All Forum Posts by: Adam Hofmann

**If this needs to be in the wholesale section, feel free to move it!

So far I've come across tons of great articles on both of these topics. I just wanted to put together a scenario and run it by you guys to see if I have things right...

1. Find an owner facing foreclosure, hit them with my great USP

2. Owner agrees to a short sale with me

3. Run my numbers, use them to put a package together for the lender

4. Submit package via knowledgeable REA

5. Shop the deal to my buyers

6. Lender approves the SSpackage and I find a buyer

Now this is where I need the most help - what comes next?

7. My buyer/investor goes to pay off the agreed upon amount, title company cuts a check to me for my "fee" and to the agent for theirs.

Is that right?

Can I get away with one agent? What other fees are sitting there at closing? Can you do this simultaneously like a normal wholesale transaction?

Thanks in advance!

@John_Cummings sounds like a plan!

@Sarah_Lam I'm actually over in Berkeley, but am in the city a bunch. I'll keep an eye out for the next meetup

@Karen_Margrave I sure hope so! Focus in the beginning is Alameda County, will gather initial response data and further focus if needed.

@winsoneater thanks dude!

This community is seriously awesome. I belong to a few other communities for my hobbies (cars, photography), but this one by far is the most responsive. Thanks for all the warm welcomes, feel free to add me as a colleague and send over a message. Happy to help if I can. This week I purchased my first list, ordered my envelopes, got my letters printed and am waiting to get them sent out. It's all about taking action right?! Have to hit my goal of closing my first deal in less than 30 days.

@Xing Zhu I'll take that as a compliment :P My goal is to not be "another wholesaler". If you can't provide any value to your community and yourself, why bother? Have a great night!

@David T. thanks!

Hi BP,

Pretty pumped to be making this post. I've been reading for about a week now and listening for a bit longer. I'm currently focusing in on wholesaling as I believe I have an unfair advantage going into it!

My background is with high-growth technology companies doing online and direct marketing. Google, Facebook, phone, mailers, etc. I've done them all and somewhat successfully. In less than 4 months my team signed up 40,000+ small businesses for our company. I love rapid iteration, learning and experimenting. It's all part of the business. I want to take that experience and apply it to the real estate investing world to help find rehabbers and other investors some really fantastic additions to their portfolios. If you're interested in connecting with me, shoot me a message or let's get coffee!

Talk soon,

Adam Hofmann