So recently I received two calls from motivated sellers, I am a newbie investor and I began marketing a few weeks ago and it is actually working. However, I am having a hard time following the rule to at least look at 20 houses before beginning to make offers(I havent figured out how I will be getting into viewings). Secondly, I feel somewhat comfortable in some areas of re investing but when it comes down to getting deals under contract, I do not know where to start(which contract to use, what the writing means, explaining it to sellers, handling emds, what to do with contracts after signed). Not knowing this important step is breeding anxiety. Who should I talk to? I have consulted with a lawyer and he seemed knowledgable and helpful but he still quoted me 200/hr. I would want to use a lawyer in a more secure deal where I know I could afford him.
The deals that came in are both two bedrooms and under 1000 sq ft, which makes me skeptic about my ability to sell them with barely a buyers list. Also, one call is in a city that I have not familiarized myself with. I have been farming in Ann arbor neighborhoods and specific Ypsilanti areas.
I do not want to think negatively, but at this point I know that I need additional help but I do not know where to find it. I also don't want to abandon my sellers who are in need of help, due to my ignorance of certain areas.
and if i did not say it before I am a newbie and I have yet to buy and sell any homes. Also, I want to begin wholesaling to go on to rehabbing, to ultimately acquire rentals as I redevelop and rehab homes in detroit neighborhoods.
Also I look rather underage to be buying homes. What can I do to assure sellers I am not wasting their time. I mean my phone etiquette is great but on my first ever meeting with a seller she said she did not believe that I could buy her home and that I needed to give her a biz card. I did know I needed biz cards and was upset that I could not prove that I was in fact a serious buyer, but nonetheless, I left the property without seeing the inside and went to acquire biz cards. Which I still do not have, smh. How can I get past this if it arises again?