All Forum Posts by: Omar Bunch

There is a blog in Bigger Pockets that covers this in detail. I recommend you check it out. Essentially, map out a neighborhood, then drive it looking for distressed properties and/or other potential deals. Take pictures and write down any pertinent info about the properties you identify. As quickly as possible, research the properties to determine which ones you can move on. Get yourself a buyer, then do everything necessary to get the deal done. Of course this is just a bare bones explanation. The blog goes into more detail and even recommends additional blogs to check out. Hope this helps some.

Fili, I recently asked a question that is similar to this. Based on the feedback I received, it sounds like is the decision is up to you. If that is the case, keep in mind that you want to build relationships, not destroy them. One person informed me that they are up front with realtors and offer them 3% of the sale price. Some may disagree but that realtor if that realtor provided you the property that led to a deal, why not take care of them. Investors frequently offer referral fees to average Joe. In my humble opinion we should take of the realtor because that is their profession and I believe they will be more apt to help you out in the future if they believe they were taken care of.

Thank you, gentlemen.

Can someone who has experience with wholesaling help me understand how to incorporate tax lien and auction properties into my plan of attack?

Bigger Pockets. Check out The Ultimate Beginner's Guide To Real Estate Investing and The Ultimate Beginner's Guide To Wholesaling before you spend money on a mentor...unless you just "have it like that" financially.

I listened to BP Podcast 189 today that featured Tarl Yarber. Although it is older, it is full of good information. However, I heard Tarl mention that it is difficult to do double closes in wholesale transactions. My questions for the forum are, 1. Is it hard to do double closes? 2. If so, what makes the process hard? 3. What kind of properties/transactions cannot have the double close applied to them in the wholesale process?

In listening to multiple podcasts and reading a ton of material, I continue to come across the importance of a esatblishing criteria for the properties we plan to conduct transactions on. In the realm of wholesaling, is it as important to have an established criteria for desired properties as it is when it comes to trying to find properties to BRRRR, buy and hold, and/or flip? Why or why not?

Was he aware up front that you would be making a profit? Does he understand that he is still getting the agreed upon money? If not, revisit that part of the contract. Lastly, is his attorney a real estate attorney? If not, that could be the issue. BLUF, revisit the verbiage in the contract that shows him what he is getting as a result of the transaction. If he continues to balk at that, then it may be a smoke screen for a more significant issue. Then you will need to incorporate another set of interpersonal skills into this transaction process to make it go through.

Depending on the date, I'll be there also. No experience other than reading BP info and watching videos but eager.

Dante, I am all for that. It sounds like you and I are in the same boat. If you have FB Messenger, I am about to reach out to you via that platform. Thanks for reaching out.