All Forum Posts by: Account Closed

You need a formal contract and a one page Assignment Agreement. If you believe that the seller or buyer will do something to cut you out of the deal then you need to file a Memorandum of Contract. 

Then the only thing to do is sell it to another investor after you get it under contract.

Sure I can't give you any contact info in this message board, but you can google them to get it.

Lima One Capital

Secured Investment Lending

Be sure to tell them I sent you.

What exactly are you looking for?

Can you handle the purchase yourself? As well as the rehab costs?

You will have to get that from an attorney or your real estate agent. 

Yes I do. I have deals all over Florida and Chicago IL.

I have been a wholesaler in St Louis for 14 years and now in Orlando FL. 

My advice to new investors is to start wholesaling properties. This is the quickest and best way to get started with the least cost.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. There should be some. Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close.

Many times the owners don’t update their mailing address with the county so you may get the letters returned. I use beenverified.com to get the most updated info. It costs me $24.95 a month but it is well worth it because it also gives me email addresses and phone numbers.

If you are going to buy the property, fix it up and then either sell it or rent it then you are through.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. This typically is investors. Then again go to the assessors website and find their name and mailing address. And again use beenverified.com to get the best and latest contact info.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.

Steve Anderson

I have a Florida RE License and it allows me to market other investors houses. That is the only reason I have one. I also use it for my commercial properties. 

Can you handle the purchase price and rehab costs? What about the area? Can the units be rented for a decent price?