All Forum Posts by: Adam Silvers

Everyone wants to have a good and reliable cash buyer when they need to wholesale a deal. Especially as an investor with other things to do. However, it can become rather difficult when many reliable buyers do not buy in their own name but rather their company's name for many reasons. In fact, I would say the vast majority of investors do so in this fashion. So when you are building your cash buyer's lists, how do you guys go about finding the corporate owners of properties? Personally, I search the business up on state records to find an agent/manager but this can become unreliable if the business is nationwide or large enough that the owner is not willing to look at deals and has a unsearchable employee to do it. 

After having many successful smaller lists in the 500-1000 lead range, I have begun expanding my lists to 2000-4000 for my VAs and after doing so, I got burned badly. Skip traced the list using Batch and the list yielded an abysmal contact ratio of 1%, a correct number ratio of 10% and basically left me out $1000. This was just a simple high-equity absentee list from multiple cities that I have done many times with a healthy contact ratio of 15-20%. Do you guys just bite the bullet and move on when this happens? Do you demand refunds? Or do you have a system in place to help mitigate the possibility of getting burned on some of these skiptraces? I just feel like it will be much more intimidating to proceed to large lists in the 5000-10000 lead range if this is constantly a possibility.

I'm wholesaling virtually from Georgia but this deal is in Louisiana. The property is certainly a fixer upper style property so I don't think there would be retail buyers even though there seems to be more than enough margin for a wholetail deal.

I am about to lock my property under contract with a seller who's father passed away and had a bunch of SFH properties. I got the property for a good price and I was telling him for a week that we would likely evict the tenant as we would do work to the property. She's been there for over 10 years and he said she doesn't even have a lease agreement she just pays him every month when he shows up. However, the day of me sending the contract when I mentioned if he could remove the tenant by COE, he freaked out about it and said we would have to proceed with that ourselves (basically the cash buyer would) after closing cause he says anything can go wrong before closing. I understand where he is coming from but do buyers typically have major issues with this? Is this such a strong market currently would they even care? What are your thoughts?