1 June 2015 | 28 replies
If I can't be somewhere in person to physically drive by potential investments as part of my due diligence, I hire a temporary assistant to help out.
17 December 2014 | 16 replies
The great thing about direct response marketing is that uou can target who you want to do business with (and who you don't).For the same reason that you may not be on the local Rolls Royce dealer's mailing list, you may decide to omit certain names from your leads list as they may not fit YOUR criteria.Odds are that a 25 year old delinquent tax history has got quite a story behind it (think Erin Brockovich).
13 June 2014 | 19 replies
First, I'd look at markets you can drive to then expand from there until you find one that fits your goals.
10 June 2014 | 8 replies
I will make an example to see if this fits your scenario- The realtor sets an automatic daily search in the MLS with your parameters and you get a daily email with a link to properties - When you find a property that looks good to wholesale you call the agent and provide him the deposit check, proof of funds and the conditions of your offer, he makes the offer in your name (for example on 100,000$)- The listing agent presents the offer to the owner- If the owner accepts your offer, you calculate the price for reselling the contract (let's say 110,000$) and you start looking for investor to assign your contract- You find an investor and agree a price (let's say 105,000$) and to close in the established day according to the contract you have- If the investor is willing to use your agent, then he will represent the buying side and the listing agent will split the commission with your agent (typically 3% for the listing brokerage and 3% for your agent's brokerage), which is transparent to you because the seller is the one who pays that to the listing agent.- Then you will pay part of your assignment fee to the realtor, according with your agreement (30% of 5,000$ = 1,500$ if you found the investor or 70% of 5,000 = 3,500$ if the realtor find the investor) There can be an issue - Probably the investor has his own Realtor to handle his purchases, in that case you will need to figure out something mutually agreed with your Realtor, because he and his Brokerage will not get his split of the commission from the listing agent at contract closingAnyone has a comment about this?
13 June 2014 | 5 replies
Together we can help you find the data and properties that fit your investment strategy.
14 June 2014 | 2 replies
Hi Guys,I'm a newbie wholesaler and i'm currently in the process of getting ready to meet with RE Attorney's to find the best fit attorney for my business.
12 June 2014 | 4 replies
Also, several states require that you have a physical office in that state.
11 June 2014 | 0 replies
Hi Guys,I'm a newbie wholesaler and i'm currently in the process of getting ready to meet with RE Attorney's in my area to find the best fit attorney for my business.
12 June 2014 | 21 replies
I'm not only looking at those two cities, I'm actually open to anything that fits my $30-50k range.
13 June 2014 | 13 replies
I know it ultimately comes down to the cost of the project, if the seller is willing to fix/adjust price and if the deal still fits the 70% rule.