All Forum Posts by: Mary Newman

@Rick H.

Thanks for your advice!

I'm finishing up my first mailer and it looks pretty good. I have used some examples I found on google to write in some pain points and try and sympathize with what the sellers situation may bring. Here's what i have so far-

• Need to pay off some debt by the end of the month, but there is no way you can sell the house that quickly?
• Driving back and forth using valued hours of your weekend to check/maintain property?
• Spending thousands of dollars just to fix the place up so you can sell it?

Any suggestions on other "Pain Points" a seller may be experiencing? Pain points that may make them more motivated to sell? Any suggestions are welcome and appreciated. 

Thanks!

hi everyone i have located a motivated seller and am looking for an example of a wholesaling contract here in the kansas city are any help will be appreciated. thank you

I'm not so sure about that one either, I will not add that to my letter. Anything else you can think of? @Roland Paicely

I'm getting ready to create my first mailer to target probate leads but I am unsure of how to spice it up. Anyone have any examples they are willing to share or any input on what to add? Maybe just point me in the right direction as to where I can find some examples?

I found another discussion that housed the following points, is there anything I should add?

1. I want to buy your house

2. I pay cash

3. I can close fast or on the day of your choosing

4. I will pay all closing costs and there are commissions (optional but I recommend it)

5. I will buy your house as-is, no need to make repairs/upgrades.

Thanks!

I've been hearing the term "REAs" a lot and many investors finding groups in their cities that have helped them extend their RE knowledge but I haven't found any meet groups in my area yet. Anyone in MO know of any meet groups where I can join to learn and share ideas?

Again, thank you all for your help!

@Adrien C. - That's awesome advise. Thanks for the breakdown, it makes total sense now! 

 Thank you both for your help! @Joshua D. @Larry Turowski My next question would be-

Is the money I make from a wholesale deal taxable and if so how would I report it on my taxes if I do not have a tax ID? Could I just add it to my overall income using copies of my paperwork I've used to close these deals?

I've got the basics down on how a wholesaling deal works but I have a few questions on the steps before even marketing to find the deals. Do you have to register a business with the state, if so, what type of business? Can you use a fictitious name? Can a wholesale deal be done under your own name or do you have to use a business name? When it comes to dealing with the contracts, do you have to have a tax ID .. etc? Any insight helps, thank you! I was looking to use LegalZoom to handle all of the paperwork and filing of a new business but want to make sure I'm going the right route. 

Welcome to BP! My husband and I are also business partners in Kansas City, MO.