All Forum Posts by: Mike Tooley

Run an ad on Craigslist that says:

"Handyman special! CASH buyers only! $125,000
Call 123-4567"

This will get your phone ringing!

Great idea Brian!

I never thought about asking them this.. Good way of finding out if they are a true buyer also.

Thanks!

So do you just explain to seller A the situation. That you are a wholesaler looking for a buyer for their house?

So is this right? When I go on to a wholesalers website, and they have 5 - 10 properties for sale. Does this mean they own them free and clear (or with whatever creative financing) and they are just looking for another buyer to purchase them? Or is the wholesaler still tied up in some contract with seller "A"? I've always wondered about this.

Hey Brian,

That's kinda the way I'm leaning. If they don't perform in the future, I'll just drop them.

Thanks!

I'm getting a good response from an ad I posted to build my buyers list. I'm getting calls from individual investors along with many calls from some representative that is hired by a big investment company to make phone calls! I ask them specific questions and they tell me they will buy pretty much anything.

Is this someone I want on my buyers list? I guess it couldn't hurt.....more is better? I'm thinking I would rather deal with a handful of good, solid investors that I can provide good, quality properties to.

Any opinions?

I opened shop in January after studying various real estate techniques over the last 9 months.

I've chosen wholesaling with the option to sell or buy and hold.

Got my basic website up (still needs alot of work), going to 2 REI clubs each month, building buyers list as we speak, sending out mailers this week.

All this and working full time. Will be closing deals soon!!

Sorry Jon...

No deals, just looking for some sound advice on how to handle a lead.

That's all...

You got it Nick!

How 'bout we have a bidding war (bird dog war?)

Highest bidder gets the deal!