All Forum Posts by: Carl Randal

Do you have to close a "Subject To" deal with a Title Company?  Or can this be done with just a Notary and Witnesses (example: at a Bank)?

Does anyone know of Realtors who Wholesale Properties?

Hi Rob,  If you are going to get disability, check with the local veteran's services.  Depending on your rating, some will pay for your school and even provide you with a computer.  --Carl

Anthony, I can't say definitively, but seller who calls a "We Buy Houses" bandit sign is usually pretty motivated to do something.  Buyer are easier, yard signs, posting in craigslist, or with Postlets (which populates Zillow and a few other sites) is all you need to find Buyers.  That's my take, but I'm sure others have more creative places to find motivated folks.

Hi Pete, were you able to find some useful information on templates/presentations?

Hi Chris, NC Electricity has not deregulated yet (only Gas in your state). NC will probably wait until the end of 2015.

I joined a company that provides discounted pricing for TV (cable or satellite), Phone (voip), Internet, Gas, and Electrical service. In addition, when a customer applies for service through my website, I get a residual payment every time the customers pay on his/her bill. I have offered this same opportunity to landlords in my area and they all say "no". This is a legal and ethical business. Could there be some potential liability that I'm missing?

Hi Michael, You might want to get about 3.5% Option Fee (~4800) unless you are giving the TB option credits. The TB will need at least that much for an FHA loan. I really like your website! Who designed it for you? w/r Carl

My experience was with GoHoming (which has morphed into HUBZO). I needed a Realtor to make the bid, they required EMD of $1K (if they accepted your offer). The house I looked at had the kitchen and bathrooms completely gutted, water damage and was a general wreck. I offered about $55K of their asking price ($78K) which they rejected; however, 6 months later the house ended up selling to someone else for about $52K. Bottom-line, I think they are for real, but every property is different and their rep on the ground can either make the deal go quick or make it last longer.

Mike,

Forget using a Buyer's Agent. They are "Retail" salesmen and usually not willing to put their reputation on the line for what it takes to assist a wholesaler.

I use a combination of a Realtor's site and Zillow. Today, most realtor's have a website search engeine that is tied to the MLS. I use Zillow to search for the properties that fit my criteria, and I take the MLS# from the Zillow site and run a search with the Realtor's site to verify that the property is still available (as you may already know, Zillow isn't always up to date). Once I verify that the property is still available, I go ahead and make my offers diretctly to the listing agent using the Agent Contact information found at the bottom of the property page found in Zillow (I really like all the informatioin Zillow provides).

As for making a lot of offers, cudos to you for your persistence. I'm pretty much in the same boat as you as far as making a lot of offers and getting most rejected. I live in a pretty strong maket and it is tough to get all those "fantastic" delas you hear about. I suspect that these deals are primarily found in the "Sand Belt" and "Rust Belt" areas of the country. Sand Belt being Florida, Arizona, Nevada and California; Rust Belt being NE places like Philidelphia, Michigan and Ohio....just my take.

Sorry for the ramble, hope the first/second paragraphs help.

Regards,

Carl