Comments on: Three Easy Ways to Build a Wholesale Buyers List http://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ronald Cagapehttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-98418 Ronald Cagape Mon, 31 Oct 2011 10:07:17 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-98418 These are great tips Steph. Article was posted a few years ago but still remains relevant. Hand-written bandit signs are really good. Tarpaulin signs are now very cheap where I am and they consistently generate a good flow of leads. These are great tips Steph. Article was posted a few years ago but still remains relevant. Hand-written bandit signs are really good. Tarpaulin signs are now very cheap where I am and they consistently generate a good flow of leads.

]]> By: Joe Ziolkowskihttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-89053 Joe Ziolkowski Tue, 30 Nov 2010 16:06:31 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-89053 Hi Steph,Just an idea, but I think if you were to record a few conversations that you have with the "for rent sign" landlords, about a zillion people would probably watch that :) Also a p.s. to anyone reading this and wondering, these ideas do work. It's a numbers game, so be prepared to hear some no's. Just don't get discouraged. It gets easier with time. Hi Steph,

Just an idea, but I think if you were to record a few conversations that you have with the “for rent sign” landlords, about a zillion people would probably watch that :) Also a p.s. to anyone reading this and wondering, these ideas do work. It’s a numbers game, so be prepared to hear some no’s. Just don’t get discouraged. It gets easier with time.

]]> By: Jakehttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-89026 Jake Mon, 29 Nov 2010 22:46:44 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-89026 Great Advice Stephanie- Do you target/prefer nice neighborhoods or rehab/low income areas to wholesale properties?Thanks! Great Advice Stephanie-
Do you target/prefer nice neighborhoods or rehab/low income areas to wholesale properties?

Thanks!

]]> By: Davehttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-77845 Dave Mon, 01 Feb 2010 07:13:26 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-77845 Steph, The info you provided in your recent articles is very insightful and helpful. My wife and I are just beginners. We own 3 properties and have another under contract. Unfortunately, BOA has been dragging their feet on our short sale offer (4+ months so far), but that has given us time to look (unsuccessfully) for a buyer or a JV partner. You would think that with $90K+ in equity (pre-rehab) that finding a buyer would not be too hard, now would you? Well, we're sure having trouble. I'm going to try some of your ideas for finding buyers, they all sound very workable and productive. Thanks for the tips. By the way, if you know somebody who wants to make $50K in the next three or four months, please send them my way. Thanks again for the great tips! Dave @ Creative Housing Solutions, Leadville CO Steph,
The info you provided in your recent articles is very insightful and helpful.
My wife and I are just beginners. We own 3 properties and have another under contract.
Unfortunately, BOA has been dragging their feet on our short sale offer (4+ months so far),
but that has given us time to look (unsuccessfully) for a buyer or a JV partner.
You would think that with $90K+ in equity (pre-rehab) that finding a buyer would not be too hard, now would you? Well, we’re sure having trouble. I’m going to try some of your ideas for finding buyers, they all sound very workable and productive. Thanks for the tips. By the way, if you know somebody who wants to make $50K in the next three or four months, please send them my way.
Thanks again for the great tips!
Dave @ Creative Housing Solutions, Leadville CO

]]> By: Janethttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-75513 Janet Fri, 20 Nov 2009 06:16:49 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-75513 Well it is really a great way to find more buyers but by doing this we expect that there are lot of frank callers that we receive everyday. Do you have any tips on how to make sure or to figure out if they are really a good buyer? Well it is really a great way to find more buyers but by doing this we expect that there are lot of frank callers that we receive everyday. Do you have any tips on how to make sure or to figure out if they are really a good buyer?

]]> By: Norm Whitehursthttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-73843 Norm Whitehurst Tue, 06 Oct 2009 02:11:44 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-73843 I think this is a great way to find buyers, and I thank you for your help. I think this is a great way to find buyers, and I thank you for your help.

]]> By: Stephani Davishttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-70166 Stephani Davis Sat, 12 Sep 2009 05:37:46 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-70166 Hi Joe,Yes, the other wholesaler has it under contract, so you can do a double assignment (they assign their contract to you, and then you assign it to your buyer), or, if it's a bank deal that can't be assigned, you would put it under contract with the wholesaler and then assign that contract to your end buyer...I've been involved in deals before where the contract was assigned 3 times. It can get messy when there's that many people involved, but it's possible to pull off if you know what you're doing. :)Steph Hi Joe,

Yes, the other wholesaler has it under contract, so you can do a double assignment (they assign their contract to you, and then you assign it to your buyer), or, if it’s a bank deal that can’t be assigned, you would put it under contract with the wholesaler and then assign that contract to your end buyer…

I’ve been involved in deals before where the contract was assigned 3 times. It can get messy when there’s that many people involved, but it’s possible to pull off if you know what you’re doing. :)

Steph

]]> By: Joe Ziolkowskihttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-70147 Joe Ziolkowski Sat, 12 Sep 2009 04:11:34 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-70147 Thanks again Steph. Sorry to be asking a hundred questions here, but when you say have it under contract or option, doesn't the other wholesaler already have it under contract? So would you have a seperate contract, or get in on the original contract somehow? Sorry if it's a stupid question, but I've never seen that type of deal done before :) Thanks!Joe Ziolkowski Homestead Property Solutions 708-476-3290 Thanks again Steph. Sorry to be asking a hundred questions here, but when you say have it under contract or option, doesn’t the other wholesaler already have it under contract? So would you have a seperate contract, or get in on the original contract somehow? Sorry if it’s a stupid question, but I’ve never seen that type of deal done before :) Thanks!

Joe Ziolkowski
Homestead Property Solutions
708-476-3290

]]> By: Stephani Davishttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-70097 Stephani Davis Fri, 11 Sep 2009 14:50:00 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-70097 Hi Joe,Glad you liked the article..Yes, I always tell the landlords/buyers that I am a wholesaler. Most of them know the drill so I usually don't have to explain much. I just tell them I've been getting some great deals in the area and am looking for more buyers.When I work with other wholesalers I get part of the profit if I find a buyer. I have 2 or 3 guys that I work with quite often and we are always partnering on deals. If you aren't licensed you need to be sure to have the properties under contract or option so you don't get in trouble for brokering without a license. If you're licensed, you can just get paid a commission on the HUD..HTH, Steph Hi Joe,

Glad you liked the article..

Yes, I always tell the landlords/buyers that I am a wholesaler. Most of them know the drill so I usually don’t have to explain much. I just tell them I’ve been getting some great deals in the area and am looking for more buyers.

When I work with other wholesalers I get part of the profit if I find a buyer. I have 2 or 3 guys that I work with quite often and we are always partnering on deals. If you aren’t licensed you need to be sure to have the properties under contract or option so you don’t get in trouble for brokering without a license. If you’re licensed, you can just get paid a commission on the HUD..

HTH,
Steph

]]> By: Joe Ziolkowskihttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-70081 Joe Ziolkowski Fri, 11 Sep 2009 06:52:46 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-70081 Steph, thanks so much for writing this. This is one of the best, most helpful articles I've read on this site so far (not that they aren't all great). I'm going to put these into practice tomorrow! Two questions though. 1)At any point in talking to the landords/renovators, do you mention that you're a wholesaler or explain the whole assigning rights/not selling the property thing? And 2) when you advertise for another wholesaler like that are you getting a piece of their action, or just helping them to help yourself? Thanks again, great stuff!Joe Ziolkowski Homestead Property Solutions 708-476-3290 Steph, thanks so much for writing this. This is one of the best, most helpful articles I’ve read on this site so far (not that they aren’t all great). I’m going to put these into practice tomorrow! Two questions though. 1)At any point in talking to the landords/renovators, do you mention that you’re a wholesaler or explain the whole assigning rights/not selling the property thing? And 2) when you advertise for another wholesaler like that are you getting a piece of their action, or just helping them to help yourself? Thanks again, great stuff!

Joe Ziolkowski
Homestead Property Solutions
708-476-3290

]]> By: Wholesale Real Estate Explained | Torrey Brothers . Mehttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-69708 Wholesale Real Estate Explained | Torrey Brothers . Me Wed, 09 Sep 2009 03:36:25 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-69708 [...] contact other investors with the basic information about the deal and offer to assign the contract for a [...] [...] contact other investors with the basic information about the deal and offer to assign the contract for a [...]

]]> By: Anthonyhttp://www.biggerpockets.com/renewsblog/2009/08/06/easy-ways-build-wholesale-buyers-list/#comment-68186 Anthony Fri, 28 Aug 2009 00:16:02 +0000 http://www.biggerpockets.com/renewsblog/?p=6236#comment-68186 Stephani,Learning about what works and what doesn't is a godsend. Thank you.Anthony Stephani,

Learning about what works and what doesn’t is a godsend. Thank you.

Anthony

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