All Forum Posts by: Jacob Michaels
Jacob Michaels has started 22 posts and replied 181 times.
Post: Getting a property under contract
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
Originally posted by @Marcus Rodriguez:
@Jacob michaels
Would it be of any trouble for you to send me they type of contract you use? Thanks in advance.
Email me
Post: New Member from Jacksonville, Florida
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
Welcome to BP. Sorry I couldn't make the meeting this time, although I wanted to.
FYI when you're tagging someone you need to use the @ symbol, start typing their name, and then click on their name when it pops up under the reply box. If you don't do that then they won't be alerted you're tagging them.
Alternatively, you could just click the Quote option like you did, and it will automatically tag them properly for you.
Post: Lender needed for Texas
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
Do you mind sharing which banks you are using now and their rates? It would help investors in the DFW area.
Post: Reformed Procrastinator Wholesaling like a Big Girl in the Dallas/Ft Worth Area
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
FYI if you want to tag someone's name here on BiggerPockets you need to use the @ symbol type the first 3-4letters if their name, and then click on their name pop-up below the posting box. Otherwise if you don't do that they won't be alerted to your post.
I'm a wholesaler in Dallas. I think your plan is good, just put it into action. I'd wait on doing the comps until after you start to hear back from people, not before.
Best of luck!
Post: How To Prevent Wholesale buyer or Hard Money Lender From "stealing" your Deal
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
If they are established investors in the market, I personally wouldn't be that concerned with them trying to "steal my deal". I'd be upfront with them in that I'm currently negotiating on it, and I want them to have the first shot at it. Also, let them know you're in the game for the long haul and look forward to this being the first of a long string of deals you'll bring them.
Serious investors won't steal your deals.
That being said, if you don't have a deal yet, they won't like it that you're wasting their time looking at a house that isn't even tied down yet. If I were you I might give them the basic details of the deal so they can do a quick preliminary, instead of having them spend their time visiting the property. That will also give you an idea of what price you need to be at. But use this strategy sparingly, because it's still using their time for something that may not happen.
In any case: do what you can do get the contract signed ASAP---you can't sell a deal you don't have.
Post: Craigslist ad looking for buyers and the reply i received back.
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
Originally posted by @Keith Belzner:
Hey @Jacob Michaels yes knowing that how people operate I am ahead of the game. I had to mess with them a bit, i doubt they even saw this:
Great. We have a few questions before we call you.
Is the house in good condition ?
I feel it is in pretty good shape.
Does it need any repairs ?
Other then its missing 3 walls and the roof I dont believe so.
How long have you been in the property ?
3
Why are you selling it ?
I need cash for my "operation"
I love the "3" and needing cash for your "operation" bit. Did they respond?
Post: Getting a property under contract
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
@Nick StangoGood luck! Let me know how things go
Post: 18 year old virtually invest from New Zealand.
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
How are things going so far?
Post: Craigslist ad looking for buyers and the reply i received back.
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
Originally posted by @Keith Belzner:
I posted an ad on craigslist looking for interested investors / cash buyers who are looking to purchase when i have properties available in the future. I did not say I had a property and then say oh sorry its sold but give me your info and ill get back to you. I was upfront that i am building my buyers database.
I got an email that asked if I still have the house for sale. I replied that as my ad stated, I have no house just looking for buyers for the future. here is the next email from this person. Obvious a wholesaler which is fine but the response is a "robo response" as i call it. I am looking at wholesaling and this type of person ,to me ,is the type that cause people to hate wholesalers.
Hilarious, Keith. This is your competition. Are you excited yet?
Post: Finding a Wholesale Brokerage Firm
- Investor
- DFW / Austin, TX
- Posts 188
- Votes 80
I'm a wholesaler in Dallas, PM me with what you're looking for. I've got several properties right now.