All Forum Posts by: Lakeesha Romero

Hello BP Community,

I really have two questions that I really need to be answer? If anyone can help me with some much needed advice I would really appreciated it. I have to be honest i been all over the place from trying to wholesale with not much marketing due to lack of funds and finding out the hard way  its very difficult to accomplish this if you don't have a lot of cash to  starting out. I feel like I been wasting my time. I started to look into lease options and it seem to be something I would like to do. The book I was reading the main topic was sandwich options, but I was told that wouldn't be wise for a beginner like me to do because of the lack of funds, so he suggest to me assignment lease options.  I have made a commitment to myself that I'm going to make things happen this year and to stick to one strategy and that is assignment lease options until I get enough cash  reserves to move on to others forms of real estate.

My question is: How do I get a high volume motivated sellers. This is the most frustrated issue to me. I been marketing to expired listings and not having much luck with that. I mailed out yellow letters and most majority are returned. I also try craiglist my opinion it isn't good in albuquerque. I also tried FSBO sites as well. When i finally do speak with a seller and ask are they willing to do a lease option its always a no. The seller either wants cash or they tell me they don't want the hassle of being a landlord. What other resources can I go to find motivated sellers and my second questions is? Why can I explain how a lease option can be a benefit to them and how i can help the seller find a solutions to their problems so it can be a win win situation for a seller and the buyer. please help? Thanks,

Hi BP Community,

To answer your question the reason why I wanted to target seller with little to no equity I figure the seller would be highly motivated to sell their home on a term deal basics. Putting their home on the mls and it expired because the seller want more than the house is worth. If the sellers only have about 10,000 of equity into the property and trying to sell the property the traditional way between realtor commissions, costing cost fees, the sellers will have to come out of pockets and will have nothing leave.  The seller might be in a desperate situation and need to get rid of the properties due to financial distress or relocation or etc. My objective is to do term deals not wholesaling in this situations. Thank you Bill Gulley and Brent Coombs for your advice. To answer your question Brent, yes I will broaden my criteria and add older homes with lots of equity and need repairs. I know lease option are not for newbies that why i ask tons of questions. Can anyone give me some suggestion on where I can learn more, books,podcast, anything will help. thanks

Hi BP Community,

I like to thank everyone who reply to my post. Sorry I wasn't more specific on my post. To answer your questions yes I would like to wholesale, but I thought it might be difficult to wholesale on the mls. Am I'm wrong to come to this conclusion? Please tell me if I'm mistaken! My main objective for targeting expired listings. I'm very interested in doing term deals Subject 2,wrap, seller carry, lease purchase (sandwich), lease and assign and etc. What I was told is to find newer homes with little to no equity and minimal repairs.  That's why I had a criteria that way, but not having much success. Can I target older homes doing term deals? Should I look for properties that need major repairs or would that be more of a wholesale deal? What do I tell my realtor? Please Help? thanks

Hello BP Community,

I'm having some issues and  I need help to solve my situation! If anyone can help me; I will greatly appreciate it. First, of all I finally found a realtor that is willing to work with me and it wasn't a easy task that was my first hurdle I had to overcome.  We agree that she will provide me with a weekly expired listing and in returned I will give her a $ 500.00 fee when I close on a transaction. What my problem is that I'm getting my listings every week, but I'm only getting about average between 13-20 and that is not nearly enough for me to get where I need to be. I given her my criteria,but I'm thinking I need to make some adjustments. Here is my criteria tell me what you think.  

                                                        Criteria

listings that expired within 30 days

homes 2007-2014

1,200-2,500 sq feet

3,4,5 bedroom 2,3 bathroom

price range nothing pass 250,000

Please tell me what is a better marketing rate: post card or yellow letters

thanks,

Hello BP Community,

I would really appreciate if anyone can answer this question for me. I have plans to meet with a realtor next week for a cup of coffee. To discuss my goals that I want to accomplish at this time, but I haven't had any success at keeping realtors motivated to continue working with me. The realtors I been dealing with are not acting in a professional way. I have come to a conclusion that most realtors are, so closed minded and not willing to explore new opportunities

My question is what to say to the realtor and explain to them the advantages with working with investors? What incentives can i provide them to keep their interest? I'm a rookie and I want to meeting to be productive.  thanks,

My goal is : expired Listings

Hello BP Community,

 I just received a expired listing today and my direct marketing is using yellow letters, but the problem that I'm having that needs to be answer is what address do I used on the upper left corner. I been reading a lot of forums and its really making me more confused. One of the investor said not to used a P.O. Box. Can I leave it blank? I'm not putting my personal address. Please Help!!!!

Hello BP community,

I was wondering if anyone can help me with a question I would greatly appreciate it. What i want to know has anyone had any success in finding motivated sellers on these sites? My main focus is doing terms deals (creative financing). Please i need anyone input on this. Should I move forward or just avoid doing it? I don't want to waste my time if it doesn't work! thanks, 

Hi,

If anyone can help  I really  appreciate it! Where do I go to find owners who has defaulted on their property taxes? Do i go on list source or go on tax assessor website in my state? Please help? Thanks,

can u wholesale a property if the seller has a realtor?

I was wondering if anybody will help me or give me some input on how to deal with this situation. I was driving around my neighborhood and saw a abandon house that had some code violations notice on my window. It states it was unsafe and dangerous. I called the zoning building department to get more information on the seller, but got nothing. I went online to the tax assessor to do a property search on the property to get any information on locating the owner, but on the property search it only has the property address on there. I can't think of anything else on finding the owner. If anyone have any other ideas I will greatly appreciate it! Thanks????