All Forum Posts by: Wayne Woodson

@Brian Gibbons  The only way to sell a house with no equity is to either list it and hope someone is dumb enough to buy it "which is what most Agents do" or owner financing like a subject to or lease option.

I am not sure what you mean by this but if someone is asking why they have to pay you a 6% commission then you haven't done a good job of building your value. If the seller is having to come out of pocket at closing then the deal isn't a win win and I only do win-wins. You may want to consider a short-sale or subject to.

Yes I offer assistance doing seller financing as in I take over the deal and guide them through the process.

Try to hang your signs going vertical and not horizontal. Also don't use "We Buy Houses".

Can wholesaling make you a lot of money? - Yes

Will wholesaling make you rich? - No

There is a difference between the two.

I agree with Micah in my experience they get taken down way to fast here to be worth it. It used to be that I could put them up in some of the rougher parts of Nashville and they would stay up but not anymore.

I am an Agent and this is what I get from my clients.

1. Agent wont return calls

2. Slow or no response

3. Late to meetings/showings

4. Little to no marketing skills

5. Agent wont listen.

I think that some Agents just want to get their first or next listing and really forget about the Human element. Real Estate is 90 People 10% Houses. My tagline of my site literately says "I will sell your house big or small when others wont even return your calls".

Nope I wont me able to make it out to Brentwood then. However if you want we could meetup sometime for coffee or lunch.

@Maha Mikhail  Welcome to Biggerpockets. Did you go to the Landlord class at REIN yesterday? I would have went but I had other things going on that day. If I come across any more buy and holds I will let you know.

Best Seminar: Real Life Experience

Worst Seminar: Rich Dad

As a wholesaler there are three groups people you want to avoid when doing deals: Attorneys, Lender's and the IRS.

In my experience Attorneys and Lenders have killed more of my deals than anyone else. Every now and again you will get a person who says "I have a buddy of mine that is an Attorney, I want him to look over the contract before I sign it". It doesn't matter if you use your contract or your states "official" contract they WILL find something wrong with it.

In your case John I would introduce your buyers as "your partners on this deal" and just tell your buyers not to negotiate with the seller when you show them the property. It doesn't make it easy when you have sellers that feel like they have be there to meet everyone but it's not impossible.

@Micah Copeland  Welcome to BP and hope to see you at our next REIN meeting tomorrow.