All Forum Posts by: Jim Pellerin

So at the moment, I do the following for lead generation:

- Direct Mail (handwritten letters)

- Website

 I would like to diversify my business as much as possible. What are some creative ways of lead generation? There are no bad answers. 

Thanks,

Joe O. 

How do you feel about websites? Where to you send the traffic you capture on AdWords? Do you feel that websites are good for lead generation? I ask because I have a website and I get leads from it all the time. Might be a good idea to include it in your list. 

What formula are you using to make offers on listed properties? The 70% of ARV - Repairs and fee make your offer come in too low and most realtors will not entertain the conversation of a super low ball offer thats coming way under list price. Ive been watching some videos and noticing some people say that they have a lot of success with this strategy but i was curious of what formula is being used to win offers and profit from a wholesale fee. Love to hear the feed back on this topic.

What contracts do you sign as the wholesaler? Should I sign "Purchase and Sale Agreement " with the seller and "Assignment of Contract Agreement" with the buyer or what? Thank you

Hey BP! 

Got a question for those of you who may have done a 50/50 partnership on a rental property. My partner and I are looking to split all the costs of a turnkey rental equally. 

The loan will be in my name. She is sending me half of the down payment so that I can season it in my account before I apply.

How can we make sure she is protected in this deal? She trusts me completely to make all the decisions now and in the future, but I want some sort of partnership agreement in place, just in case I were to die or something next month and her money was still sitting in my account. 

Do we need some sort of lengthy document drafted? Will it be sufficient to draw her up a receipt for her funds and then put her name on the title?

Thanks for any guidance on this!

Hi - I have a few single family homes that have done well and am looking to invest in a large multi family (minimum 10-20 apartments). Max price is probably around $4M (unless seller wants to agree to a small portion of seller financing) and I've narrowed it down to Columbus Ohio for my initial market research. When setting up calls with brokers - what are some potential imperative questions to ask? I have the following: 1) average cap rates in the space, 2) population growth 3) Job growth 4) what areas are the "tough areas" 5) any specific nuances to this market (i,e, any unique taxes) 6) who are the best property managers?

Thank you in advance for the help!

Does wholesaler need to sign anything or to be mentioned in the contract ("Standard Purchase and Sale Agreement")? Is the wholesaler the man in the middle(contacts with the buyer and seller and sends them the contract)?

I am planning to travel with my girlfriend soon who is a nurse and am interested in possibly making a career switch into some sort of RE job. Are there any RE related jobs in which I could work fully remote on the road?

Thanks

I was about to get my first fix and flip under contract with a wholesaler. I negotiated the deal for $55,000. My wholesaler sent me the purchase agreement and his assignment contract, but I noticed he has me (buyer) paying him a $5,500 fee. We never discussed this at all, and I assumed the fee would have been baked into the sales price we agreed upon. Since this is my first time dealing with a wholesaler, I dont know if this is normal. Can someone experienced with wholesalers please advise? Thank you!