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All Forum Posts by: Philissa Gilliard

Philissa Gilliard has started 12 posts and replied 53 times.

Post: Finding a great Title Company

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11
Originally posted by @Elizabeth Wilson:

@Philissa Gilliard - Get recs from other investors. Ask in the forums or go to local REIA meetings. That is how we found ours.

 Thanks.  I will do that.  

Post: Finding a great Title Company

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11

I am looking for a great title company. Is there an interview process for the company? Is there a check list that I should have to make sure that it is the best company for me?

Post: How to figure wholesaling fee?

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11

I am new and am still learning my market. I have not spoken with any investors yet due to me wanting to research as much as possible in wholesaling, so when I do, I will be able to offer a great service that will benefit us.  I am not in the business of wasting anyone's time.  Thanks for your advice working backwards sounds great. I will use that strategy as well.

Post: How to figure wholesaling fee?

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11

Thanks for the response. I have been researching mls, auctions, etc. And could not see how to go about setting a price. 

Post: How to figure wholesaling fee?

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11
Originally posted by @Curt Davis:

Ideally you try to charge as much as you can. Buyer can always offer lower and then depends on if that works fro you.

Good luck.

Post: How to figure wholesaling fee?

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11

Ok Thanks! Great! I was thinking something along that line but was not for sure. 

Post: How to figure wholesaling fee?

Philissa GilliardPosted
  • Ellenwood, GA
  • Posts 55
  • Votes 11
Originally posted by @Account Closed:

@Philissa Gilliard You need to find out how much are investors willing to pay for a property in your market. An easy way to find out is to ask other seasoned wholesalers in your area and pull REO comps (closed with cash) in your area . For example, if ARV= 100K and investors are willing to pay up to 75 % , in this case, 75K all-in (purchase price plus renovation costs) then you need to lock the deal for less than that. Otherwise you won't be able to assign your contract and collect your fee.

Just signed up. Thanks!

Good luck to you.  I am also a newbie and have found so much great information here. Best wishes to you and your real estate journey.

Hello Jeffrey., this is great to start this with you.

I am starting a little late in the year but..

1. Learn all I can and begin my wholesaling journey.  I plan to make at least 2 deals a month.

2. Buy a four-plex so that I can house hack and begin my journey into multi-family homes.

3. Read 24 books and listen to 96 audio books this year.  I do not have time to read many books due to learning a new trade and home-schooling my two little boys.

4. Listen to all BP Podcast that has to do with what I am committed to doing this year.

5. Network more in the BP community.