All Forum Posts by: Larry N.

@Matt Lefebvre  In this area, if one has a PSA or Option to Purchase Agreement on a property, one has equitable interest and can legally sell the contract to another. 

@Eric F. Some of the real estate courses such as 10 Hour Wholesaler suggest a good way to start out with wholesaling using no money down or EMD is to work with other wholesalers.

It was my understanding that with a  purchase and sales agreement, option contract or assignment agreement signed with the wholesaler one would have equitable interest in the property. The wholesalers send you their properties to market and sell. Some wholesalers will split or share the deal with you and some suggest that you get paid from your end-buyer.

After you get the property under contract with your wholesaler, I was thinking to make a contract between you and your end-buyer and your end-buyer buys from you.  I was looking for the best way to structure the deal when the wholesaler doesn't want to split or share the deal.

@Account Closed No...I was trying to figure out the best way to structure the deal if  the wholesaler doesn't want to split or share the deal then make the contract between yourself and your end-buyer that buys from you.

I was thinking that one could get an option to purchase with wholesaler for his price to control the deal and then assign the contract to your end-buyer for your assignment fee.

Hi BP Family

I was wondering how to structure a deal with another wholesaler and get paid by my end-buyer. If you are working with another wholesaler to help wholesale their deal, and the wholesaler doesn't want to split or share the deal with you, then what would be the best way to contract with your end-buyer to get paid? How would one structure the deal ? Thanks.

@Account Closed 

You stated:  

"Also, instead of bringing other wholesalers leads, just ask them if you can mark thier property up 1000$ or so. That way you can build ypur buyers list while making mulah at the same time."

So first one would have to get contract with the wholesaler to get control and market the deal. Then market for an end-buyer. if you mark up the property, wouldn't there be a problem when your end-buyer sees the property advertised else where at a lower price? What kind of agreement would you need with your end-buyer to get paid, a marketing agreement?

Thanks

@Nitin Kanani maybe you can record something like an affidavit of equitable rights to help protect yourself.

Hi, I was wondering what is a good approach for emailing FSBOs on Craigslist to find motivated sellers.  Is it better to say "fair price" and not mention "cash offer".  On the other hand, if a property has a photo and the property appears to be in good, pristine condition, it seems one would not offer an all cash offer for this type of property, since sellers are looking for top dollar.  Should one mention that he is an "investor" or not, just a regular buyer?

I was thinking of something short and sweet to draw some interest to see if the FSBO may be open to doing an all cash deal, if not then maybe a L/O or seller financing deal. Any thoughts? Thanks.

"Hi, I saw your property on Craigslist. I'm looking to buy an investment property in the area and planning to pay cash and close quickly. If your price is negotiable, please call me. 123-4567 Thanks,  Bob"

"Hi, my name is Bob and I saw your house on Craigslist. I'm interested in buying your property at 123 Main St.  If you would like a quick no hassle sale at a fair price, please cal me. 123-4567 Thanks, Bob"

Hi, Thanks for all the great information regarding Investor Carrot websites and using PPC.  I was advised that Investor Carrot along with PPC was a good marketing strategy to get leads. I use Investor Carrot as my website and PPC, but I haven't had any success in getting leads yet. I also tried online marketing on Craigslist and using the website to get leads, but no success with Craigslist and other online marketing. I'm on a tight marketing budget with no knowledge of websites.  After reading the discussion here, it appears that one needs a strong marketing budget and knowledge of websites and technology to make this a successful marketing campaign. So I'm thinking that maybe direct mail may be a more suitable marketing channel for me to get leads.

Hi, I was wondering, since many prospects are now using the Internet, how others are doing with Investor Carrot websites and Google Adwords PPC marketing to bring in seller leads.

@Leah Bonner Hi Leah, what about something like......."if you can be flexible on your price or you can take a down payment and the balance in monthly payments, call me."