All Forum Posts by: Andrew Stevenson

im noticing that already

I have subscribed to a service that gives me access to a lot of wholesale deal listed in a private marketplace. I would like to offer some of these properties to my buyers list. What advice would you have for me on this? Anything you can think of would help! Here are some questions I have thought of.

When contacting the seller, what should I say to them, how do I work out an arrangement to get paid for referring the buyer to them?

How much should my referral or bird dog fee be?

How can I ensure I get paid?

How generally should I go about this?

I'm in.

Zillow now says it is worth 119,000

I have listed all the details I have on a wholesale deal I am working on that is in the country 72 miles east of Tulsa, Oklahoma. Please let me know if this looks like a deal, if I should go ahead and pay the money to get a BPO, and if you have access to the MLS and can help me with some comps that would be great.

Owner thinks the comps
would be 120-125K

Zillow says it is worth
116,000K

I don't have MLS Access
so if anyone on here has it and can help let me know

House is not updated
and needs some repairs: listed below

4 bed 2 and a half bath

1800 sq ft total
including sunroom and loft overlooking valley (has great view)

Wood siding

Built in 1983

No tenants

owners are occupying

They own it as a land
contract that

Owe 28,000

Trying to get as much
as possible but understands he will probably 60-70%

Wants 75,000 but willing
to negotiate

Looking to sell as
quickly as possible

Don’t want to give it
away

75,000 sounds like a
low fair offer to owner

He says the view sells
it

Owner thinks it would
sell on open market but need to sell now

Will list it with
realtor if they absolutely have to

Will stay in house if
necessary

Asphalt roof new
within 2 years soon

Garage has older roof
but the roof does not leak

No offers yet and have
not talked to anyone else

Repairs/updates needed:

Finish painting trim on outside of property and garage.

New garage door and replace two window panes in garage

new roof on garage if wanting to replace (but it does not leak right now)

Finish staining and painting deck rails

new medal door for storm shelter

finish wood siding in sun room

new counter tops (current ones are not granite, but are in very good condition

appliances all work but are not new

I have searched the forums but am having trouble finding information on the best strategies to use a website and online marketing in order to find motivated sellers.

A friend of mine on facebook gave me this lead.

I was watching this foreclosure house when my daughter was looking for a home. It sat for 3 years waiting for foreclosure. I located the owner and tried to do a short sale but the lender wouldn't budge. The house is 1500 sq ft with 3 bed 1 3/4 bath. The house is in great shape with NO structural issues. It's located on a great street in a good neighborhood. If you're interested I'd like you to contact my realtor, she's really easy and good to work with. The house is listed at $78k but if I were to put in an offer I would start at $60k. I really think you can get the house for $70k or less. The house has dropped $20k since originally listed cause the Bank really needs to get rid of the property! Also, the average price for a home in this area is over $100k.

Can you please tell me what I am looking at here.

I need advice on how much of a share of the profits I should offer to someone who is funding marketing for my business.

I am seeking someone who will fund me since I have all kinds of time but don't have money for marketing. I would be doing all the work. So what would be a fair percentage of profits that I should give this silent partner?

Hi Jon. This is theororretical. And yes i will.

The wholeseller