All Forum Posts by: Monia S.

@Rachel H. Thanks for your response. I have been going back and fourth in my mind about moving forward once I found that out however I'm still going to try to help because I'm sure it's difficult for the current owner. Reaching out to the surrounding landlords sounds like a good way to go.

@Cason Acor Thanks for you response. If you think he would be interested in this property you can inbox me so I can give you more information. But selling to the existing cemeteries is a good idea also.

Hello all

I came across an interesting scenario. I found a mobile home back in October that was off market at the time. When I called the first time there was no answer and the second time the guy answered but hung up. Fast forward to recently I finally got a hold of him at a better time  ( maybe he was in a better mood ) , and he gave me information about the property as well as his asking price. Even though he has 23 acres of land included,  the price he asked for was a little high for an as is site. However he then said that the property comes with three mobile homes along with an additional tractor and trailer .

After looking over the pictures he sent I then did more research on the property. I saw that he had been trying to sell for over a year off and on. He has $447 that is past due in taxes for the previous year. No zoning issues and no other mobile homes anywhere close to his property. We both decided to move forward so he gave me his Realtors information to speak with her. ( I know I should have talked to her first however I made the mistake of not searching the property first before calling again.)

His realtor is a nice lady who confirmed what he said. She gave me her email so I could send her an official offer and she then sent over a purchase and sell agreement. I still questioned the reasoning to why, especially in this time, why would it be taking so long for this property to be sold? Following through with my search to find an answer to my question I typed in the address in Google maps. When the property came up I then saw the possible reason to why some may have chosen not to go through with buying it...the property is sourounded by three cemeteries.

At first my thoughts were, " wow, this would happen to me" but I then thought about a way to create a better outcome for the seller who is probably running into a road block due to that fact. Seeing as though this land is basically associated with these cemeteries I wondered if there are any investors that would be interested in using his land to create an additional cemetery or possibly turn it into a shop where people can buy flowers or head stones for those who already have loved ones there.

Any thoughts or suggestions would be appreciated.

Hello all

I came across an interesting scenario. I found a mobile home back in October that was off market at the time. When I called the first time there was no answer and the second time the guy answered but hung up. Fast forward to recently I finally got a hold of him at a better time  ( maybe he was in a better mood ) , and he gave me information about the property as well as his asking price. Even though he has 23 acres of land included,  the price he asked for was a little high for an as is site. However he then said that the property comes with three mobile homes along with an additional tractor and trailer .

After looking over the pictures he sent I then did more research on the property. I saw that he had been trying to sell for over a year off and on. He has $447 that is past due in taxes for the previous year. No zoning issues and no other mobile homes anywhere close to his property. We both decided to move forward so he gave me his Realtors information to speak with her. ( I know I should have talked to her first however I made the mistake of not searching the property first before calling again.)

His realtor is a nice lady who confirmed what he said. She gave me her email so I could send her an official offer and she then sent over a purchase and sell agreement. I still questioned the reasoning to why, especially in this time, why would it be taking so long for this property to be sold? Following through with my search to find an answer to my question I typed in the address in Google maps. When the property came up I then saw the possible reason to why some may have chosen not to go through with buying it...the property is sourounded by three cemeteries.

At first my thoughts were, " wow, this would happen to me" but I then thought about a way to create a better outcome for the seller who is probably running into a road block due to that fact. Seeing as though this land is basically associated with these cemeteries I wondered if there are any investors that would be interested in using his land to create an additional cemetery or possibly turn it into a shop where people can buy flowers or head stones for those who already have loved ones there.

Any thoughts or suggestions would be appreciated.

Thanks @Jacob Maes for responding and for the encouragement. I definitely will keep going. I will just take this as a lesson learned.

Thanks @Cassi Justiz for the response, I will definitely keep that in mind and connect with a title company so this doesn't happen again.

Thanks @Tom Gimer for the response. I'm new at wholesaleing, I have only done research and posted pics for others- basically a VA for them and finally decided to do it on my own. I will keep that in mind and update my contract.

Hello all

I am a wholesaler and would like some advice from investors or other wholesalers who have insight on this situation.

After cold calling a off market property and coming to an agreed price with the owner, I sent him out a contract to sign so I can proceed with getting him a cash buyer. It was sent out around 5 pm and I also saw through docusign that he received the contract not long afterwards. Didn't hear anything from him the next day so I reached out the following morning to make sure he saw the email by asking if he had received it and to call or email me if he has any questions...still no response. Fast forward a week later he sends me a text saying he has questions about the contract and to give him a call when I can. Called him the same day to see what the issue was and he started off asked what an assignment fee was ( FYI I disclose the assignment fee and earnest money that is included in the overall price).  I explained that I am a wholesaler and that is a fee included in the overall price which the investor would pay along with the earnest money. He then asked who's escrow account would the money be in  ( fyi on the contract it says " earnest money" not escrow).  I responded saying that I would have to have a signed contract in order to go forward with the process of the investor committing to moving on to release that information. He then got upset saying that he asked a standard question that I should be able to answer. I then said that I understand but there is a process that takes place in order for me to give him that information and was willing to rewrite the contract to specify that he would get that information after signing the contract. He kept saying he doesn't feel comfortable not knowing so I  told him I understand- repeated what I said earlier about this being a process and advised him to consider other offers if he was not comfortable  ( BTW he had no there offers from my understanding ).

In my opinion he didn't seem as though he was serious about moving forward but my question is- should I have went about this a different way?Is this a " standard question" that I  was not aware of? 

Advice would be appreciated

Hello all

I am a wholesaler and would like some advice from investors or other wholesalers who have insight on this situation.

After cold calling a off market property and coming to an agreed price with the owner, I sent him out a contract to sign so I can proceed with getting him a cash buyer. It was sent out around 5 pm and I also saw through docusign that he received the contract not long afterwards. Didn't hear anything from him the next day so I reached out the following morning to make sure he saw the email by asking if he had received it and to call or email me if he has any questions...still no response. Fast forward a week later he sends me a text saying he has questions about the contract and to give him a call when I can. Called him the same day to see what the issue was and he started off asked what an assignment fee was ( FYI I disclose the assignment fee and earnest money that is included in the overall price).  I explained that I am a wholesaler and that is a fee included in the overall price which the investor would pay along with the earnest money. He then asked who's escrow account would the money be in  ( fyi on the contract it says " earnest money" not escrow).  I responded saying that I would have to have a signed contract in order to go forward with the process of the investor committing to moving on to release that information. He then got upset saying that he asked a standard question that I should be able to answer. I then said that I understand but there is a process that takes place in order for me to give him that information and was willing to rewrite the contract to specify that he would get that information after signing the contract. He kept saying he doesn't feel comfortable not knowing so I  told him I understand- repeated what I said earlier about this being a process and advised him to consider other offers if he was not comfortable  ( BTW he had no there offers from my understanding ).

In my opinion he didn't seem as though he was serious about moving forward but my question is- should I have went about this a different way?Is this a " standard question" that I  was not aware of? 

Advice would be appreciated

Many landlords are faced with the situation where a tenant has not paid due to personal situations. Some have tired to work with their tenants and others have decided to proceed with the eviction process. With either scenario are there any landlords who have figured that selling the house would be more profitable or less of a hassle verses continuing to go through the motions?