All Forum Posts by: Kelly Payne

Great answer, Jaremy. I guess the fact that you're honest with the seller about your need for a profit allows you to speak more freely with her.

Your buyers have no problem giving you a $10,000 assignment fee? You never have the need to do a double-closing?

Mike,

That's great about your reponse rate!

Are you sending postcards or letters? What are you saying in them? Do you handwrite any part of them?

I've been talking with my county assessor's office about getting a list of absentee owners.

Their price is $80 for out-of-state owners (it'd be double that to include in-state absentee owners), but they'll filter any search criteria I request for no additional charge. I'm wanting to use this list to wholesale, so I know I need to find properties with plenty of equity.

What criteria will narrow it down to properties that fit the bill?

I was thinking of asking him to filter for residential properties within a certain value range. What range? Under 100k? And what about also filtering by sale date? How long will indicate they've built a good amount of equity? Perhaps by tax district or city to limit it to the area I'm farming?

I'd appreciate your help!

Hi Jaremy,

I appreciate your post - honesty is underrated, in my opinion.

How do you apply the same principle when you go back to your seller to tell her you have an offer on the house (that is much higher than she anticipated)?

Funny enough, here's a quote I just read a few days ago:
"I always think that the franker you are with people, the more you're likely to deceive 'em; so unused is the modern world to the open hand and the guileless heart, what?" -Lord Peter Wimsey, "Whose Body?" by Dorothy L. Sayers

Like I said, I think the truth is an underrated tool!