All Forum Posts by: Prabhjot Khinda

Have you ever been in the living room or on the phone with a seller and they just aren’t getting convinced? Most of the time sellers are skeptical and on their toes when on the phones with wholesalers.

Something has helped me exponentially, is pushing myself away from the seller slowly and professionally. For example...

Seller: I won’t be able to do it at 170K, I need Atleast 200K to move forward.

Wholesaler: I understand Mr. Seller that you want more for your home, let’s face it you have lived in it for 25 years, you know your home best.

Seller: Yeah it’s worth way more.

Wholesaler: I wish I could offer more but the numbers have to make sense for both of us... I really hope you get your house sold at 200K. If not, please feel free to reach back to me about the 170K cash offer.

Sometimes when we give the seller the benefit of the doubt for their offer, it makes them trust you and they see you care for them. But at the same time, you are letting them know you can’t go more than your offer because it just wouldn’t make sense.

I hope this helped. Thank you for your time.

@Keedrick Mitchell hey Keedrick if you need any lists at all from list source, let me know. I can get it to you for 2 cents or less a record.

@Bryan Zuetel we are going to buy it as-is cash offer and then going to wholesale the business. The building is in a shopping plaza and owned by the landlord. There will be a lease for the new owner.

@Brian Juris the property is going to be a quick close, all cash offer. Buying it as-is

@Joel Owens thank you for the input Joel!

@Brian Juris I am looking to wholesale it. Need a standard commercial purchase agreement and then going to assign the building to another buyer.

Hey everyone! My father and I want to buy a commercial building which is a Chinese restaurant. But we do not want to go through an agency or realtor. We want to buy directly from the seller. Does anyone here have any standard commercial purchase agreements? I live in the state of California. Thank you!

I have noticed that direct mail is not nearly as responsive as it used to be back in 2015 and before. Atleast for me it hasn’t been and I have heard from others as well. Meanwhile, cold calling is a great marketing technique because it’s much cheaper. It costs about on average 20 cents to gain a record. Meanwhile with mail, it can be anywhere from 80 cents to a $1.20. And with mail you have to send it consistently to get a response. Cold calling has about a 10% response rate when making calls. With that being said, what works better for y’all? Direct mail or cold calling, and why? (I understand that both of these marketing strategies will vary based on the market location)

@Benjamin Barredo I have a lady from the Philippines who is a VA and also trains cold callers to do calls for real estate investors. The callers get paid 4 dollars an hour and work about 20 hours a week. If you want I can get you in touch with her.

@Bradley Bissett Craigslist, Newspaper, Facebook, REI meetings. Also joining some commercial associations can help as well. There are other commercial investors who might have clients or can give you strategies. And if you are willing to pay, you could hire a leasing company like Lee and Associates or some other commercial real estate company to market for you.