All Forum Posts by: Michelle Murray

I love, love Track & Field...looking forward to the redemption of Lolo Jones.

Zillow.com has something called a rental zestimate when you type in any addresss.

And they now offer rental listing, so you can see what others are asking for rent in the neighborhood.

Hope that helps

Hey Dustin,

I'll tackle question #1 for you, regarding ===> most"seasoned investors" do not really truly spend much time considering a deal from a wholesaler. Why is this?"

As a seasoned wholesaler that wholesales 5-10 wholesale deals per month in my local South Florida market. I've found that every investors criteria is as different as one's eye color. Most seasoned investors don't typically use a wholesalers as their MAIN source of properties, but rather as a part of a power team of Realtors, banks, attorney's etc. whom all can collectively feed them a steady stream of deals for their consideration.

Investors would then cherry pick the deals that make most sense based on their individual investment goals.

Now, its rare for me, but I've also come across a few investors that vow to not even consider a wholesaler as a viable source due to overwhelming amount of newbie wholesalers that may over inflate ARV's or under estimate repair costs. But, this is why every investor should run their own numbers and do their own homework to determine if a deal is really a deal.

My best clients understand that as with any source, every deal may not be the SLAM DUNK their looking for, but their will be many that ARE.

I believe that most Savvy investors realize that by not having a good wholesaler or a few good wholesalers on their team will ultimately limit the options they need to cherry pick deals.

Listsource is great and it certainly saves alot of time. The dates ranges is trickly, but I say that there are more likely for property brought 20 years ago to have equity than property brought five years ago.

Hi Dave,

You don't have to provide any reason as a cause for your backing out.

It can be as simple as "Your wife didn't like it or "you have second thoughts about the neighborhood".
There is no need to provide any proof to support your decision.

GOOD LUCK!!

Tommy,

Keith is right!

You must have something in escrow for your contract to be valid and legal.

When wholesaling, I usually use $10.00 to tie up my deals. Very motivated sellers, which are the one's you'd be dealing with hopefully, rarely dispute this and usually will go along without asking any questions.

Hi Jeffery,

I'm in S.Florida market and you can always bid on foreclosures on the MLS through a Realtor. But be prepared to enter into bidding wares as our market is swapped with investors due to the amazing cash flow potential

[SOLICITATION REMOVED]

I agree that if the leads are highly targeted, such as yellow letters, probates, etc..its 1 out of 10 leads

Hey Matt,

Assigning a deal requires 2 documents
(1) Purchase and Sale contract
(1) Assignment of Contract

Your Purchase and sale contract will be used with your seller.

After your seller signs and agrees to those given terms. You will use an "Assignment of contract" with your new buyer at your (new price), and attach your original "Purchase and sale contract" with your seller as exhibit A.

Your new buyers signature is not needed on your original contract. The reason that you would attach it will be for review only. Your new buyer will be stepping into your shoes as the new buyer and has to follow the same terms you agree to with your seller, thus would need to see what those terms are

FYI, since you will be providing a copy of your contract to your new buyer. Make sure to white out any pertinent info, such as sellers address, phone number, so they don't get any ideas of going around you..

Best of Luck!!

Hi BP,

I wholesale real estate in South Florida, and have been doing so for a couple years with much success. Due to the power of the internet, I have been getting and influx of international buyers wanting to buy properties from my company.

I am very familiar with the processes of double closing or assigning my contract to my US based clients. However, I have yet to work with a international buyer.

What extra steps would I need to take to ensure a smooth transaction other than the norm, If any. Are there any good articles or readings that you can recommend?.

I want to ensure my clients have a great buying experience so I may win there repeat business

I always use this site as a informative source of reliable and genuine advice and any help would be appreciated.