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All Forum Posts by: Mike Watkins

Mike Watkins has started 40 posts and replied 488 times.

Post: Is this a deal?

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

It looks like $150,000 profit 

It's not at the 70% rule. You'd need it at $497,500, but profit is profit. 

This all assumes that his numbers are accurate. That's the question you need to ask. If they are then go for it.

Have some one from another state who won't invest in your state and get them to analyze it.

Post: So many leads I dont know what to do with them

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

Are you sure you meant to post this on the FreedomSoft community forums?

Post: Easter ideas

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

Did any one do any crazy Easter marketing?

I put an Easter egg in the yellow letter. 

Post: Stepping Out On Faith To Wholesaler

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

I put it into my sig, I got so many questions about it. 

Post: What would you do if marketing budget costed you $0?

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
Originally posted by @Craig Moore:

Hi BP,

I'm curious as to what you all would do if you knew you didn't have to spend a DIME on your marketing budget for wholesaling (this includes letters and postage)? Use your scenario in terms of direct mail letters only. How many letters would you send out? What would your strategy be? Would you take more risks marketing to different categories? How wide would your net be? This may be coming off as vanity but that's why I'm asking. In an ideal situation what would YOU do? 

Thanks,

 Have is the keyword there. If I didn't have to, I would becase the compition won't do it. 

Post: Wholesale advice

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

there's a middle Georgia meetup group. I'd go to it and aka other investors who they use. 

Post: Stepping Out On Faith To Wholesaler

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
Originally posted by @Celease Williams:

Great afternoon. To make a long story short I am a newbie to the Real Estate industry and I have never done a wholesale transaction. I have been doing my research and I understand wholesaling. I attended a real estate seminar and got extremely excited but however in order for them to educate you it was thousands and thousands of dollars and I have no money just ambition, drive and passion and a will to succeed. So I've come to the conclusion I am going to make this happen no matter what. My questions are I am seeking purchase and sale agreements and assignment agreements and I'm not sure where to purchase them at . My strategy is to go on craigslist, seek out some distress properties, i've found a few out and about here in Georgia. Im going to do my research in reference to contact the owners, offer a price and begin my process finding a rehabbed or buyer. I know that is not going to be as easy as I maybe explain it but however I will continue until I have accomplished my goal. If anyone is out there that is willing to help me on any level I would be ever so grateful. I'm open for whatever advice you may have.

 Like @Russ said its a free-no-pitching mastermind. A guy there last month spent money on similar training only to get up sold. He's gonna follow through and instead of spending that money, come on here and network and put that money in real estate so you learn by actually doing it. 

Post: Purchase and Sales Contract in Georgia

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
Originally posted by @Alexis Kaigler:

I'm looking for a short purchase and sales contract to use for wholesale deals. My attorney drafted an 8 page contract. I sent him a one page contract that he said was insufficient.  Does anyone have a shorter contract that has been reviewed by an attorney in Georgia?

 You'll need to get one from a friend. If I give you one it may be looked at as I'm "practicing" law. See if the attorney can shorten it to 2 pages. I think an attorney is coming to the next meeting. 

Post: Wholesale Contracts for Georgia

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
Originally posted by @Jamel Collins:

Greetings to all, I am a wholesaler who recently started in Georgia. Can anyone direct me to where I can find a purchase agreement form which includes the following purchase contingencies: Finance, Home Inspection, Business Partners Approval?

 I do. We are discussing that very thing next time.

Post: Aspiring R E newbie!!

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
Originally posted by @Victor Miller:

Hello BP community!! My name is Victor, I look forword to picking brains and fishing for knowledge within this forum to help guide me.I expect this to be challlenging but look forward to getting through this learnig curb!! 

 I'd pick a niche and go at it. Be the best in them at and do it better than any one else around you. 

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