All Forum Posts by: Ray Mulli

@Mike Gallagher

Definately video!

You've heard the saying: a picture is worth a thousand words.

@Nick Stango

You know, asking a question here should provide straightforward answers.

To find a useful albeit generic purchase contract go to BP under resources and scroll down to FilePlace.

Goodluck.

@Neil G

Wholesalers exist to find property that has value per the rehab formula of 70% ARV.

That is difficult to come by hence the premium paid by investors\rehabbers.

And yes wholesalers are on the hook to buy the property unless they reassign or back out.

Ray

@Brandon O

I have marketed to absentee's and I've found they are not a motivated bunch.

Sure they call in but they want you to pay retail.

Perhaps it's the state I'm in.

So start with a small test mailing.

Good luck.

@Dezel Jones

I'm also in the twin cities area!

Welcome.

@Robert T

You could ask them if they know of anyone that wants to sell (that way the call is not wasted).

THEN modify your marketing.

Wholesaling IS Marketing.

I'm finding that to get good prospects to call I have to constantly twick my marketing.  

Hope that helps a little.

@Sidney Kutchuk and @John Myers thanks for the info. I think the Equator Platform is the way to go.

I actually have first hand experience with that.

Ray.

@Sidney Kutchuk, thanks for the response.

The niche I'm focusing on is short sale properties in more than "normal" disrepair and not in the banks' interest of market as REO. I also like it if the short sale is pre approved and this is where I educate the distressed home owner and urge them to act.

If you don't mind me asking, how do you work your short sales?

Ray,

@Sidney Kutchuk and @kim D, would you say short sale contracts are assignable. Do bank accept them?

Thanks

Ray.

Is there anyone that has worked a deal in NORTH MPLS in the last one year?

I have a seller that owes 90K in tax liens, but the house is worth $50K if that?

All feedback welcomed.

Ray.