All Forum Posts by: Account Closed

J Scott The main reason they say is that their house is worth more than what we have offered them. I couldn't tell you how far off I am with the seller cause they usually don't want to give the price they want. Although there was one that did- I was about 30k off from what she wanted and she wouldn't go a dollar less because that's what she owed.

Joe Gore I make all cash offers. I haven't included weasel clause but I would be happy to if they felt more secure. Isn't this further on in the process, More towards preparing the contract?

Russell Ponce Thanks for the response-very motivating (not sarcasm) Regarding your question- No, these are houses we located by driving around and taking note of major/minor repairs. We then use "yellow letters" to get in touch and hope for response

After wholesaling for a little while now I'm getting the impression negotiation skills play a major role in getting properties under contract. As experienced wholesalers yourselves, how do you begin your negotiation process. Do you shoot out the first offer or do you try to get the seller to start the negotiation process? If so, what is your strategies in getting them to do so?

My partner and I have made several (at least 10) offers on separate properties in which we believe would be ideal for our buyers. Our process is gathering the ARV and MAYO and beginning our first offer at 80% of MAYO and working our way up to our final offer at 90% of MAYO. We have yet to get an offer accepted. Instinctively, we figure were doing something wrong. Although we remain optimistic believing it's all part of the process. My question is, as wholesalers yourselves, have you experienced the same curvy road to a successful deal?

Hi, Does anyone have any knowledge on how to find the owners of multi-family units? P.s- when I search the name on my county tax assessor website property search, the current tenants name comes up.

Hi, Does anyone have any knowledge on how to find the owners of multi-family units? P.s- when I search the name on my county tax assessor website property search, the current tenants name comes up.

Thomas Quinn There is a lot of new homes being built in my area. Is it easy to appraise a lot ?

Hi everyone, Does anyone have experience with wholesaling possible tear downs? How do I know when a house is a tear down? If it qualifies as a tear down, should I reduce my offer significantly or, as a wholesaler, stay away from the deal all together? Thank you

Jed Kritenbrink Gautam Venkatesan Brett Russell I now understand a simplified version of a short sale, thanks to you guys. Much appreciated.