All Forum Posts by: David Johnson

Have you tried pulling cash transactions and skip tracing the buyers or LLC? You can also find a local LO in the Hard Money space that can pair deals with their financing. Good Luck!

That's a great idea. I've been calling sold flips in the area and am trying to get buyer info from agents but I'd be better off doing what you said. Thank you for your help!

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Austin, Texas

Quote from @Taylor Dasch:

Do you ever get anything up north? I am looking at deals in Temple, Belton, Killeen and Waco.

Yes sir, I occasionally get things up there. What is a good email for you? I can send you what I get up there.

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Austin, Texas

Hello, I'm a wholesaler who lives in Austin, TX and I come across a lot of off-market properties in the area but need to build up my buyers list. If you're an end-buyer or a JV partner, I'd love to connect and discuss how we can work together. Thank you in advance!

1 Vote

Austin, Texas

I have been working with a realtor who has had a deal on the MLS for a close to 100 days so I decided to do a walk through with her and I submitted and offer that she presented to her seller and it looks like he's going to take it.

What do I need to do get the property under an assignable contract since it's on the MLS? Thanks!

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Originally posted by @Greg Dickerson:

Originally posted by @David Johnson:

What are your thoughts on cold calling on weekends? Is it frowned upon (that would be my guess) or is it a good strategy?

Saturday’s are good. Your more likely to get people on the phone. Sunday’s off limits.

Awesome! Thanks for the info.

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What are your thoughts on cold calling on weekends? Is it frowned upon (that would be my guess) or is it a good strategy?

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There are lots of distressed properties that I see that are under a family corporation or trust? Can wholesaling be done when dealing with these entities or is it better to deal with individuals? Thank you in advance!

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@Jay Hinrichs thanks for all the info! I think that I definitely need to do a lot more research before I dive into the world of land deals.

I’m glad you mentioned builders being the buyers because I was thinking the same thing where I look up small builders in my area, then talk to them.

Thanks again and Merry Christmas!

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Originally posted by @Jay Hinrichs:

Originally posted by @David Johnson:

@Joel S. I just want to make sure I have a legitimate investor before I talk to a particular seller since it would be a land deal and this investor supposedly specializes in that.

Ok this changes things 99% of the responses figure you were just trying to wholesale a house .. land is a whole nother animal.

and if its development ground your buyers are going to be far more sophisticated than you are in how to go about utilizing said land.

Unless of course your just talking about a single lot for building a home on.. Since I am a land buyer I do accept newbie wholesalers sending me stuff .. but its just to get an address.. they offer nothing else of value other than the contact.. and its rare I would buy from a wholesaler simply because they have no clue as to whats involved with land use and development and they just waste all their time chasing a unicorn deal that has no chance of going anywhere.. land owners with for real development ground most of the time are going to flush out someone with no capacity and no knowledge of how to push these deals through entitlements..

There are companies that specialize in this of course they are either licensed or they take title before marketing them.. a developer will go around you in a heart beat.. if you don't have the money to close..

last year I bought a 5.5 million dollar piece of dirt from a middle man.. but he spent two years and a lot of money getting the project through master plan environmental etc.. I paid him 125k for the assignment.. and reimbursed him another 100k for entitlement work.. but its a 50 million dollar deal at build out.. so there was value.. keep that in mind if your going for bigger land deals.

I figured that land would land would be a whole different animal. The deals that I have lined up are all residential so I'm sure that makes things easier since the lots range from about $62,000 - 150,000.

It just seems like land owners of SF lots seem to be more motivated than home owners but I could be wrong.

Congrats on that $50 million land deal! Was that in Vegas or Oregon?

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@Syed H. that’s true! Thank you for pointing that out. I’ll be cognizant if that when I talk to buyers.

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All Forum Posts by: David Johnson

David Johnson has started 7 posts and replied 30 times.

Post: Looking for Wholesale Friendly Buyers in Austin, TX

Post: Looking for Wholesale Friendly Buyers in Austin, TX

Post: Looking for Wholesale Friendly Buyers in Austin, TX

Post: Wholesaling a Deal on The MLS

Post: Cold Calling on Weekends?

Post: Cold Calling on Weekends?

Post: Wholesaling Corporate or Trust Properties?

Post: How do I verify buyers for wholesaling?

Post: How do I verify buyers for wholesaling?

Post: How do I verify buyers for wholesaling?