All Forum Posts by: Brian Truman

Hi @Joel Ness, 

I'm not down in TX, but wanted to welcome you! You have made a great decision! I wish you much knowledge and success! Cheers. 

Hi @Will Schryver, 

As a wholesaler, I recommend asking for some references with investors/buyers that have worked with them. I keep a running list of all the properties that I have wholesaled, and I will often send that list to potential buyers and sellers. I also have asked a few of my clients to allow me to share their contact info with other potential buyers. But most of the time they all know each other, and compare notes anyway. 

@George G., got it. Ok, are you a licensed broker? If so, there are possible repercussions if you have a membership with the local Multiple. That's the way it is here in WA state. You need to honor the fellow members of the Multiple, and keep trying to contact them. If you are not....Its a free country, brother... I'd send the offer directly to the owner. I do that a lot here.

If you have the number of the seller, which is usually on the listing, I'd call them also to see if they cant get hold of the broker. 

Hi @Austin Walters, 

I have been licensed for a total of 5 years, and have been wholesaling for 3 of those. Granted, I am in Washington State, and it sounds like we have some different laws regarding the practice. What I would do is talk to a real estate attorney that comes highly recommended, and pay them for an hour of their time to ask those tough questions. 

I can tell you from my experience doing both, I haven't had any bad repercussions (YET!). But you do need to put contingencies into your PSA docs to get you out of deals that do not fit your buying criteria. I write my deals up in my LLC with and/or assigns. I put a earnest money promissory note (an MLS form) in my PSA's, so there is no deposit until AFTER the inspection is approved. If you are doing a direct mail program, I would make sure you have permission from your managing/designated broker that you can do that, and keep it on file. Here in WA state, we put in our letters for the seller to forward the letter to their broker if the property is listed already, since that happens from time to time....

Hope that helps! But for sure, have a real estate attorney spell out what you legally can and cannot do...! Its worth the $$$. Cheers!

Hi @George G., 

That is a super frustrating situation! This is what I do when I don't get a response from a broker/agent. I would contact the managing/designated broker and ask if the unresponsive broker still works there, and when they ask you why you are asking, you let them know that you have sent an offer to them and have not heard back from them.... A call from their managing broker will usually get you a call back fairly soon. Cheers, and Happy hunting!

@Nathan Gonzalez, with the holiday tomorrow, I'll be passing on tonight's meet up, too...

Hi @Nathan Gonzalez, 

I believe we met at the meet up that Dima and Tatianna hosted a few days ago. Good to see you on here! This is where to meet and learn about what you are wanting to do. Cheers, and see you around!

BT

Hi @Andrew Lancaster, 

Welcome! Please feel free to ask ANY questions! I wish you the best. Cheers!

Hi @Richard Scholl, 

I would recommend going to a local BP meet up or join your local RE investment club/association. Just meet as many folks as you can, and start networking. Hope that is helpful! Cheers. 

Brian Truman 

Hi @Joshua Giddings, 

That is great! Are you looking for some advice in getting started?