All Forum Posts by: Michael Westberry

@John Quebedeaux 

Thanks so much for the response. This answer is so detailed that I have copied it into a word doucment to look over second. It helps a lot to have the opinion of a rehabber who buys from wholesalers and get your opinion on what is far.

That is true about repair. Investors will have different opinions on scope of work depending on their target buyer or renter.

@Christina R. Thanks Cristina that will definetly weed out tire kickers. Also a short message gives off the presence of a small time person instead of a large business I believe

@Scot Rife thanks for the advice. I was just visiting family in Cinci...burr!!!

@Guy Gimenez and @Ryan D thanks for the response. Those are both good answers. I have written down the questions and am going to start screening in the morning.

@Brooks Rembert thanks that is good advice. As a new investor, I need time to really do my research instead of getting really excited just to make a deal

@Dave Gallogly Thanks for the advice. You are right, many seasoned investors will get deals because I could not close a deal that day. More importantly doing my due diligence will lessen the risk of getting into a bad deal.

@Ryan Dossey Thats a good way of looking at. And to answer your question these are non listed properties that I will be making offers on

I just watched Jerry Pucketts podcast which was filled with some awesome info. 

I liked his formula for finding the price he could purchase a property which is

ARV-rehab-(your fee). I wanted to see what other wholesalers use to find that price?

Is it better to make the offer on the first visit to a home or take a day to make sure your numbers are correct and you estimate rehab as much as possible?

I realize both sides would have pros/cons but wanted to get an opinion.

I have been looking around for title companies and was wondering what the questions to most effectively screen the companies would be?

Hey guys I wanted to get some opinions about voicemail. Do you prefer to have a long drawn out voicemail giving the seller the reasons to work with you or a short simple voicemail that you would hear if a friend missed your call?

@Mitchell Jaworski its hard to spend the money when you know it can be a producing asset. The early 70's chevelle's are sweet rides though!

@Gene Hacker

Thanks for the advice. It would be awful to not be able to find a potential deal.