All Forum Posts by: Priscilla Z.

Call the title company.  If you have a good title agent like I do, they'll pick up the phone and call the seller to see what's going on.  

Learn, take action and network with other wholesalers (call all the signs you see on the road that are promoting a wholesale deal or that say I BUY HOUSES CASH).  Have an abundance mentality, there's enough for all!

Title Company

So you've received a lot of great advice.  I strongly agree with the don't price lower than market rents.  I didn't read all replies so someone might have said this already but I do accept credit score under 620 with two times security deposit amount.  I've had no problems with this.  I believe people have had bad luck in the past and credit doesn't necessarily reflect their current situation.

One thing I like to do is actually CALL and talk to the references.  The landlords more than anyone.  If you ask the right questions and carry on a 'landlord to landlord' conversation you will get the information you need to decide whether they will be a good fit for you or not. 

Hey @Samuel Boyd - awesome! Yes we have space so I'll add you to our attendees for Monday's meeting. I did have a typo, thanks for catching that!  I missed a T! LOL :) but our email is at gmail.com so the correct email is:

[email protected]

Please resend your email and anyone that's reading this please use this email above.  Kinda long (Sorry!) but it's what I'm working with for now.  

My husband and I have been investing in real estate for 15 years.  When we began we didn't find anyone locally that was willing to teach us the ropes, so we had to roll up our sleeves and hustle.  Throughout the years we met people that were just starting and decided to do for others what we were looking for when we first started.

About ten years ago we started hosting an investor's meeting in Palm Bay.  The first Monday of each month is for wholesalers, brand new, seasoned, and everyone in between.  No sales pitches ever.  We are laid back and have have a REAL discussion about real estate around the table.  We celebrate successes, help each other with solving problems, share deals and network.   The meeting is hosted in NW Palm Bay at our office.

Space is limited.  If you are interested in attending please email your phone number to:  [email protected]

We have a whatsapp group that is setup for meeting information and notifications so we will add you to the group.

Feel free to email with any questions.

Look forward to meeting you!

Short answer, no you don't NEED an inspection. But, like @Randy Rodenhouse said, you will make the rehabber's life easier.  One of my mentors taught us that you can drop $400-$500 on an inspection and hand out the report to your buyers, you also have it to renegotiate with the seller during your inspection period IF you find things you weren't expecting.  Always be honest, truth teller, truth seeker.

I also agree with @John Zajac - it's so important to know the repairs so you are taken seriously.

We're good at wholesaling because we ARE rehabbers first, so we know what it will actually take to fix a house.  If you step into the rehabbers shoes, take on the identity, learn how THEY think and bring something of value to them, you'll be light years ahead of the other wholesalers just trying to make a buck.

Thanks to everyone for sharing your why....I love hearing other people's perspectives, it totally opens my mind to new things I can include as my why as well! 

 I love your honesty.  You don't need to explain yourself because someone feels sorry for Mr/Mrs Seller.  I'm celebrating with you for not getting yourself into a bad deal.  This is what contracts and inspection periods are for, and in all my years in real estate I have seen deals fall apart even the day before closing.  Stick to your gut feeling, it's one of our superpowers. 

Keep reading BP and surrounding yourself with like minded people.  You will always have noise from family and friends, they mean well, yet they don't know how it can bring us down.  Keep moving forward, your right deal will come along.

 Seems like we share the same why....and it seems like it's most people's why, family and providing for them.  Thank you for sharing!