All Forum Posts by: Gary Parker

Brian P I appreciate your remarks and thanks for the laugh..."Now I suspect your not wonderful...". And by the way my dog thinks I'm wonderful all the time, my wife half of the time and you none of the time. HAHA. Send me a PM if you ever want a visitor.

Patrick Mcclellan the link is to a great blog post on this subject.

http://www.biggerpockets.com/renewsblog/2013/05/03/driving-for-dollars-bible-part-1/

Most REO's (Real estate Owned or bank owned properties) are listed via the MLS through agents. Lots of competition. You can research REO agents in your area and try and get listings from them before they hit the MLS. Hard to do but very possible.

Or, market to NOD (notice of default) or 30/60/90 day lates. There is lots of information on this site about all of the above. Try searching different words or phrases and see what you come up with.

Sorry forgot...Welcome to BP

If the house has been through probate most likely the probate process named a personal representative(s). If there is a PR(s) then that or those PR's can sign for the sale of the house. That still doesn't change the fact that with 7 siblings it can be real tough especially when they find out money is involved.

Michael Quarles Jerry Puckett Sharon Vornholt among many others are the experts in marketing and specifically direct mail marketing.

Brian L. the script from Mr. Puckett is great and made me laugh. I to, quite by accident, have began a relationship with a very successful full time wholesaler. I have ended up giving up some of the profit on some deals I have wholesaled via my wholesaler friend rather than rehabbed myself; but in my case, it has opened up many doors of opportunity. I have made more money working with him vs without him. I am not exclusive to him, rather we work together when it is mutually beneficial. I think you are very fortunate to have found your relationship with a mentor. I also bet the only reason he wants money up front is to push the not so serious out of the way.

If I am understanding you correctly Terry H. there probably is no "fee" paid to the broker to sign on, but each broker is different and each state is different. In my state I pay MLS fees, local association fees which include NAR fees (I have to pay the NAR fees) and my broker split. Call a couple of national brokers and a few local guys and get a feel for what they can do for you.

I am assuming it is different by County but assuming $300 to $500.

Nick Saucier some Counties allow the heir(s) to file their own probate forms for only the filing fee.

Besides the fees you mentioned there are fees to access the MLS and usually association dues that vary from area to area. Brokers also charge different commission splits. Some brokers (typically national brands) are very structured and you will man phones a lot when starting out. They will usually have large training programs available. Some brokers are minimal cost with no training or structure but usually much lower commission splits. You might want to sit in on some of the national brand training if they will let you and also research how to market yourself. Then decide the best path for you.