All Forum Posts by: Ron Woods

Love the story, I thought it was going to a sad ending so I'm glad it turned out positive. Great job doing the right things and following your beliefs.

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Hey David welcome to BP.

Best of luck here, your in the right place. Be sure to check out Ultimate Beginner's Guide.

Also there is a BP meetup in LA coming up. Meetup for LA BP members.

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Sending my info over for Los Angeles area.

Looking forward to connecting and making $ with you.

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OK just to confirm its Saturday 4/9/2016 from 11am-2pm, correct? The date within the post says 3/19/2016.

Great to see this happening, I will be there.

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Originally posted by @Jeff Rappaport:

@Ron Woods, earnest money is very straightforward! I put in the purchase agreement the title company I will be using and the earnest money will be deposited within 3 business days of a signed agreement. I also spell out that there will be a due diligence phase (usually 2 weeks) that the earnest money is fully refundable. Keep in mind when you are dealing directly with the seller you can negotiate anything you want. I just did a deal where I put up $10 earnest money. I told the seller I would not be the buyer and I was not willing to risk any of my own money on his property. However, I have a large network of investors that I work with and was willing to see if I can pass the deal along to one of them. The seller agreed and I went and found another investor that bought the house. This works just fine when you are dealing directly with the seller. If there is a realtor involved you will have to put up earnest money and usually at least $500-$1,000. You may also have issues closing with the title company you prefer.

Ok Jeff, I did hear about something as small as $10 earnest money. That seems to me like the seller would be like $10?? I will take the advice from people like you that know what they are doing. Would you mind if I PM you with any additional questions?

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Jeff thanks so much for spelling that all out. Makes sense. You must be doing a great job of selling if people will overnight you a key.

What do you do about earnest deposit to the seller?

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Hi there BP community. Sorry if this question has been asked but I'm trying to put the pieces together I'm missing here. A lot of people have been preaching marketing to Absentee out of state & I am ready to try this. I know with IN-State & Owner Occupied you can meet them, walk the property, and close the deal right there by having the Purchase & Sale with you. But with Out Of State what does that process look like?

How do you get access to the property to walk it if they are out of state? Do they coordinate with a tenant to let you in?

How are you closing them on the sale? Call them right after you visit?

And how are you sending them the Purchase & Sale Agreement? Via email back & forth in some sort of fill and sign program?

Are a lot of you doing these deals with out ever meeting the person or do you find a way to connect with them? Do the seller have to be there or at closing to sign or can this be done with a notary?

Whats the usually way this works with Out of State?

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Originally posted by @David Tankersley:

2k really is not. The gurus will correctly teach you to expect roughly 10% of your mailings to call you back. Of those you have to qualify the leads and so if your lucky, 3-5% of those folks will be qualified, motivated sellers...but you have to be a good salesperson to get a contract!!! so this numbers are small, but when you can market massively it can work.

I speak from experience here. Only when you can market consistently will you get any leads at all. Only when you market massively will you get a steady stream of leads to count on.

Thanks David. Are you handling that volume of calls all by yourself or do you have a team set up?

And when you 1st started did you market to 2k or did you build your self up to it?

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Welcome and good luck to you!

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Great advice Tim, I'm soaking this all up and your advice is still affecting people 8 months later! Love this site.

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All Forum Posts by: Ron Woods

Ron Woods has started 6 posts and replied 60 times.

Post: Out-of-state with no room for error

Post: From the Inland Empire to San Fernando Valley!

Post: So many leads I dont know what to do with them

Post: Meetup for LA members

Post: Absentee out of state, Closing the deal

Post: Absentee out of state, Closing the deal

Post: Absentee out of state, Closing the deal

Post: What would you do if marketing budget costed you $0?

Post: Loving Real Estate!!

Post: Newbie wholesaler in greater Boston MA area