All Forum Posts by: Marvin McTaw

@Mesha Graham there are lots of ways to find buyers. One quick idea is to go to the monthly county foreclosure auctions and talk to the buyers there. Let them know what you're doing and have your value proposition in hand. Be quick, don't waste their time, get their contact information and move on.

Bigger Pockets is also a great source if you want to find buyers for your wholesale deals. You can also try many of the Facebook or LinkedIn groups for deals as well. You could also network with other real estate wholesalers and/or real estate agents if you need help moving your inventory. 

The great part about talking to buyers first is you can get a feel for what they are looking for and what they are paying for deals. That can help to target your marketing efforts for sellers and give you better guidelines around what you should be purchasing properties for (i.e. your buyer's price less your margin = your maximum purchasing price with seller)

@Jake K. you could but read through the agreement to see what that would mean for you. It might mean you lose your earnest money deposit or any other random fees that get charged at the time of the auction closing and you signing your agreement. 

 A targeted list from ListSource is actually not that expensive. It's probably cheaper than buying signs. You can also get lists from public resources like delinquent tax lists, bankruptcy lists (de minimus cost), eviction lists, etc. You could then reach out to those people via a whole variety of means (emails, social media, handwritten letters, etc.). 

Another strategy might be to partner with someone who provides the funding for your marketing and you pay them a percentage of revenues or profits for a period of time (e.g. a year). 

 That's great! Hopefully, you'll be able to get some more of the resources and people you need to get your business moving along the way! 

The contract for the four (4) bedroom, two-and-a-half (2.5) bathroom house at 2600 Branson Pl SW, Marietta, GA 30064 offers fantastic return opportunities for landlords and fix and flip investors!

Rehab investors can potentially earn cash-on-cash returns of 30.5% or greater with the contract for this property. Partially renovated homes like 2306 Luther Ter and 2617 Branson Pl have sold for $205,000 and $200,000, respectively, and have less square footage than our subject property.

Landlord investors can expect rents of $1,500 or more generating substantial positive cash flow. At this rental rate, landlords would earn cash-on-cash returns of almost 13.0%!

Don't lose out on this opportunity to secure the lowest cost, best value property in the Hice Farm neighborhood making this a winning investment property! We will be holding our one and only inspection this Wednesday, February 14th at 11 AM ET. Please RSVP for the property inspection as spacing is extremely limited.

Contact us today by visiting our website at http://www.bmsells.com/property/ to learn more about this opportunity.

Note: property is tenant occupied. Do not disturb tenant. Drive-by's only until inspection this Wednesday at 11 AM.

@Camerron Feagin you should use an agreement for sale/purchase and sale agreement to document the seller's willingness to sell the property and your willingness to buy the property. That's basically the only thing you need to get the ball rolling. After that, pretty much everything else is handled at the closing table from a documentation standpoint.

@Walter Roby jr you can try contacting them on social media (e.g. Facebook Message). Seniors are increasingly active on the platforms. You could also try direct mail if you have their new mailing address as well.  

@LeArcashei Moore not sure about the regulations in Tuscaloose but you could probably ask Brian Trippe of the Alabama REIA "AlaREIA". You can check out their meeting here: https://www.meetup.com/AlaREIA/

@Josh Flowers I'd encourage you to read Real Estate Wholesaling: The Ultimate Guide here on Bigger Pockets as a starting point. I'd also check out the  Wholesaling Forum here on BP . Sean Terry has a great book about wholesaling the name of which eludes me right now. Just search the Kindle Store for it. 

I'd also suggest podcasts like Wholesaling Inc with Tom Krol, Todd Toback's podcast, Facebook Groups like Wholesaling Houses Full Time via Alex Joungblood, and websites like Joe McCall's  Real Estate Investing Mastery website and podcast. There are also some gurus on YouTube you could watch videos of. 

The fact of the matter is you're probably going to get information overload so I while more education is never a bad thing, sometimes you just have to get started. Let us know if there's anything we could do to help! 

@Festus Edward I feel like he needs more money before pursuing either strategy. Assuming he's putting $15,000 down and saving the rest for closing costs, fees and maybe a little cosmetics (e.g. painting), the most he could buy would be like a $50,000 to $75,000 property which is less than most lenders even really want to deal with. I would encourage this person to keep saving if they really want to get into rentals.