All Forum Posts by: David Rundle

I enjoy the OKC REIA. I haven't been to the MP meeting due to time constraints. I work full time, have a 1 year old, and wholesale. I only have time to choose one meeting and that has been the OKC REIA. The networking I've done there has catapulted my business. As with everything, to each his own.

I'm a West Virginia University Graduate, but don't invest in WV... yet. Anywhere around Charleston would seem to be a good area to start. The last time I was in Parkersburg I saw a few bandit signs.

I have a 2BR 1BA, 900 SQ FT 2 story home under contract in the landlord highly-desired Original Square Mile of Midwest City, OK.

Bonus well-built Workshop, Bonus Basketball court, Bonus Carport

Price:$35k

Market Value: 56k

Rents: 700-800 range

Tenants: Property less than 3 minutes to Tinker AFB and less than 10 minutes to downtown Oklahoma City, working blue collar community.

Last one I did like this resulted in the tenants calling me everyday for a month. Fun. The best solution is to be honest with your end buyer and the tenants (especially if they have kids). Let them know to begin looking for alternative places to live.

Here's my joke for the day: If you include the money to cement it in :)

Honestly though it depends on the investor.

Your contract + repairs is almost at 74% value. Do you have enough wiggle room in there for your profit? I don't know your area, but I'd question how great of a deal this is.

That's a pretty great inbound call script. It's a little lengthy in my opinion though.

Have a burning desire for one goal in your life. Persistence wins. Set your goal and go for it. I promise you'll fail, especially at wholesaling because this is a fickle business. If you continue to attempt to reach your goal every time you fail you'll eventually wholesale that first deal.

Don't get caught into the urban legend that you can be successful at this job without a budget. At the very least, yellow letters cost the price of a stamp per letter multiplied by hundreds of letters each week/month.

@Account Closed

It sounds like you might benefit from finding an expert wholesaler in your area and offering to split the profits from this deal in return for using his contract.

As with anything in life, no risk no reward. You can either A) Go to a lawyer and seal up a contract ($$$) B) Offer to split the deal with an expert willing to share his contract ($$) or C) Take the risk, print off a contract from google and roll with that (no cost, larger risk, larger reward).

You're not going to find a clear-cut answer here, we're not lawyers and I'm not familiar with Illinois.

If you're asking what would I do? I'm a large risk taker and I like my money for myself.

Yup - Wholesaling is dead. Less competition for me :).

In reality, this business isn't dead and even though the barrier to entry is low, the actual expertise, salesmanship, marketing capability and human networking ability needed to complete a deal is not low.

This business is like a snowball, once it starts rolling it's damn near impossible to stop.

Them: I got your letter in the mail.

Me: Great - I want to buy your house tomorrow.

Them: Story about my life and why I need to sell my house and how I'm a motivated seller.

Me: Great - I want to buy your house tomorrow morning at 8am.

Them: <doesn't matter what they say>

Me: Great - I want to buy your house tomorrow at 8am. I'll meet you there.