All Forum Posts by: Salvador Maldonado

Im itching to start cold calling and I just want to know where are investors getting their cold calling leads from or what other techniques are you using. I already started driving around looking at properties to skip trace, but I hear you can buy a list of numbers.

thank you for the feedback 

Hello, So I have been driving around south Chicagoland and am in the process of building a list of homes that I think are distressed or vacant. I have also been looking at pre-foreclosures online and writing down the addresses of the homes I think would have some equity. I know I can start sending mail to these properties in hope that some will call back. But how would I go upon finding the number for these home owners? Im very eager to cold call these home owners I need to start talking to home owners and building rapport while I figure out a good marketing strategy. I would also like to hear some feedback on your own driving for dollars technique, thank you.

I wanted to start making calls to absentee home owners and distressed properties in my area, but have a big interest in pre-forclosures I would really like to help people out of a situation like that and already know that the seller has some type of motivation to sell. But im confused on the process of wholesaling a pre-foreclosure and I hear that it can be more complicated than it sounds. The way I see it is if im able to come to an agreement with a buyer who has equity I can bring the loan current and pay off the rest of the mortgage then there might be a deal. What if someone has an outstanding amount left on their mortgage? Can I propose a deal that a buyer would pay off the back payment to bring the loan current, then pay a few month mortgage while putting work into the house so they can sell and make a profit. If so then how would I go upon writing out the deal?  

Thank you for the replies. Very much appreciated 

Hello everyone, im a newbie investor in Chicago that is starting to wholesale I understand most of the wholesaling process and just have one question to ask. So Im getting ready to start marketing in about two weeks but I recently went to a attorney to have him review my purchase and sale agreement contracts and he told me to use a multi-board residential real estate contract instead. The contract is 13 pages long and more complicated than a purchase and sale agreement, the attorney told me I need the contract so im backed by "title insurance" which is making me question the process of wholesaling.  So what im trying to ask is do you use the purchase and sale agreement or do you use the multi-board residential real estate contract to wholesale in Chicago?