All Forum Posts by: Sean Winfield

@Vinny Gaines and @Nastassja S. thank you for your replies.  The seller financing is a great idea.  That way, they would feel as if they are getting a better deal as opposed to a low-ball, one-time cash offer and no additional money.   

Thank you @Mark Pedroza for your reply!  On the inventories filed, I see it says Estate $XXX,XXX in personality  or Estate $XXX,XXX in personality and realty.  Would it be safe to say that the latter states there is real estate involved? 

What's the best way to start setting up probate deals?   Using the court information, I can see when wills are presented, inventories filed and executors are listed.  If I wanted to take a chance and send a letter, would I do my research to see if any real estate is involved, wait until the executor is appointed, then send the executor a letter? Is there a better way? 

I'm new to wholesaling and haven't made my first deal yet, but I'm starting to receive calls from out of town owners.   The house or houses they own are free and clear, they now live out of town and are either tired of managing or just want to get rid of properties.  The some of the properties need little maintenance or already have tenants.   How would you structure a deal in these types of situations? 

So as a newbie, I must ask this question.   Your feedback is important because when I do my first deal and the many deals after that, I want to do them RIGHT and more importantly ETHICALLY!  I plan to do my due diligence and crunch the numbers before writing up a contract...I plan to do an inspection when the house is under contract...and more importantly, I want to work to solve the seller's real estate problem!  At the same time, I know things can go wrong and deals don't go through at times...so on to my question(s)...

1. What are your thoughts on including the infamous "weasel" clauses in your contracts?  Do you use them or not?  If not, why not? 

2. Do seasoned investors take you seriously if you use them? If not, is there a better way to say that the deal is no longer going to happen*?  (Note: I'm taking your replies for informational purposes only, I would still check with my attorney when writing up the contracts!! :-)  )

 Frankie, 

Thanks for the warm welcome!  They most certainly are....I think it took about a half hour or more to respond to all the posts!!!  It's awesome!

 Hey Joe, 

Will do, but if you don't already, I'd encourage you to attend the Cincinnati REIA as well... I heard a few of the investors talking about properties over in KY...may be good for your buyer's list. If I hear of anyone wanting to sell in KY, I'll keep you in mind!

Thanks for reaching out!

 Jamie, Yes I did actually!  I was so scared going up there!  I'm still learning the ropes, but I'm climbing quickly.  I feel I have to keep the momentum going...  I was up there looking for buyers.  What I need to do is talk to people individually because although I received a few business cards, I don't think anyone went to my website like I was asking.  I think talking to people one-on-one will be the best way to build relationships!  

Thanks for the support!!!  Tap me on the shoulder if you see me again!!! 

 Dmitriy, 

Thank you for your response!  The alerts is a great idea.  I checked them out and setup a couple!  

 Jerry, 

Awesome!  Thanks for your response.  You'll be seeing a connect request sometime soon!