Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
David Messam
0
Votes |
8
Posts

Answering sellers question of who I work for/buisness.

David Messam
Posted

I live in nyc and I am a new investor/wholesaler with not much capital.

My question is how do I answer sellers when they ask me information on my business, llc, website, history, etc when I have none of those mentioned?

I dont want to come off as a rookie that is not legit. I intend on telling sellers that I do have a team and it is possible that I may assign the contract we make to another investor.

I have an attorney I will be using and a few potential cash buyers, but no reputable buisness to refer them to.

Most Popular Reply

User Stats

4,039
Posts
2,377
Votes
Steve Morris
  • Real Estate Broker
  • Portland, OR
2,377
Votes |
4,039
Posts
Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

"My question is how do I answer sellers when they ask me information"  

"be forthcoming and honest about it, that in itself will go a long way."  Great idea:

1) Tell them you don't plan on putting any escrow money in

2) Tell them you'll probably offer them <20% of FMV

3) Tell them you'll sell it to someone they don't know for a lot more that they won't see and you'll keep the difference

4) Tell them you don't have a real estate license

5) Tell them you can just walk at any time, so your sales agreement is not a guarantee of anything.

6) Tell them you won't do a fair CMA and you don't want them talking to anyone that knows what their house is worth

You'll feel better and can actually look them in the eye

Loading replies...