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All Forum Posts by: Braden C.

Braden C. has started 9 posts and replied 565 times.

Post: The Buyers List.........

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358
Originally posted by Michael Quarles:
Buyers are so easy to find I would spend my energy on finding deals. Certainly it's important to understand what buyers are looking for however spend time getting the deal under contract.

A good deal finds a buyer.

100% correct, Michael Quarles couldn't be more right. I've had some of my best hits in areas that I have zero buyers in. If you bring a deal, the buyers will come.

If I hadn't proved this myself then I would be skeptical but trust me when I tell you, it's about the deal, not the buyer.

I was having a conversation with my title company today who said that my buyer on a property was being a pain, I told her that I would take him off my list. Why? Because I know that I had 10 other buyers behind him that would have bought the property. There is nothing wrong with doing your due diligence but once you become a problem then you've got to go.

Your a good wholesaler once your buyers need you more than you need them.

Post: I want to wholesale. What should I NOT do?

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358
Originally posted by Wayne Woodson:
Originally posted by Braden C.:
I love this site, but every single day there are posts from "wholesalers" who have made a mountain out of a mole hill. If these small hurdles are going to hold them back then imagine what real mountains will do to them...

I shed a tear when I read this.

Haha, why?

Post: Flip2Freedom

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

Based on the number of emails I get and the subjects of the emails, I would never use his services. I am not saying he is lying but he makes some EXTREME claims about his students. Again, I've never used his services, and I never would.

Post: Wholesaling as a Realtor

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

You're asking this questions because you already know the answer. Don't screw your buyer, just take the commission. Next time find the deal and bring it to your buyers.

Post: Buying from online auction site HUBZU

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

I am supposed to be closing on a lot today through Huzbu, it's 4:15pm and I still don't have any paperwork... They're by far the absolute worst company I have ever dealt with.

The advantage to that is a lot of investors I know won't make offers on properties that are through huzbu.

The lot I am buying was listed for $10k and I offered $1,500. They rejected it immediately then came back about a month later and wanted to know if I would still buy it for $1,500. Since it has a $1,250 commission I just couldn't pass it up.

Post: Wholesale contract explanations

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

Everything Jon Holdman said is correct. If you can't perform by closing yourself then you need to be upfront from the beginning about what your intentions are. You will quickly get a bad name around town for not performing.

My entire business model is based around wholesaling but I will never sign a contract unless I can close on the property myself. This makes me stronger in my negotiations and therefor more confident in my dealings. If I won't close on the property myself with my own money then I won't do the deal.

Now, I don't have a million dollars in cash so if someone came to me with a two million dollar property and they only wanted one million dollars I certainly wouldn't turn them down, that just hasn't happened...yet. Even still, I would tell them my intentions.

Post: I want to wholesale. What should I NOT do?

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

Sam Harrington Let me preface this post with the fact that I wholesale several deals a month, so I know what I am doing when it comes to wholesaling.

About 6-8 months ago I really wanted to start some kind of coaching program to help new wholesalers get started. There is obviously a great deal of interest in wholesaling and it seems that there is a great need for proper instruction on how to get started. The "guru" programs are horrible and completely unrealistic, in my opinion. I spoke with several people, and I turned down several people. I didn't want to take their money. I knew they didn't have it in them to be successful in this area of business. It wasn't that they weren't hungry, willing, or eager, it was simply that they didn't have what it took.

I know my limitations in life. I know that even if I wanted to be a doctor, I probably couldn't do it. Same thing with being a professional athlete, I would love to play in the NFL but I've accepted that it will never happen. I know that I can only take my company so far and that there is someone out there who I can hire who will take it further than I can.

My point is this, if your abilities enable you to be successful in wholesaling, fixing-and-flipping, note buying, land lording, real estate agent, ect. then you will be able to do these things. I love this site, but every single day there are posts from "wholesalers" who have made a mountain out of a mole hill. If these small hurdles are going to hold them back then imagine what real mountains will do to them...

Your job as a wholesaler is to bring your end buyer a great deal. You also owe an ethical obligation to give a fair price to your seller. Your ability to do both of these things will make you successful or unsuccessful. Everything else is just fluff.

I am happy to give you any advice or guidance that you need.

Post: buyers list

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

Easy, get a great deal to wholesale and they will come to you! I've always said and will continue to say until the day I die, "if it's a good enough deal, someone will buy it."

Post: Is this a GREAT deal or HUGE headache??

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

Do you personally have the ability to close on it or is your only option to wholesale it?

Your buyers are going to want a discount for having to deal with her, and rightfully so. I think you will make a lot more profit if you can close on it yourself, get her out, and then sell it.

As for the legality and ownership rights, I can't say without seeing the QC deed. It should be an easy question for a RE attorney.

One last thing, if it was easy then everyone would do it. It sounds like it could be a great deal for you but it also sounds like you will earn every bit of that paycheck. Don't let a small hurdle turn into a big mountain.

Post: Price Per Mail Piece - Direct Mail

Braden C.Posted
  • Real Estate Investor
  • Florida
  • Posts 586
  • Votes 358

I pay $0.25 for the handwritten envelope and handwritten letter plus the cost of bulk postage which just went up.