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Updated about 10 years ago on . Most recent reply

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128
Posts
50
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JD Monroe
  • Investor
  • Panama City Beach, FL
50
Votes |
128
Posts

Got 2 Call backs, What Now?

JD Monroe
  • Investor
  • Panama City Beach, FL
Posted

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

Most Popular Reply

User Stats

116
Posts
56
Votes
Jeremy Ferguson
  • Chapel Hill, NC
56
Votes |
116
Posts
Jeremy Ferguson
  • Chapel Hill, NC
Replied

@JD Monroe you can find some good contracts on here in the Fileplace. There is one specifically for wholesaling so you can assign the contract.

You can just say to the seller that you or one of the investors you team up with, will purchase the property and if you want to point out that line in the contract.

Good luck!

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