All Forum Posts by: Sean Williams

Hi Everyone !

I just ran across a wholesale deal that a gentleman is going to let me purchase the home for $23000 . I know that the property will sell at around $40-$45K.

My question is once i put the house under contract. How would I market it to investors.

My first idea was to make up a property sheet with pictures and info with my business logo and contact at the bottom. Is that a bad idea to put the business logo on it ? Will investors shy away from me ? Should I just send it with a phone number ?

I don't want to miss any possible deals because they know I am a company.

Please help. 

Thanks

Sean

HI,

I have a quick question about wholesaling and title searches before i start placing offers.

I have a few properties that I can place an offer on already. My question is after I find my end cash buyer and do a contract with them. Will it be a problem once the closing attorney does a title search and they see that I am not the one they are purchasing the property from ? If so , how do I overcome this ?

One deal I will be using a transactional lender to protect my profit from being known.

On the other I will be doing an assignment for a fee.

Just curious as to how to deal with this.

Thanks everyone !

Sean

Hey Calene,

I'm doing the same thing you are doing ? I'm a realtor but did a wholesale deal years ago and it was a smooth deal.

But now i'm doing it again and my goals are just like yours... Let's push each other and maybe bounce ideas. I'm looking to do some stuff in Atlanta .

wow thanks...I just closed a deal with him about a month ago...I need to call him

Thanks

that was my line of thought from the beginning...but I felt that they shouldn't be getting half unless they paid  something ...not a lot but enough for me to purchase more signs and marketing materials for them and invest back into my company. And buy more ads

thanks...that is what I was thinking...I will go that route until I find an attorney that will work with me

I have 3 possible properties that I can put under contact this week and I'm ready to get going. 

I did a wholesale deal years ago but that attorney said things have changed since then and title companies are not sweet in these deals anymore

thanks..that's the route I'm going to take..I just had the idea of letting them get half of the profits but didn't think it should be for free.....

Just an idea...thanks for the insight

Just trying to see what others are doing across the country

Hi,

I had an idea that I wanted to run across you guys.

I want to get as many deals as possible. I have several friends that want to work with me.

This gave me an idea.

I told my 5 friends that I would give them a flat bird dog fee for every deal that they brought to me . By deal , i mean homes put under contract and sold to an end buyer. After closing and I'm paid, they are paid the referral fee.

Then I thought, Why not take it a step further ?

Here is what I would like to do. I'd like to charge a Gold Membership fee or call it something else. By paying this fee you will get training on how to prospect and bring me deals and when the deal is done , instead of paying a flat referral fee, they will get 50 % of whatever profit is made.

Am I on to something here or do i need to scrap the whole idea. 

I'm all about getting the most that I can and this was my idea.

What do you think ?

Thanks guys, I'm loving this site !!!!

Sean

I am having the same problem. I am now having to go with a transactional lender just to get a yes from my attorney that I can do this now.

It cuts into my profit but as of now until i find an attorney and title company that will get on board with me I'll just have to factor it into my pricing.