All Forum Posts by: Maxwell Wuensch

When starting off cold calling, obviously the list you pull is targeting potentially motivated sellers which means you most likely can get the property at a discount, or at-least thats the goal. but i’m confused on how wholesalers don’t feel the need to know anything about the property before calling an seem to just emphasize more calls more call more calls. This makes sense since it’s just a numbers game so is the answer to my question to just gather information in the first call and then do some due diligence and then call back shortly after with your offer because you’ll still need to run comps to even know if it’s a good deal right or is it just necessary to run comps quickly so you don’t even need to have a second call and can set up an appointment during the first call if you see that it could be a good deal? like let’s say the motivated seller owns a 2 bed 1 bath, but there aren’t any fixed up 2 bed 1 baths in the area which indicates that the market isn’t interested in buying them and also makes it hard to run comps. i am a newbie so forgive me if i sound dumb but i’m still trying to figure out the process and way to go about things in this business.

Does negative equity indicate a good subject to opportunity? and if so, does the wholesale process work the same?

@Taylor Ferrell, good luck! let me know what you figure out so i can learn from what you did. i

@Isaiah Pearson, ok thanks! noticed you are from indy as well, don’t know where you are on your wholesale journey but if you have good contracts that you use (Purchase and sale and assignment contract), i would appreciate if you could send them to me if it is not a hassle for you. Have a great day!

@Isaiah Pearson, that’s true, my only concern is not being able to accurately estimate the rehab costs like should you just go off the ballpark number the motivated seller gives you and then use that number to present the deal to your cash buyer?

@David M., ok thanks i appreciate your input! I agree being as honest and genuine as possible is the best route to go, a lot of youtubers make the argument that you shouldn’t tell them you are wholesaling because they will get mad but in my opinion, the advantages that come with a cash buyer make the assignment fee validated in my opinion and not only that but the fact that they are probably already having a hard enough time selling the property since it’s distressed and can’t qualify for financing, sellers should be grateful if anything.

@Byron Scott, ok thanks man, i appreciate the advice. One more question, when u cold call potential sellers do you make up a company name or just say ur a private investor that works with partners? feels kind of scam to just make up a fake company name

I’m curious if the inspection happens before or after there is a written contract? Like let’s says i find a motivated seller and they accept my offer over the phone and we set up an appointment to meet at the property, i’m not a contractor so i can’t accurately know what repair costs are going to be so would i sign the purchase and sale agreement anyways using a ballpark rehab estimate or would i notify my cash buyer that they have accepted my verbal offer and then they do their own inspection of the property before any contract is signed? i figure it might not really matter since there is an inspection period before the purchase and sale agreement is signed but that raises another question, aside from the purchase and sale agreement so you just rely on the verbal offer agreement until after your cash buyer gives you the go ahead on the deal? really confused and i probably sound dumb but i’d appreciate some clarification.

Need some advice about contracts when it comes to wholesaling in Indiana, if you’re an attorney in Indiana i have a few questions.

@Jake Knight, thanks man i’m gonna look into it, i appreciate it!