All Forum Posts by: Maurice Smith

I would recommend not calling. That flag is there to keep you out of potential litigation. There are plenty of opportunities out there that aren't DNCs or litigators. I personally respect people's requests if they prefer not to be contacted and have made it known.

@William Wilson My company does. I will message you.

@Miller McSwain Thanks for the up vote.

Sure, happy to share. It's really all about setting your filters right. See the steps below:

1. Pick an area/city/zip code and filter for "Cash Buyers," which will return all the property sales transacted with cash. (Tip: If you are targeting specific cash buyer criterion, you can refine by property type, etc.)

2. Refine your sales date to the last year to get current buyers in the area you are searching. (Tip: Find the hotspots where cash sales are occurring, target the demand).

3. Examine the ownership details; you'll get one of two types, individuals or businesses (e.g., LLCs or Corporations). For the individuals, skip trace them or send them mail at the address listed. For businesses, note the owner's address, which usually indicates the state of organization filings. Search the state corporations site for the entity. You will get one of two POCs from the filings, either the members (owners) or a Registered Agent. You will have to skip trace the members, but the RA must have a physical address in the state to receive legal documents and correspondence. You might attempt contacting them to relay your desire to add the member/owners to your buyer list. Take note if the RA is a registered member of the State Bar/practicing attorney (it is easy to find their contact information; email, phone, etc.)

Note: This is just what we do... For individuals, we click on the linked properties, which shows other properties owned by the same cash buyer. If they have 3-4 or even better 5-10, they are likely more established and could be good cash buyers.

Hope that helps!

@Brian Sylvester Yes, you can assign a contract in North Carolina. As stated earlier in this thread, Max Maxwell and his FB group, YouTube, etc. are great resources. Just find a good real estate attorney that is investor friendly to help you with the specifics.

@Zachary McDonough We use Propstream to build our lists. We are able to generate both property leads as well as potential cash buyers. Not the only method, but its part of the overall strategy.

@Chris Wenchell A quick search on the internet will provide you with some options for Registered Agents. This could be an attorney, individual, or other business entity that can receive legal correspondence and other state documents. That said, I believe you are asking about the principal address, which is different than your RA. Some, if not most, do not allow you to use a P.O. Box, but there are options/services that provide a real physical address. You could explore "USPS Street Addressing Service," the UPS Store has one, or you could use one of the virtual office services that have a physical location. Just make sure its complaint with your state's guidelines.

I'd recommend Deirdre Brown at Lexicon Title, LLC. She's investor-friendly and has a wealth of knowledge and support. We just started operations in Virginia, and we'll be using her company. She is on BiggerPockets, but would also check her website.

Good evening. I would absolutely recommend forming an LLC in your state. It will give you the legal protection and separation from your personal assets you mentioned. Once you have created your LLC and taken any other necessary steps based on your state's laws, you can apply for an EIN with the IRS, which will be needed to create a Business Account with most banks. As Forrest recommended, consulting an attorney is advisable, and they can shed light on critical aspects such as tax structures and asset protection. But to get started, just visit your state's corporations division site and learn about what is necessary for organizing an LLC and the associated fees.