All Forum Posts by: Alex Locklear

If I were to come across a deal that did not quite have the equity needed for most wholesales, can it still be a deal? Is this something that could be "retailed"?

Also, has anyone tried using the temporary seller finance program? I heard this might be a good alternative to deals not quite having enough equity.

Thanks in Advance

Thought about doing that, I just don't want this to have an opposite effect and have too many people mad at me. I know I wouldn't be terribly thrilled to see stickers placed everywhere around my town.

I think I will try doing that at a few stations, just not at too many! Thanks for the suggestion.

Has anyone used stickers as part of their marketing? I've been thinking about having stickers printed out that contained my website/number on them and place them in various locations?

Where would be a good spot to place these? Bad spots?

Thanks

Do short sales have to have the standard 30% discount in order to be a deal?

Thanks in advance!

How many use buyer's agents to bring them deals? Do you ever use both a buyer's agent to find a deal and a seller's agent to locate an end buyer?

I know this would eat at profit, but just seems like a lot less work to go out there and find every deal; not saying it will replace marketing/looking for your own deals, but seems like a great alternative route.

Thanks in advance for any personal experiences!

I don't have much money at all to even do any paid marketing to locate properties at 70 cents on the dollar. What's a cheap but somewhat effective method to finding properties?

The whole point is I don't have any cash. I'm trying to do something like this without any money or credit. Can I do the LLC thing without using my money?

Something else I've thought of doing is this:

1) Locate someone willing to do owner financing
2) Put home under option
3) Find an end buyer and set them up with seller
4) Turn in both contracts to title company with a lien invoice

What are your thoughts on this?

So I've read and learned a lot about this program. My question is this:

Do the note buying companies only take 15% generally as advertised?? Or are they taking more in these times?

Thanks guys

I currently have a house under an option contract for 212K and trying to sell to an end buyer for 220K. I want to make this easy as possible and am trying to avoid assigning, double close, etc.

I've heard one can "release" their interest in a property by having the seller sign a promissory note to pay me the difference between the two contracts; I've also hear of getting paid as a lien holder?

Can someone please explain this process/ the steps involved?

Thanks in advance!!

Thanks so much Bryan.