All Forum Posts by: John Horner

Go individual if you can.  It will be the easiest way.  

Also forming an LLC will not get you normal conventional financing with a bank. Banks dont make loans to LLC's.

@James Wise, I would contend the realtard wasted her own time.  If she doesn't have a way to screen (screen out) her clients that is her own fault.  Yes, the guy is a jerk but it should have been fairly easy to determine that without wasting much time.

hahaha oh and if you found a house for sale for 38k in columbus you my friend are on the hilltop.... hilltop USA one of the worst parts of town!!!! you suck at life, at investing, and should leave investing to the big kids :D 

Just be honest.  

Tell them that their house is worth a lot more than you are paying them. 

Tell them that you don't have a real estate license, but you are brokering the sale of their house to another individual.  

Explain what a large piece you are trying to take out of the transaction and that they should be happy to get any cash at all.   That if they wanted the fair value of their house, they should have been working with an actual real estate agent who would help them get the highest price possible.  

Or just find a way to lie to them.  

Best of luck.  

@John Horner this idea of funneling motivated sellers is very interesting. Can you provide a bit more detail about your "processes and marketing channels" -- like a big picture overview? What's the general approach that is working for you?

Do these 2% deals just not show up in sales records? Cuz I've been sitting on Zillow since it came to existence, and I do see that some houses sell for really low, but those can be usually attributed to being sold within family or friends or something, as there is no record of them being listed for sale, and anything that was ever listed for sale in a decent neighborhood and not require a complete tear down wouldn't come close to 2%.

I've searched, FL, CT, PA, NJ, NYC area, NC...

When people want to sell their house, they go to a real estate agent. How is marketing going to help me? I've always saw those "We Buy Houses, for CASH" signs as BS, just dirt bags trying to rip people off. I'm sure 99.9% of people willing to sell their house would list it on MLS. Wholesalers are probably those dirt bags, trying to rip the next person off, yes I've gotten a list of properties from a wholesaler, and I could have done much better on the MLS, their prices were just stupid.

Whats driving for dollars?