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All Forum Posts by: Robert Joiner

Robert Joiner has started 11 posts and replied 57 times.

Post: I was offered to bird dog

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

Patrick Jackson Yea I'm confident I can do my own thing, I would hate to know that I left money on table

Wayne Woodson I definitely agree with you....I work for somebody know I def don't want to somebody's employee or contractor

Post: I was offered to bird dog

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

I was contacted to bird dog properties for an investor in my area. I'm currently building my REI company using the wholesale strategy. I listened to his pitch which was pretty much find properties that meet minimum requirements and get paid at closing 500-3000. Well I explained that I'm working on my own REI company and let him know that when i find deals I can send them to him and assign the contract

My question is: Am I missing out on anything by declining his offer to bird dog for him and instead suggesting to wholesale a deal?

Post: My Wholesaling Journey-- hopefully this will be a LONG thread.

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

Brian L. Hey Brian watching your journey really helps rookies like me, while reading I put myself in some of those situations and wonder what will I do when it's my turn......I just built my first list and will begin my DM efforts in the coming days....I'm interested to see if that short sale led you have turns into anything......

I worked in Loss Mitigation at a previous employer and I've witnessed and taken part of the short sale process....I would definitely look into that option....although it can be a lengthy process (FNMA) you can sometimes get a good deal

My 2cents

Good luck dude

Post: Urgent: Wholesaling Owner Occupied Home - First Contract

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

Bill Mitchell if you don't mind sharing can you explain how you got to the point your at now, as fars as locating the property, locating and contacting the owner and then making an offer

This helps a Rookie

Thanks

Post: Real Estate Rookie in Dallas

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

@Richard Devaney Thanks for the information, I checked out investway.com and it looks like the real deal. how do I get access to MLS without being a realtor? When you search deed records do you go to the county clerks office?

Post: Found 6 Possible properties....Now What?

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3
Originally posted by Ibrahim S:
1. Hopefully you DIDN'T tell investor the addresses of the properties.
2. Check with your county for any liens and judgments against property.
3. Use step #2 to determine who the owner is.
4. Locate owner.
5. 'Convince' owner to sell after you've determined fmv and arv of property (many newbies mistakenly think that once you complete step 3, steps 4 and 5 are automatic) .
6. Have seller sign contract.
7. Run title report with understanding that whoever the buyer will be will reimburse you at closing.
8. Bring investor (buyer) in via assignment of contract providing that you did NOT violate step 1 and he did NOT undercut you and take the deal as a result (you won't see step 6 if he did).
9. (The 3 C's - Close, Collect & Cash)) Close deal, collect check and cash it.

There's much more to it than that but this is a quick run down.

No I didn't tell the investor the addresses I told him I'll get back to him but he is a cash buyer so I need to get on the research.

Post: Found 6 Possible properties....Now What?

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

@Ugochukwu Opara ok would the info from realtor be much different from going to realtor, zillow or truilia and getting finding listing and sale comps

Post: Found 6 Possible properties....Now What?

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3

I drove a couple of neighborhoods and found 6 properties that looked distressed. I wrote down the address on each and searched the appraisal district for the owner info, some were "estate of xxxx" one owned by an LLC. I met an investor that buys in the area I'm looking in....In general I know what I need to do but I don't have a mentor so I'm looking for some insight on everything I need to do before I make and offer,

Post: Real Estate Rookie in Dallas

Robert JoinerPosted
  • Specialist
  • Irving, TX
  • Posts 57
  • Votes 3
Originally posted by Jerry Puckett:
Originally posted by Robert Joiner:
OK so take it for what it is, and keep looking for answers

Absolutely. When I start my due diligence, I always look at the DCAD first, for owners full name, some times a phone number, and most definitely deed history. I also pull up Zillow, simply because beds, baths, year built, and square footage are right there, readily available. (and of course to laugh at the zestimate!)

Then I go to the MLS where I can plug all that info in or otherwise use it in my comping. There really is no substitute for the MLS in valuating a property, but here in DFW you might want to take a look at investway.com (no affiliation). It has a great CMA tool, and pulls directly from the MLS. I used it for over a year with great results.

your information is actually right on time, I road a neighborhood today and found 7 properties I'm currently researching, I met an investor today that asked me to send him a deal and he's ready to jump on it

So thanks for the insight

Inspirational .....7 Weeks!!