All Forum Posts by: Greg Larson

Sign the agreement ASAP. Don't bring them their goods before you have a deal. Then (other than being a good human) they have no incentive to actually include you. The JV Agreement should just specifically lay out when your interest kicks in, i.e. when you bring the buyer or do whatever they need you to to get your percentage of the deal.

Thanks for your response Jessica.

Just so I understand you perfectly... we sign the JV agreement right away, before I actually go through with contacting any of my potential buyers?

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If I'm doing a joint venture agreement with another wholesaler (I'm bringing the buyer), what do I need to send to the title company to make sure I'm included in the deal?

Thanks in advance for any help!

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I also am searching for info on this. I'm in Illinois.

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Originally posted by @Jordan H.:

@Gregory Larson

What location are you interested in?

Many times the city will have a portal where you can search for code violations. other times they keep a nice list on their open data portal and you can export a csv with all the relavent info.

Be sure not to talk to the county for code violations they rarely keep this data at the county level. Its almost always kept at the city level.

You can always try an open records request as well.

I'm in the Chicago market, so there are many municipalities around me such as Franklin Park, Schiller Park, Maywood, Bellwood, Oak Park, etc..

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Hey everyone, I've recently been approached for my first JV deal. In this case, I would be helping bring a buyer to another wholesalers contract.

My question is:

When do we sign the JV agreement? Before or After I send the deal out to my buyers list?

At this moment, I'm not sure if my buyers would be interested but I do have some active contacts in this particular area.

Thanks in advance for any advice!

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Have you guys ever gone to your local municipalities and asked for a list of properties with code violations? I recently went to several of my local offices and requested "A list of all residential properties with open, unpaid, or current code violations"

One of the responses I received was.. "Unfortunately, we do not organize our property files in a manner where we can provide the list you requested. The time and resources required to create such a list would be thus be considered an unduly burdensome request."

I'm trying to figure out if there is a better way I should ask for this information, or if this particular municipality is an anomaly.

Thanks in advance for any input!

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Originally posted by @Lydia R.:

@Gregory Larson Best suggestion I can give you is to practice on REAL sellers. Call FSBOs on Zillow and FSBO.com and practice talking to sellers, asking questions, building rapport etc. Ask them what is the lowest they would take for the property if you paid cash and closed in 2 weeks. Practice negotiation. Practice offering terms. The worst thing that could happen is someone actually agrees to sell for less. IMO thats the best way to get experience talking to sellers. Just my 2 cents

Thank you for your advice Lydia! I have been making 30-50 cold calls per day (9 a.m. - Noon) and have been making adjustments and revising my "scripts" accordingly.

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@Andy Rumple hey I'm sure french maids need to sell their houses as well lol

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@Lou Gonzales wholesaler to seller conversations is what I'd like to practice. Let me know if you'd like to hop on the phone! I'm available later today or tomorrow

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I'm a new wholesaler out of Chicago and I want to make sure I'm making the most out of each seller interactipn.

Who would be interested in role play phone practice?

Let's make it happen and help each other become PERFECT on the phone when talking with sellers

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All Forum Posts by: Greg Larson

Greg Larson has started 44 posts and replied 113 times.

Post: JV process - when do we sign the agreement?

Post: Sending JV info to title company

Post: Joint Venture Wholesaling - Affidavit of equitable rights

Post: Code Violation Lists

Post: JV process - when do we sign the agreement?

Post: Code Violation Lists

Post: Roleplay calls - Who wants to practice?!

Post: Roleplay calls - Who wants to practice?!

Post: Roleplay calls - Who wants to practice?!

Post: Roleplay calls - Who wants to practice?!