All Forum Posts by: Tj Hines

1. You and the seller should have an agreed upon price under contract before you start marketing for an end buyer. This will protect your rights and interest in the deal.

2. Your Title Company or Closing Attorney should be able to figure out for you the Warranty Deed. You must give the title company a copy of your agreement between you and the seller.

3. Well what's fair? The answer to that question is, is whatever you think is fair.
Normally on a wholesale deal the wholesaler trys to make a minimum of 5K! I usually pay my bird dogs 1K once I close on it for finding me the deal.

4. Truthfully you will have to be the one to figure out if this an opportunity worth pursuing.

Hope this helps!

Go to your counties property appraiser website and look for tab called property records or official records. Once you have located that go to your address tab click on it and put in the address of the property that is in question. This should reveal who the owner is, as well as the mailing address. You can also find out what is the tax assessed value on the house and how much property taxes are annually.

Hope this helps!

Quite honestly it's hard to evaluate whether the wholesaler is reputable or not.
Be sure to evaluate the deal by running comps comparable to the property you are interested in. See what the numbers tell you and this should let you know whether this is a deal for you to keep moving forward on, or walk away with.

Once the calls start coming in introduce yourself and let them know what it is you do and how you can provide a superior service to them like no other.

Make sure to get all of their contact info such as name, email address, solid phone number and all of their buying criteria, such as what areas they like to buy in. Also how many beds, baths and square footage. Whether they like block or frame homes. And last but not least what is their typical price point.

Hope this helps!

The answer to that is very simple. The info is public records.

Yes go ahead and hire a VA if time doesn't permit for you to answer phone calls during the day. Losing out on potential leads just by not being available can be very costly.

It is possible to wholesale properties with realtors, but it's probably best to let them know exactly what your plans are for this deal, meaning how do you want to structure it.

I would say 80% of realtors are clueless when it comes to knowing how investors structure their deals. If the realtor doesn't agree to how you want structure the deal, then simply move on to the next one. No hard feelings.

Once you do come across that Realtor that has an creative mind as an investor does then keep them close by and build a strong relationship with them.

Hope this helps!

If you have done your proper research meaning you ran comps comparable to the property you are interested in and you know its a good enough deal to make a profit on, the first thing you should do is contract the property with the seller. This gives you full control of the deal and if anyone is interested they must come through you first. This protects your interest and rights in the deal.

Getting paid a very small commission is peanuts compared to what you can make just wholesaling the property to another investor.

Hope this helps!

1. Properties that are primed for wholesale are usually properties that are distressed and needs repairs. This allows you to buy the property at a discount which should create a big enough spread where you can sell this property to your end buyer for a profit.

2. You can also put a contract on a property that is not free and clear. By doing this you have to figure what is the loan balance on the property and run comps to see what properties are selling for comparable to the property you are interested in.

3. If the property note is held by the bank then you can't get any of that info unless the owner/seller decides to sign a release of authorization where you can retrieve this info from the lender.

4. Your approach with banks is to get a knowledgeable realtor that knows how to deal with banks.
Private sellers you should go ahead and deal with them on a one on one basis.

Commemorative stamps usually work the best. You can mail any day of the week it doesn't matter. This will not be the determining factor whether they receive your mail or not.

Be sure to personalize your letter in red ink. It's good to have a returned address and name on the mail. You can set it up with UPS they have street addresses that you can set up as PO box.

Hope this helps!