All Forum Posts by: Jevon Cecil

Hey Mike, I would check out some of the options/price that the full service companies like click 2 mail dot com offer then compare to what it would cost you per piece to do it yourself (P.S. Don't foget to factor YOUR time into the equation.)

Besides the tax benefits, if operated properly, an LLC or corporation will provide asset protection for your personal assets. Just my opinion and I'm not an attorney 😀.

Looking to get some input on what strategy a wholesaler uses in order to close with their preferred title company?

In FL it is customary that whoever pays for the owner's title insurance gets to select the TC, and it is also customary that the seller pays that fee.

I would assume one may just select their preferred title company on the purchase agreement with the seller and negotiate with the seller if the issue arises?

Thanks for your input.

JC

I know this is an older thread but I am interested in how one would overcome the seller objection to using the wholesaler's title company too. What happens if the seller simply will not give in and use the title company you prefer?

@Treighvon Burton My suggestion is to keep that 9-5 while you build the capital you need via wholesale in order to buy the properties you intend to hold for cash flow. I feel you though.

On the same token, don't get sucked in by analysis paralysis :). Acting on a mediocre plan is better than not acting on the world's best plan. It is inevitable that you will make some mistakes along the way, just be educated enough and monitor your risk to minimize the impact of those mistakes.

Hi,

I am a mortgage banking professional with 13 years of experience, primarily in mortgage banking support services with a major financial institution. Prior to working in a major financial institution I operated a small company that performed loan closings for large national title companies (2004-2010). Unfortunately the sub-prime boom that got me started with my own company was also its demise starting in 2008 when my clients starting going out of business left and right.

So, as I stated above, I have worked for a major financial services company for the past 6 years and now things are starting to get questionable here concerning downsizing in my location.

I have been looking to go back into business for myself for the past 2 years but was not able to pinpoint exactly what it was I wanted to do. So I have really been thinking about in more over the past couple of months and started looking into real estate investing, specifically wholesale residential real estate investing.

I decided to pursue the wholesale aspect since I just got married and purchased our first home, all within the last 3 months. So needles to say, my capital is a little tight at the moment.

Based on my research of the wholesale market, I realize that it is not a quick and easy way to get started; but I am more than willing to be patient and put together a great process in order to be successful. However, my ultimate goal is to build enough capital from wholesaling in order to start buying rentals that will produce cash flow.

All of that being said, I welcome all input and suggestions as the "newb". By the way, does anyone have any suggestions on a good CRM to use for lead tracking and management?

Thanks,
JC