All Forum Posts by: Justin Howe

The wholesaler gets paid once the deal is closed on the 31st @Account Closed

Hi Nir Wittenberg a wholesaler gets paid a fee when they assign the contract to a new buyer. For ex, you put a property under contract for $50,000 and find a new buyer who will pay $55,000. So you sign a new purchase agreement and assignment agreement with the new buyer for $55,000. Then take all contracts to a title company to open escrow and close. Once closed, the new buyer bought the property for $55,000, the seller sold their unwanted property, and you made $5,000. Make sense?

The most efficient way to get in contact with sellers is by direct mail. You can choose to mail letters, postcards, zip letters, ect. Just get creative when you're marketing. Try different envelope colors and sizes, try postcards, try different messages.. Then track everything to see what returns the best response rate.

Delinquent taxes lists is another option to mail to.

@Kimberly Farrally That means the owner's put their property in a trust and they are listed as trustees of the trust. It's probably not related to probate.

Hi @Jose Corbera The first step is learning the business and you're in the right place. BP has a vast amount of information on wholesaling from articles to podcasts. Invest some time learning how to find deals, put them under contract, and then assigning the contract to a new buyer. 

This article breaks down assignments really well.

https://www.biggerpockets.com/renewsblog/2016/07/0...

Waide Franklin Being upfront and honest is the way to go. That way you won't run into issues preventing you from getting to the closing table. Keep up the good work! To tag someone, type the @ symbol then their name. It might take a second or two to work.

There are plenty of agents here in BP or visit your local REIA meeting to network with other agents in person.

Tyrone Watler You might be able to refer her to an agent to help her negotiate a short sale. Run the numbers and if they add up, continue working the deal. If not, move on the next one. It sounds like this one is close but not close enough.

Alicia Brown BP has a hard money lender section. Click marketplace then hard money lenders.