All Forum Posts by: Paul Amegatcher

@Paul Amegatcher 

I used listsource and narrowed it down to what I wanted. But some of the properties on the list would sometimes be recently sold within 30 days at prices that leave no room to make a profit. 

If not sold, it may have a current loan amount left on it that leaves no equity as well. (I have my own systems to check for that)

@Rashard Alomari 1 deal out of 1500-2000 seems pretty terrible in my opinion. I'm just doing things how my mentor has showed me for now. Out of the 147 I have sent out so far with about 15 to come back, I have gotten 4 calls so far. 2 of em I am following up with today because they want to think things over, 1 was something I couldn't do anything with and the other guy was just curious to know how people were getting his address to send stuff to. He didn't want to sell his home but he decided to reach out just let me know he could help me out with my investing endeavors when it comes to rehab & flips and buy & hold as he is a contractor.

I have 200 bandit signs to put out as well.

Paul Amegatcher

What do you mean by throwing away leads? I don't think I'm throwing away leads. I really feel more like I'm not wasting the money to send to a lead I can't make a profit from especially if it's something that recently sold for a price close to market value.

I'm just looking for a target that's harder to get leads on.

With the way I'm mailing, every call is a property with equity, it's just a matter of getting an actual motivated seller on the phone

Hey What's up BP!

I just started my investing endeavors here in Memphis and decided to start with wholesaling to build up capital to start on my own projects such as fix & flips & also to build a rental portfolio. I have been a licensed Agent for the last 3 1/2 years now. 

But anyways, let me get straight to it. I know sending mail to absentee owners is the most "typical" but obviously everyone is doing that. I don't send out hundreds or thousands of mailers a month. What I do is get my list and I literally do my due diligence on every address to determine if it had been sold recently, wholesaled, and check for equity. I have some software that shows me the last time they refinanced and how much the loan was for, etc.

So far I have sent out 149 letters and have gotten 4 calls so far after a month or so in. 

I send out 25 letters a week at the moment until my budget allows for a higher quantity($1 a letter), over 10 have returned so far. I know mine are standing out and getting noticed but I want to target something other than absentee owners. Everyone is flooding them. 

Are there any tips or trick on getting leads on probates, preforeclosures, or any other category that's harder to target?

Hello BP, I have gotten my seller to sign the Purchase Agreement and I also have had my cash buyer sign the assignment of contract and submit me $500 non refundable EMD. There are alot of things that I am confused about 1. When your Cash buyer signs the assignment of contract do you make a separate Purchase Agreement with them? 2. When a buyer gives you non refundable EMD and the title on the property comes back dirty and the deal cant be done or the seller backs out who pays for that title search me or the End buyer?

hello everybody . I've been doing all of research on finding leads and I'm proud to say I've gotten pretty far . But I am stuck with finding a purchase and sale agreement contract for wholesaling . I've looked on google images and found many but not too sure on which one is the right one for me in the state of California . Other then Google does anybody have any other suggestions on where to find the right one . 

@Paul Amegatcher Thanks for the response Paul. I am just having a hard time finding a good purchase contract to bring to the seller. Do you have any recommendations of online contract templates or where I could find a sturdy two page purchase contract? And from my understanding I need to staple an assignment of contract document to the purchase agreement contract and the seller is to be aware of x amount of money I am making selling their home, correct?? Once again thanks for the help any and advice needed to help get this deal under contract ASAP! 

Hello Everybody! I am fairly new to wholesaling but have done tremendous amounts of research and understand the basics fairly well. I have tried different approaches for wholesaling and right now my latest approach is looking for vacant properties in my city. My only question is when I do get a "yes, we would love to sell that house," response from the owner(s) what do I do next to get the property under contract? Do I just use a simple one to two page contract?? Is that enough info to make the deal solid and avoid litigation? And would the owners of the home be the party that pays for a title check or should I pay for it myself to make the deal even more appealing?? Just some simple answers and added advice on the subject would be much appreciated!