All Forum Posts by: Melissa Webb

Hi Bryan,

If you are feeling antsy about putting in a "false" ad, you can always call the other "I Buy" ads and just ask those guys what types of properties they are looking for and that you will keep them in mind when you find a property. This will help you to build your buyers list.

As for your Contracts, I would also advise you to seek counsel from either an attorney, title company (if your area has this), or real estate agent who will work with you and your real estate goals (which are hard to come buy, it has been my experience that most do not like to work with investors).

I hope this helps.

Melissa

Hello everyone.

I have very recently become a member of BP and have been reading as many posts as possible to try to catch up and to see if my questions have already been asked and answered. But with all the posts, I have not been able to find one, so if this is a repeat questions, I'm sorry and can you steer me in the right direction?

My question is this: What is the best phrasing for advertisments; both on paper and on the net? I have done the traditional "I Buy Houses for Cash or Term in Any Area, Any Condition" but I dont' seem to be "catching" the motivated sellers. I keep getting indiviuals who are very firm in their price and won't come down to my 65% minus repair Rule (I'm looking to wholesale for now until I can start investing in rental/lease property or Mobile Home parks). I have plenty of "end-users" who are willing to buy the properties, but I have no properties to sell. Any Advise? :whistle1:

I would also talk to a really good tax advisor. He/she will be able to steer you in the right direction on what type of business you should develop for the best tax breaks and best asset protection (which is the really important part).

Hi Kirk,

Just wanted to let you know that you are not alone. I run by the 65% rule (minus repairs) and have only gotten one deal out of 50 offers. It's true that you have to find the very motivated sellers to make these types of deals. My problem is that I am having trouble finding these types of sellers. All the calls and emails I get are those who are looking to get out of their current house to buy a bigger one, or bought/re-fied at the peak that they can't possible go any lower.

All we can do right now is keep going, put those offers out there, and hopefully finally get those deals.

On another note, I am finding that a lot of sellers looking at foreclosure are being advised by their lawers and tax advisors that foreclosure is the only and best route to go; that they should not even bother with a short sale.

Best of luck to you, Kirk and keep us posted.