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Wholesaling

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JD Monroe
Pro Member
  • Investor
  • Panama City Beach, FL
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120
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Got 2 Call backs, What Now?

JD Monroe
Pro Member
  • Investor
  • Panama City Beach, FL
Posted May 16 2015, 13:10

I moved from Bossier City, LA to Great Falls, MT and couldn't find, as many or, as good of deals off the MLS.

So I decided to try a Direct Mail campaign, Yellow post cards from yellowletters.com. I mailed to absentee owners (in and out of state) with greater than 40% equity 568 total. The letters reached the mailboxes today. I have had two call backs this morning and I feel pretty good about one of them, so I set an appointment for Friday.  This house is in the Tax lien redemption period. I am not sure, yet, how much is owed. 

I was very nervous on the phone and stumbled through the call. I am not sure if I got the info I needed but feel good about the appointment.

I am not sure how to explain wholesaling to the seller or if I even need to.

I don't have a contract, and am not sure how to get one.

If, my offer is accepted, how do I start the closing process? 

Any and all comments/suggestions welcome

Thanks BP,

JD

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