All Forum Posts by: Dan Koch

Is your county/city court system set up with online public access? I would find that out first. If they are you can look up any and all court cases. Find the cases you are looking for and then bounce that name off of the tax record to find out the mailing address of the homeowner.

Hope this helps!

Explain more if you can.

Who are your prospects?

How are you driving the traffic to the site?

Anything else you can ellaborate on?

Anybody have any success stories door knocking for wholesale deals in low end neighborhoods?

I have a problem keeping enough inventory for a buyer of mine and I was thinking about door knocking in these neighborhoods or having somebody do it for me.

I personally think that if you have blood, sweat, and tears in this deal and you know in your heart you can get it done then you have every right to file a notice of contract.

Sports teams use contracts and hold their players accountable, corporations enforce their contracts, and everyone else in the business World expects that when a contract is signed that it is fulfilled or else they go to arbitration or litigation.

***LET ME ASK YOU THIS***

if you were in contract with this homeowner, he was ready to sell, all your contingency dates have come and gone, no outs left in the contract, you have $1,000 earnest money on the table, and at the last second you can't close........do you think the homeowner would simply say "oh thats ok just take your earnest money and go" Ha, they would snatch it up in a second. Why??? Because you are in Contract and could not perform as the contract states!!!!

Do what you want, but if you have a lot of time and effort in this thing and the seller is simply trying to get out to shop for a higher offer, then I would hold him accountable for the contract he signed. Simple as that.

Through my City/County court house systems.

There are some good overlay products that you can certainly level with. My dad has been doing overlays for a long time, so I know the industry as well. The only bad thing is that if you overlay and build up that area, you will need to overlay everything or else you will have unmatched concrete.

If the pad is just sunk, then mudjacking will be the way to go.

If it is a dip in the middle of a pad then I would def overlay. Don't use any product that contains epoxy. A lot of companies put epoxy in outdoor overlay products and it just does not hold up. When moisture gets pulled through concrete as it breaths it will eventually cause the epoxy to fail (epoxy & moisture = oil & water).

Hope this helps. If you want to know more pm me and I can try to answer any questions.

File a "notice of contract" with the county/city recorder of deeds. Once you do this, it will protect your interest in the property.

After you have done this, then explain to the seller what you have done and try to work out from there.

Don't wave it in his face, but explain that you file "a notice of contract" on all of your purchase to protect your interest in the deals that you put so much time and effort into. Usually the seller will come around.

Why does it matter if the current owner finds out you made a profit??? If he thinks you're a Non-for profit or that you are simply out there working for free then that is his own problem.

You are helping him, by getting him cashed out and finding somebody that will purchase and then lease back to him. That is pretty good deal in my book for him.

I bet there are a ton of investors out there who would tell him "yes I'll lease it back to you" and then just wholesale it to some other investor who would have no intention of ever allowing the guy to do a lease option!!!

Your end buyer knows you are a wholesaler so that is fine. You say in your post that your plan is to assign the contract, so I am assuming you are planning on making 15k or less on the deal yourself.

If the seller of the house is just a hot lead and not a client of any other business you may have, then you will probably never buy a house from him again. Make your profit, do him a favor and line up an end buyer who is willing to do the lease option, and move on.

Wow, after reading some of these posts I feel like I'm not doing enough!!!

I just go with the flow of the conversation. If the seller asks me to throw a price I tell them $100 dollars and then share a laugh with them. 99% of the time you can talk them into throwing a # out there after that.

I was told a long time ago "if you aren't embarrassed by your offer then you are paying too much".

There have been plenty of times I have been embarrassed by my offer. When I was first starting out I could barely look somebody in the eye and tell them what I was willing to pay because my offers were so low.

However, it is a lot easier to go up than it is to go back down!!! I normally shoot 5-10k below what I am really willing to pay. I actually don't mind coming up because that way the seller feels like they are winning.

If the seller feels like they got "stepped on" in the deal then you can almost guarantee you won't be getting any referrals. Also, if you need an extension for any reason before close, you want them to be happy and on the same page as you. If they feel bad about the purchase price then this is the perfect time for them to not cooperate with you.

Guy had a little 2 bed 1 bath bungalow that he had inherited. It was funny, because the deal was negotiated on the spot and price agreed upon without any counters.........guess I should of went lower : )

He said shoot me an offer, 20k purchase and 35k sale and I was off and running!