All Forum Posts by: Michael DeFrancisis

@Musa Elsir if their goal is to avoid probate I believe she can move the deed into a Trust. That way when she dies, the deed never needs transferred - her kids will just become the new executors of the trust and they can sell that interest to the developer. That should buy you some time. I’m sure I used some incorrect terminology - I definitely advise seeking counsel from a family estate planner; however, I know people use trusts & estates to maneuver around probate.

@Anthony Hollis I am a wholesaler in Charlotte and have done this a few times successfully. My contract states that I am allowed to market the property, including on the MLS.

When I market it on the MLS you need to select the option of "Seller Does Not Own Property." Additionally, you're going to need to do a double closing if you find a buyer that way. You're also still limited to cash buyers or buyers with private/hard money, as traditional banks won't touch deals like this with any kind of loan.

I am not sure what rules you need to follow since you have your brokers license, but I recommend finding out. I specifically didn’t get my brokers license for these reasons - if the seller finds out you listed it and they feel scammed, they can call the NC Realtors commission and report you. Not trying to scare you, just want you to be aware.

With having a license, best to be fully upfront with the seller on what you may be doing with the contract, before they even sign the contract.

Are you looking for your next fix and flip before the year is up? We have a great deal available for you (one that actually follows the ARV*0.7 - repairs rule). It's located in Belmont, NC, which is a very nice and affluent suburb of Charlotte, NC.

All of the numbers, pictures, and property details can be seen at our website below.  Please take a look and reach out to us if you're interested!

Click Here To See The Belmont Property

Thanks,

Mike

Queen City Home Buying, LLC

I'm currently sitting at work reading this thread, that doesn't seem fair to my employer and is likely reason enough to quit.  This year my net income on my wholesaling business will exceed my W2, and I put 50 hrs per week into my full time job vs. 10-12 hours per week into my wholesaling business.  I am so hungry to take it full time, and scale my business.  I have all of the proper systems in place, a solid team, and have proven to myself that I am able to make my own money, even in a hot market where deals are more scarce.

Why not leave now?  Fear of losing lending power by forfeiting my W2?  Not being able to internationally travel for free anymore?  Benefits?

I believe everybody can find reasons for why to stay with what is secure.  I believe that if you follow your passion, and are good at doing what you love, you will truly be free (make a lot of money and also never "work" a day in your life).

Taking the plunge is not an easy thing to do and shouldn't be taken lightly, but I have never met 1 person in real estate who doesn't love what they do and the freedom they have - but nearly everybody I've met in the corporate world wants to get out...that should tell you something!

Good luck!  I will be making that move very soon as well!

Hey @Don Cuffy, I'll PM you!

@Diana Duncan definitely check it out!  In terms of property management, I couldn't say as I don't use it for that.  However, for my business my favorite features that I've integrated into my system are:

1. The ability to send/receive contracts for eSignature at the click of a button (both P&S as well as assignment contracts)

2.  Automatic property information/recently sold comps

3.  CRM Drip campaigns (text and email)

4.  Integrating in my lead funnel (i.e. all my Vumber calls, and website submissions go directly into Podio for management)

These 4 things, along with some other built in automation that ties my system together, get me about 90% of the way to fully automated.

Podio, for sure!  Or some sort of advanced CRM system.  But the Podio workspace I have let's me manage everything from Lead in-take through closing all right from my phone.  I can work from anywhere pretty much.

Podio+Globiflow gets my vote!

EDIT:  Sorry, I totally missed that this is for "Rental Oriented" tools...mine is not a rental oriented tool, though I know of good CRMs for landlording as well, also built on Podio.

Are you looking for a high quality total automation system for your Wholesaling or Property Acquisitions?  Do you want it without the high monthly fees that most companies charge ($2000/year)?

Imagine having your very own system built for you, for just a one time fee!  That's what Wholesale Hacker offers, an alternative to a high monthly subscription.

On top of no high monthly fees, you will OWN the system.  Meaning you can further customize it and add on as much as you want - no limitations!

What features does Wholesale Hacker automate for you?:

• Direct Mail mailing and tracking
• Automated tasks, notifications, and reminders to all of your team members
• Automated lead generation from your phone calls and website submissions
• Automated property analysis, market analysis, comps, repair estimates
• Automated and Customizable Drip Campaigns (email and text) to ALL of your leads
• Sending offers to your leads with the click of a button
• Setting appointments and closings with the click of a button
• Send assignment contracts and do double closings - again, with the click of a button
• Strong lead management and network consolidation so that you never lose a lead and can keep track of your REI network seamlessly
• Etc.

Want to see these features happen live?  Check out the video demos page of our website:

www.wholesalehacker.com

I look forward to hearing from you!

Mike - Wholesale Hacker

Is your wholesaling business taking up all of your time?

It's no secret, being successful as a wholesaler requires work, but does it have to feel like a GRIND?

Why not automate nearly all of the functions of your wholesaling business, and be able to run your business just from your smart phone?

Imagine if you could do all of these things automatically:

• Assign/delegate tasks automatically to team members (or yourself)
• Property analysis
• MAO calculations
• Accurate Property Comps
• Automated CRM so that you never lose a lead
• Set appointments
• Send offers to all of your leads for e-signature
• Market your deals to ALL of your buyers
• Send assignment contracts and double closing contracts to buyers
• Schedule closings
• Track your business KPIs
• etc.

Now, imagine if you could have ALL of those features, on your phone and on your laptop, without the HUGE monthly fee that often comes with these types of systems!

Sounds too good to be true?  Well, it's not.  You can have it, and join the others who are freeing themselves of the CONSTANT manual work that holds you back from scaling your business and having more time to enjoy your life.

Join the Wholesale Hacker family!  

Want to see what it actually looks like when these features happen live?? Go to my website and check out the video demos:

Click Here To Check out Wholesale Hacker

I look forward to building your system for you!

Thanks,

Mike

Thanks @Elizabeth Wilson!  @Josh Humbert I would be happy to discuss it with you!  Please private message me and I'll share my website with you that you can see the product information at.

I'm also copying in @Nick Baldo because he offers turn key Podio systems for Property management as well as rehabs, and they tie nicely into my system for a full turn key platform.