:

Any market with willing and able buyers and a motivated seller is a market to wholesale. The real question is, how are you gong to operate your "wholesale business"? If you intend to do what most others do, you will likely be entering into the illegal or immoral arena so it is important to know HOW to do it right and legally. Second, knowing what your buyers want is key to moving forward. Some will argue find a good deal and buyers will come. While that may or may not be true, I argue why not find what your buyer or buyers are looking for and thus, you know in advance who your buyer is and what they want. It also allows you to operate legally without a license if you contract it correctly. Locking purchase contracts with assignment clauses and then publicly marketing to others expecting a fee for brining buyer and seller together is brokering without a license and in many states, punishable by fines and even jail in some cases.

Working in your own backyard where you know the market and know the conditions will give you an edge. While doing so long distance is possible, it can create other hurdles, not just logistics.

Thanks for the tips! @Will Barnard

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Originally posted by @Marc Cesar:

@Steven Wilson thanks for your reply. I actually ended up doing 20 deals virtual deals that year after to posting lol. Some were rather tedious but it happened.

@Marc Cesar Do you remember what you did to get started? Any tips for me as I get started virtual wholesaling this year? Any mistakes to avoid? Thanks!

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All Forum Posts by: Logan Clark

Logan Clark has started 10 posts and replied 15 times.

Post: Best place to purchase lists?

Post: Is cold calling illegal?

Post: How to Create List for SMS Text Blasting

Post: How to Create List for SMS Text Blasting

Post: When do I line up Transactional Funding?

Post: When do I line up Transactional Funding?

Post: When do I line up Transactional Funding?

Post: Do credit unions typically fund rehabs/property investments?

Post: How to choose a market to wholesale in.

Post: Virtual Wholesaling