All Forum Posts by: Ray Hernandez

@Sean OToole Hey, Sean, thanks for all the information. 

Yes sorry for the confusion by me saying inherited but probate information is what I was after. I'll look at all the alternatives you provided for sure, thanks for all the detailed info!

I may try another niche if I do decide to go with PropertyRadar because the phone numbers you guys offer; that is a HUGE plus for me because I was looking to cold call. Rebo only offers landline phone #'s and I was told only about 40% of their properties have them. 

Again, thanks for all the info you provided.

@Jay Hinrichs Oh okay great! Hopefully he can chime in, I'm curious!

Thanks for the input, Jay.

@Jay Hinrichs Oh awesome! Do their services provide inherited house info? 

And they provide phone numbers don't they? I was looking to cold call and rebo doesn't offer cell phone #'s so I wasn't sure how I was going to do that.

Thanks for the swift reply.

I've seen reviews on these two services and even a thread comparing both of them but they're a little outdated and I'm just wondering if anyone else has new opinions on them? How's your experience been?

I guess I should clarify that I'm looking for information on inherited homes and I believe Rebo offers that but unsure about propradar.

Any new insight would be appreciated.

@Marvin McTaw Haha that'd be pretty cool if I got them a deal. But yeah I'm going to have to be on the lookout and try the auctions you mentioned. That's a great suggestion.

@Ryan Cox Great points. I'll need to start branching out in person and here on BP with local flippers and investors.

@Brian Garrett Yeah I'm going to have to network here on BP and at meetups.

So I've read around BP on posts dealing with building your buyers list. The easiest and simplest methods I've seen again and again are either posting on CL or searching around CL to find the "We buy houses fast" kind of guys. The second method being googling we buy houses + my city or sell house fast + my city to find these people.

I've been trying these methods and especially with googling I'm just running into other wholesalers. So my concern is whether or not adding other wholesalers to my list is normal? I'm still learning the ropes for wholesaling and don't know if it's common to sell to other wholesalers.

I thought buyers lists consisted of flippers and investors so I'm just a little unsure if adding these people to my list is fine and if deals can still be made with them. I'm pretty ignorant to all of this still forgive me but it seems if I have other wholesalers on my list it'd be harder to make a deal because they'd have the same goal in mind that I do.

Any help would be appreciated

Cheers!

@Kyle J. Ohhh okay, I gotcha. Thank you!

@Kyle J. Hey thanks for the reply! I understand it pretty well now after your example.

As for the repair costs, I thought I was supposed to factor that in as a wholesaler to be able to make sure I get the property for the right price, no?

But I'll check that article out right now

I've been looking into wholesaling the past couple of days since I may tie up a lot of my capital in other deals and I'll probably get pretty bored doing nothing. So now I came across one question that I still don't understand after looking into it.

How does wholesaling a house with a mortgage work?

I can understand better if I see some numbers as an example, I'm a little slow lol.

Can anyone provide a random scenario that includes all the numbers? Remaining mortgage, arv, how much the seller wants, repairs, etc. If I can see how it works I'd likely understand.

Much appreciated!