All Forum Posts by: Jay Kennedy

Someone whom you’re comfortable with and don’t have to give thousands of dollars to

@Reggie Joseph you need a phone and internet connection to lookup all of the For Sale By Owner’s in your area and call to make an offer on each one. After you get started with your first deal you’ll have some money for other forms of marketing if that’s what you want. Or require, how the great @Michael Quarles would say :)

Yes, of course, it's always best to consult an attorney. In my experience, I've never had any problem in any state that I've wholetaled. The MLS is not a government entity, so they cannot punish you under the law. They do have rules, but I also disclose in my contracts that I will be marketing the property on the MLS and I will be making a profit when I sell the property. I also have equitable interest in the property as I have given the seller an earnest money deposit.

As far as an actual legal issue, I’m not an attorney, but if I purchase a property (with the end buyer’s funds if the law allows, or with transactional funding, hard money, money I borrowed from friends or family, or my own money) I am pretty sure I am able to sell it to whomever and at the best and highest price I can without getting in trouble with the law.

I am NOT talking about brokering a deal or selling a contract here. I’m talking about buying and selling property.

@Chidi Weah wake up everyday with the sole purpose of buying a house for 65% of actual value or less. When you get a deal like this you will have NO problem finding a buyer for it.

Call or go to every For Sale By Owner in your area. Get a tax delinquent list in your county, and either find their phone numbers, send them a letter, or go knock on their doors. Tell everyone you meet and everyone you know that you are a real estate investor, you buy houses, and if they, or someone they know, are planning on selling to let you know RIGHT AWAY!

@Darrell Paden you don't need a buyer list. Put it up on the MLS.

@Lydia T. Love your answers!

@Dorian Dixon yes exactly what Lydia said, it’s up to you how much you tell your sellers and what you’re comfortable with. As far the contract goes I’d try to get as much time as possible, 45 days if you can, with an option for you to close sooner in case you find your buyer and they can close quickly. That way you get paid faster.

After having the contract signed, I'd put it up on the MLS and market it there for full value and only accept cash offers with a non-refundable deposit; instead of selling it off market to another investor who will give me nowhere near full value.

@Jamell Isiah hammock no prob bro anytime 👍🏻

@Jamell Isiah hammock no prob bro anytime 👍🏻

@Jamell Isiah hammock if the property is occupied just go up and knock on the door. If it’s vacant you can Call local title companies in your area and ask them for a property search login. The one I have is TitleAdvantage. From there you can look up the property profile and the owner name and mailing address will come up. Then, you can reverse look up their phone number or send them a letter in the mail.

Another good option if it’s vacant, is to ask the neighbors on the street if he has any info on the owner because you’re interested in buying it.