All Forum Posts by: Sam Williams

Are you having good experiences with bandit signs in Pinellas County?  I have always been against bandit signs BUT I'm not getting a whole lot of traction with the other marketing ideas I've tried.  Letters and post cards aren't in the budget at the moment so I'm starting to consider maybe placing 50 or so to test the water.  I don't see very many other people using them so I have a feeling it may not be such a good idea.  I thought that responses from you seasoned investors may talk me down off the ledge.

Thanks,

Sam

When I'm "Driving For Dollars" I see houses that are neglected and in really bad shape but it's obvious that somebody is still living in that mess. I may find about 20/hour that are trashed like that and only 1 or 2 may look abandoned.  Would you send them a letter?  Or is it a waste of time?

Thanks.  I look forward to your response(s).

Does anybody know about a St. Petersburg, FL meet-up?  Has there ever been one?  Is there any interest in having one?

Let me know.

Thanks,

Sam Williams

This lady just called and said that she has to sell her double wide right now, tonight because she's driving to Illinois and has to be there tomorrow.  She said it's in great condition in a family park (Seminole, FL).  She's asking $2,000.  This is a new experience for me.  I don't know if I can pull the money together at this late hour.  Should I kill myself to try to make this happen tonight?  Would you?  Yikes!

@Ted Akers thank you.  I may have run aground with this one.  I'm still new and without much of a buyers list.  I have a good deal (I think) but I'm still learning about being "seen and heard".  I sure am learning a lot though!  

Wow,  thank you @Ted Akers!  It wasn't the good news I was hoping for but its really valuable!   I have learned so much from this one deal.  I hope it doesn't destroy my wholesaling career before I can get it off the ground!

Sam Williams

thank you @chad Reid.

Tonia - it is not a foreclosure.  It is a private sale.  There are no deed restrictions. The spread isn't huge but it's big enough that I'd like to do a double close.

David - you're absolutely right!  I didn't think about lender required inspections.

Wayne - the property is out on Zillow and the response has been great.  The reason I'm getting responses from realtors is that I didn't specifically say "cash or Investors only".

Thank you Tonia, David and Wayne.  I really appreciate you thoughtful responses. 

Man!  There's a lot of stress in doing this business!  I can see why people drop out!

Sam Williams

My first solo wholesale property is an ok deal.It’s a 4 bed / 2 bath house in great shape in Largo, FL so the market is pretty good.  I posted my ads and have several people ready to go look at it this week.  The real estate agents (2) told me that the buyers are pre-approved and can close right away.

My problem is that somebody else told me that this won’t work because conventional lenders won’t do a double close or assignment and that I have to have owned the property for at least 6 months.

I’m not sure if I should call the realtors and tell them that it needs to be sold for cash or let it ride and see what happens.  Because of the price and condition of the house the buyers seem to be very motivated.  I don’t want to blow it.  What would you do?

Thanks in advance for your advice,

Sam Williams

[email protected]

727-537-6150

When you're part time wholesaling while working a day job how do you handle your taxes?  Do you set aside 35% from wholesaling then pay quarterly?  Then do you change the way you file taxes on your day job?

 Sam Williams