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Updated about 8 years ago on . Most recent reply

User Stats

73
Posts
9
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Jose Falconett
  • Real Estate Agent
  • Colorado Springs
9
Votes |
73
Posts

Mitigating Motivated seller issues

Jose Falconett
  • Real Estate Agent
  • Colorado Springs
Posted

Hey guys, I am a bit nervous to begin marketing for this main reason. 

For wholesaling purposes I am unsure of how to mitigate a distressed motivated seller's varied issues that may arise out of leads, and I don't want to throw them away if they are in fact good leads. 

From the top of my head issues they may have could be divorce, liens, second mortgages, back taxes, other entities claim of interest in the property, and a sellers unknown amount of equity/loan/interest/taxes owed on the property. I need to have an understanding as to how to handle these situations before I sound like I don't know how to talk to these people.

any advice?

Most Popular Reply

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2,261
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1,801
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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
1,801
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2,261
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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
Replied

Hi @Jose Falconett. I'm with @Shaun Pruett: Just start marketing!

That said, you should also now connect with other more experienced local wholesalers who do know how to handle all the situations you don't. Then, simply refer these sellers to your hometown "greybeards" and collect a referral fee if the deal goes through.

There you go: No serious seller left behind!

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