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All Forum Posts by: Jason Cummins

Jason Cummins has started 13 posts and replied 398 times.

Post: Negotiating

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22
Originally posted by "msedwick":
If they end up declining your highest offer, then you can tell them that your offer will remain open for a period of time, and then let them think about it. They may call you back and accept.

Most definitely true. Sometimes they will figure out that they cannot get the price that they want. And will call you back.

Post: Just met with potential seller

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

I would say that between 80-90% of people who call you will be just like you described. They just want someone to buy their house, and they saw your ad that you buy houses any area any condition or whatever it said, and gave you a try. It's definitely a numbers game. Get ready to toss a ton of leads. Or you could actually sell those leads to a good real estate agent but that's another thread.

And yes you definitely need to screen the sellers on the phone before you go out to the house.

Post: Is this a Deal?

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

I agree with all these replies this is not a deal, toss it.

One more point

You say he is pretty motivated, but I would disagree just by what the guy is asking. $200k and its worth 185? Doesn't sound too motivated to me. He may really want to sell, but he isn't the type of motivated wholesalers are looking for.

Post: How to get access to MLS listing

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

You can access the MLS throuh some local agents websites

also check out realtor.com

you can look up properties yourself, then call the listing agent if you are interested in the property

Post: Blog or Site?

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

you can market your site through blogs, so both of them work pretty well

Post: how to talk to ALL potential sellers

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

Quite simply if they are truly motivated to sell, then they will want to sell it to you.

Post: Im 20 years old, should I buy a house or rent?

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

Also remember, rent is not throwing money away. It is paying for a place to live.

Post: is a FHA Home Loan the best option for the first house I buy

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

I believe that FHA loans are for owner occ only. Though I could be wrong on this.

Also, you might really want to change the thought process again, you would never want to spend 120% of the houses value, even to fix it up. The name of the game is finding properties way under value,even with the cash you need to rehab.

Post: Wholesaling out of state?

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

when it goes to closing if the signatures arent close to resembling they will know something is up and not close

basically you will need to trust them, there is no actual way you will know

Post: Any way to profit from it?

Jason CumminsPosted
  • Real Estate Investor
  • Katy, TX
  • Posts 430
  • Votes 22

If she is not willing to sell the house, how could anyone profit from this lead?

That, and what she would need to pay everything off would be way too much for people to offer anyways.

This one is a tosser. File 13.