All Forum Posts by: Seth Liebert

I’m looking to flip some houses as soon as possible. Got my LLC, business bank account, contractors, lawyer all lined up. Even got a $30k loan from a family member. Working with a national wholesaler and a hard money lender which is their sister company which has preapproved me for a loan. Through a miscommunication, I underestimated how much I’d need for my first deal. I have one private money lender with a considerable amount of cash and a definite interest in investing in real estate, but he’s hard to get ahold of and I’m getting the sense he’s apprehensive now that the moment has come. I’m looking for ways to come up with $20-75k in reserve capital (the family funds well is dry). I’m reaching out to everyone I know but there are no guarantees at all. I’m considering putting up a Craigslist ad asking for microloans of $1-5k with a 10% APR or flat interesr rate and hoping I get enough interested parties but I’m not overly optimistic and I don’t even know if it’s legal. Any advice for coming up with more capital for my first deal?

Is Zillow (or Trulia, realtor.com, etc) a good place to get comps or do you really want to use Trend or have a real estate agent run them for you?

I'm hoping to get started with wholesaling in the next few weeks and I'm trying to get down to the nitty gritty.

Do sellers need to be present at the title agency when you assign the contract to the buyer?

I'm hoping to get started with wholesaling in the next few weeks and I'm trying to get down to the nitty gritty. Do sellers need to be present at the title agency when you assign the contract to the buyer?

I'm hoping to get started with wholesaling in the next few weeks and I'm trying to get down to the nitty gritty. Do sellers need to be present at the title agency when you assign the contract to the buyer?

Actually - I should also make sure this is legal and not bird dogging. I have heard of wholesalers doing this so I guess I assumed it was legal but I should double check ...

Someone I met at a real estate networking meeting has a house under contract that he was going to flip but instead wants to wholesale. I have a few cash buyers lined up so he agreed to split the assignment fee with me. How do I make sure he holds up his end of the bargain? Is it as simple as a promissory note? Or is there a better way?

New investor here, hoping to get started with wholesaling. I'm going to start marketing soon with a combination of bandit signs and direct mail pieces. I have two questions:

1) How many bandit signs should I place and how many direct mail pieces should I send out? I assume I'm looking for at least ten seller leads, maybe more. What is the number of leads I want and how many of each marketing strategy should I employ?

2) How much should I expect to spend on the right number of bandit signs and direct mail pieces? Are we talking in the $250 range or closer to $1000?

Thanks in advance!