All Forum Posts by: Dalton Dellinger

@Rickey Ballard dang. PM your email and I'll send you the contract that I used and if you want to use it you can.

@Rickey Ballard you're welcome!

@Rickey Ballard I went to the Fileplace and looked through the Wholesale contracts. I found one that was pretty simple verbage but included things like an inspection contingency and "Buyer And/or Assigns" so that I did not have to write that in. I downloaded mine to the computer. I have a PC and it asks me which folder I want to download it to. Then I pulled it up and printed it out.

@Rickey Ballard I found my contract here on BiggerPockets Fileplace. Good luck!

@Brock Pellerin welcome to BP! I'm an investor who invests and lives in Indiana, particularly southern Indiana. Evansville is the third largest city and has tons of investors.

The most exciting part is that you found a girlfriend excited about real estate. My wife's eyes roll in the back of her head as soon as she hears "ROI" lol. Good luck! Feel free to message me anytime you want to talk numbers or theories.

Best wishes,

John "Dalton" Dellinger

@Ray Van Hello Ray! My name is John "Dalton" Dellinger. I invest in Evansville and Oakland City and am looking to buy in Princeton and Vincennes within the next year. If you weren't already, you should go to the Meetup tomorrow! Like minded individuals getting together to talk about our deals. Anyway as far as your question goes, we use Cozy.co it makes it really easy to collect the rent, assign late fees, process maintenance requests, and set up banking. I read a forum the other day and tons of people were recommending it on here. Feel free to connect!

From what I understand, someone can only get a homestead on one property, and it has to be a property you live in. It can't be an investment property. It's different in different areas, I'm not sure whether it's state by state or even more local. Basically what it does is give you a credit to be taxed on less of the assessed value of the property. It just means you pay a lot less in property taxes.

Originally posted by @Lloyd Hussey:

Hi BP universe,  

I am looking for friendly input on how to find wholesalers in my target markets from which I can acquire SFRs to buy and hold and possibly BRRR (if they are truly priced at wholesale). Thanks for sharing your thoughts.

 It sounds like the question you really want to ask is how to find discounted, off-market properties. I am researching this as well. The methods I know are:

Driving for Dollars

Direct Mail Marketing

Cold Calling by skip-tracing absentee owners/preforeclosure properties

I have heard of people in Evansville Indiana simply driving around and writing on a notebook paper something like, "I want to buy your property. Call me at 555-5555". They then drop these notes in people's mailboxes.

There are also bandit signs you can put up. 

Look up Transactional Funding. Sometimes a private money lender will lend you money for 24-48 hours to buy the house. And you pay them points for doing so

@Caleb Heimsoth I agree. No info on the OP profile. "What was the outcome? Awesome" sounds awfully like a fake ad for the company.