Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Vernon Watts

Vernon Watts has started 3 posts and replied 71 times.

Post: is wholesaling in texas legal without license?

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19

One last thing, you can join a group on Facebook, specifically for wholesalers (legal) and promote your business. By-the-way it's the largest wholesaler group on the network in my opinion.

Happy Hutting

Post: is wholesaling in texas legal without license?

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19

Shalom Luis,

Jonathon is right in his interpretation of the law in Texas. No need to debate the wholesaler's vs real estate agent's sales consideration. I am a real estate wholesaler operating for the past 4 years in the DFW Metroplex and I found that it's better to keep things simple, and not, deal with real estate agents who don't want you biting off (what they view as) their profits. Advertise as you please, on any venue that will accept your line of work and be honest about who you are and how you can help homeowners, and people that don't want to deal with real estate fees. That's why we exist. Help property owners, not to take advantage of or hurt the property sales process. Market your wholesale business as anyone would market a business concept and play by the Texas law and rules. Anything else, you'll be on your own.

Post: Wholesalers Near Dallas (Looking for Buyers and Wholesalers)

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19
Quote from @Cameron Kinsey:

@Miron Briley think you could help? I understand the steps, contracts, and how wholesaling works but I need help with the final steps of closing. I got my first house under contract so really trying to find buyers and someone to help with that 


 Shalom Cameran,

Sorry for the delay, I hope you were able to close on your deal by now. If not, let me know where you are in the process

Post: Wholesalers Near Dallas (Looking for Buyers and Wholesalers)

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19
Quote from @Benjamin Krebs:
Quote from @Vernon Watts:
Quote from @Benjamin Krebs:

If any of your sellers are open to creative financing terms such as subto or seller financing, I may have some buyers for you!


 Shalom Benjamin, I'm always in the market to discover new creative ways to move property with buyers, investors and financing "Not" readily available. I like to learn more about this. Do you operate in the DFW Metroplex?


 Sorry I missed your comment! I'd love to connect sometime and share more! https://blinq.me/9sdeTcShHDUBIPfxGfWX Feel free to reach out anytime!


 Shalom Benjamin, 

No worries I've been busy too. I hope thing are well with you. I'll call upon you if I run into a situation that need creative financing.  

Post: Wholesalers Near Dallas (Looking for Buyers and Wholesalers)

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19
Quote from @Benjamin Krebs:

If any of your sellers are open to creative financing terms such as subto or seller financing, I may have some buyers for you!


 Shalom Benjamin, I'm always in the market to discover new creative ways to move property with buyers, investors and financing "Not" readily available. I like to learn more about this. Do you operate in the DFW Metroplex?

Post: Whole sale off market properties

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19

Shalom Mark,

I'm a Wholsaler operating in the DFW market. I deal in off market properties and some direct property deals. I shot you a message about a property, off the market being used as a rental right now. We can do business once I get to know your criteria, message me on BP or vwatts.tx.rr@live.com  

Shalom Keith, does realor.com charge a monthly fee for post properties rental or sales as all the other do? I see that you realized that every institution, website, marketing place, and agencies of all kinds got their filthy little hands out, to make money off of your hard-earned deals. Good for you to take the route you're taking to increase your bottom line when the deal is completed. That's what I did, I stopped running to entities set up to help, but more to profit off me. I use sources like my own portfolio investors accumulated over the 5+ years I started buying and flipping properties. I use sources that doesn't charge (forever) for posting properties for sale, rent or otherwise. Keep seeking the best way for your bottom line to increase, with very little loses. Remember Real Estate is fluid.

Post: Looking to buy my first rental property! please help me think clearly.

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19

Shalom 

Shalom Muhammad, There's other areas to consider, south of Downtown Dallas. If you choose to stay at your present criteria and eighter buy at around $150k- $170k with very little upkeep and near 15% in the Lancaster, Wilmer, Kaufman Seagoville areas. Let's talk if you need help.

Post: Ethical pricing for a flipper -- How low is ethical?

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19
Quote from @Scott E.:

Buy as low possible. Throw away the 70% rule or any other arbitrary rule. Just pay the lowest number that the seller will accept.

If they think $500k is fair and your numbers work at $500k, then pay $500k.

If they think $350k is fair and for you it's a home run if you paid $350k, then pay $350k.

You're running a business not a charity. 


 Shalom BP fam, I'm with Scott, 100% that 70% rule is just a starting point to average the numbers out. Real Estate is fluid. and always changing for week to week, project to project. know your criteria and your budget. Stay on course and close the deal. 

Post: bought a house but found the construction permit is missing

Vernon WattsPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 86
  • Votes 19

Shalom Yong

Unfortunately, you may have to. In the meant time obviously there's a property built on the land you now own, since you seem to run into dead-ends while trying to get things in order, you can hire a building designer or architectural designer to give you a house plan or blueprint, for you to submit to the City of Dallas, along with your purchase contract of the property. often time you may want to contact the Title company you closed with for most of your information. 

Happy Hunting, Yedidyah