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Updated almost 6 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Mike Lofton
  • Rental Property Investor
  • Houston, TX
3
Votes |
8
Posts

Virtual Wholesale | Finding Good Contractors & Property Managers

Mike Lofton
  • Rental Property Investor
  • Houston, TX
Posted

Hi Everyone, 

I'm in the process of my first virtual wholesale deal (the others have been in-state transactions), so I'm looking for advice on how to find good contractors, title companies, transactional lenders and property managers. Here are some quick details: 

- The property (duplex) is located in Lake Charles, LA (1-mile away from McNese State University); I live in Houston, TX and my potential end-buyer lives in Los Angeles, CA.  

- The deal has multiple exit strategies available: BRRRR, buy & hold and "wholetail" just to name a few.

- My potential end-buyer is new to out-of-state investing, so they need help with finding a credible contractor and property management company to secure the investment. 

- I have a great title company locally in Houston, but they do not perform closings in Louisiana - huge bummer... they're amazing!

My questions: 

1. How do I find an "investor-friendly" title company (or attorney) to close this deal? Preferably one that is familiar with double-closings.

2. Do you have suggestions on finding a reasonable/responsive general contractor for out-of-state investors? Even better - do you know anyone in (or near) Lake Charles, LA? 

3. Same question as #2, but in regards to property management companies. 

4. If I need to purchase the property myself (which I'm comfortable doing given the potential ROI), do you have suggestions on good private/hard-money lenders willing to fund the deal?

Any advice will be greatly appreciated. Thanks!

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