Updated almost 4 years ago on . Most recent reply
Newbies looking for help with wholesaling
Hello! My friend and I believe we have found an excellent property for a wholesale. It is a very large, abandoned property, located across from a river on a main road. It has been in the same condition for 10+ years. After some research, we have found the phone number of a family member of the owner of the property, who has recently passed. We are looking further to find the current owner of the property.
Neither of us have any wholesale experience, nor have ever been in a real estate transaction. My friend and I are looking for any guidance regarding the approach we should take when contacting the owner; i.e., what questions to ask them, what information to disclose about ourselves
Furthermore, should we have a real estate attorney in case the owners are interested in selling?
Thank you so much in advance!
Most Popular Reply
Call em!!! What could it hurt? Worst case they say "not interested." Click. So what!?! You know how many people hang up the phone on me on a daily basis? Me neither, but its quite a few. That's part of any contact sport. I'd also recommend when trying to contact the owner you do so after gaining a pretty solid feel for what the home is worth or what an investor in your area would pay for it. This way if they are interested in selling, you're actually able to have an intelligent conversation about what that would look like for them.