All Forum Posts by: Shaun J.

DMM doesn't have to be tricky. Be short, sweet and to the point, but act like you are talking to your friend. 

Hey Tom, 

This is Shaun. I am interested in Buying your house at xxx main st in anytown.

I pay all cash and close in 30 days or less, no matter the situation or condition of the home. 

Please text or call me anytime at: 

xxx-xxx-xxxx

Thanks, 

Shaun 

Hey Andy, Thank you for your service. Like @Rob Massopust said, pull your report and look for inconsistencies. Then fight those with the big 3 credit agencies. It takes time, but you would be suprised at the results. 

One of the biggest pieces of Credit, is your payment history - Have you ALWAYS been on time? Accounts for about 35% of your FICO score. 

Also, a huge no-no is never settle with a creditor for "Less Than what You Owe" unless they will not mark it as such on the report. That hurts your score too. Instead, pay them off slowly and a little at a time, again takes time, but this will show that you are making good, on time payments again, and help with that payment history on the FICO.  

I'll throw the wrench! Technically, you do not need it. If you partner with the right agents, you can do it. However, in the long run, you will make more by being an investor & agent (Commissions + Profits). 

Youtube Mark Ferguson 

For everything I would wholesale, I always would do a Title search myself while in the Contract with the seller. This way my cash buyer can already see it's going to be a fast and easy cash closing. Sure it ate a few bucks into my profit, but let me tell you, when you have Fat Pocket guys like I do, losing even one of them would hurt way more. 

Wait, what? Didn't a title search get done? I assume you had title insurance, right?

Regarding the line, I bolded in your comment, actually banks and what not have issues with a quick flip. They have their seasoning requirements etc. 

You know, if the government would just mind their own business, we'd all have more money. If they do in fact "outlaw" wholesaling, then everyone can just go get their "Real Estate License" and then there will be a flooded market of real estate agents/brokers and not enough homes to sell. And who will they have to blame for that? Themselves, because for some reason a lot of REA HATE Wholesalers. 

You don't need MLS and like has been said, shouldn't be using it for wholesaling. If you don't have any money for automated lead generation like Investor Carrot, you can go Driving For Dollars and send direct mail/phone calls/door knocks/whatever

I think it doesn't make much difference as long as you have positive cash flow unless you are looking for future appreciations. 

I think I am going to give Investor Carrot a nibble. Does the starter account give the ability to have lead forms and a website etc? I forget what I read. I have no problem upgrading, but I never go for the big plans until I test the waters. 

It should be in your purchase and sale agreement "and or assignee"