All Forum Posts by: Shawn Greeves

Start wholesaling to make some Cash do do bigger deals

If you're looking to wholesale houses and you write up a contract and its taking too long to sell give the seller the first right of refusal to sell to someone else. Then just walk away if you cant sell it.

Or if its a good deal just buy it and sell it after you buy it.

If you don't have any money you don't need ANY rentals. Really your gonna make $400.00 a month cash flow. That's walking around money. You will never get rich at that rate and you will go broke if you cant accumulate a lot of houses quickly. Because the vacancy factor, evictions, fix up time, maintenance, vandalism factor will eat up any money you will make nothing.

I coach people to buy the cheaper houses and sell them off in 30 days and make $10,000.00 every 30 days. Go that route and you will GET RICH!!!!

If you want to make 30%-50% on your money with the least amount of hassle be a Private Lender!

NO TENANTS OR TOILETS!!

Only do First position loans.

I'm a Private Lender in St. Louis. Have been for years.

I have done Rehabs, Wholesales deals, Rentals, Retail Deals.

The Most easiest and lucrative way I do the business is financing Rehabbers. 

Think about it. You finance a fixer upper (90% of the wholesale purchase price).

 They spend their money fixing the place up. If they don't pay you, you foreclose and either get ALL of your money plus ALL your legal fees and back payments and points or you get a house fixed up or partially fixed up. Either way the house will be worth more money than when you lent on it. 

So Mark it up and sell it out right or finance the new buyer. 

You can create money out of thin air AND FINANCE IT!!!!

BE A PRIVATE LENDER!!!!!!!!

Lin

A letter report is something that you would get from a local title company.

You would tell them what you are wanting to do.

You would tell the title company that you want a letter report on this house. They will check and see what the tax status and any other liens are on the house.

The seller wont even know that you are doing this. It should cost $100.00

After you know what all the liens are then you can write a letter to the guy and ask him if he would be interested in selling the house. You can stick it in the door or mail it to him. It would be nice if the house was vacant because he would be more motivated to sell. But the thought of getting money might be enough motivation. If he still lives there you might have to buy it just to get him out.

Just make sure its a real good discounted price, so you can sell it quickly. Or if you want to fix it up you will need a big enough spread to rehab and still make a profit.

Here's a free way to find buyers.

1. Go to Zillow.com

2. Enter in the zip code of the house

3. Go to the drop box at the top of the page and un click every box except the yellow box which is the recently sold.

4. Also  change the price range to 0 - what ever is wholesale prices in that area.

5. After it loads look for the wholesale priced houses

6. Click on those houses and write the address down.

6. Go to your county web site and look up that or those addresses and write down the owners names and addresse.

7. Send a flyer to those buyers.

Wala you have a buyers list!!!!!

OR Method 2

Go to Craigs list and make up an address like 21xx Brown street and make up a description of a house like 3/2 lite fix up Great area. and put an UNBELIEVABLE price like ARV $200,000.00 asking $35,000.00

DO NOT PUT YOUR PHONE NUMBER!

Only put your email address. When people email you for details you tell them it's sold but you have a house they might be interested in and tell them about your house.

KEEP THOSE PEOPLE FOR THE NEXT DEAL TOO!!

It might be a little sneaky but nobody gets hurt.

Good luck

Most states sell the taxes to generate money for the county or city. But that doesn't meant he still doesn't own the house. It usually takes 3 years of delinquent taxes before the owner loses the house to a tax sale. Then some states he still has a year of right of redemption. So he probably still owns it.

If you did buy it the title company will let you know the tax status. You can even have a title company run a letter report to tell you any and all fee/liens on the property.

Those would get paid off at closing if you bought it.

Why not run that letter report and see what's attached to the house to see if its even worth pursuing. 

If it is, try to get it under contract and ask for 90-120 days to close on it and flip the contract or the house to make some quick CASH!

Lamont,

I am a Hard Money Lender in the St. Louis area only.

I have done hundreds of deals.

You need to call your local title companies and ask them who are the hard money lenders that are closing deals in your area.

Rates will be all over the board. 

You need to talk to as many as you can find and go with who ever you like.

Remember DO NOT USE HARD MONEY FOR LONG TERM HOLDS.

You want to get in and out ASAP!

I coach people on how to turn houses every 30 days. Yes they use me for the financing. 

What a Gig huh? But it works for everybody. Its a WIN WIN.

I also don't check credit or even take an application on my borrowers.

 I lend strictly on the wholesale value of the house.

Try to find a lender that doesn't check your credit or income.

Good Luck

Shawn

DO YOU HAVE ACCESS TO BANK OWNED PROPERTY OR HEDGE FUND PROPERTY???????
I'm a CASH BUYER!!
I buy in the Missouri area. St. Louis to be exact.
There are many municipalities in St. Louis. So if you have a list the zip code will start with 63_ _ _.
Be SERIOUS I don't want to sign up fro a coaching course.
JUST SEND ME DEALS!!!!!
Shawn Greeves
[email protected]
314-920-1650

WANTED WANTED

WHOLESALE FIXER UPPERS IN MISSOURI.

CLOSER TO THE ST. LOUIS AREA

I PAY CASH AND CAN CLOSE IN 2 DAYS.

SEND ME ANY DEALS!!

SHAWN GREEVES

314-920-1650

[email protected]

If you don't have at least $50,000.00 Cash in the bank then Buy fix and sell. 

You NEED CASH do do this business.

If you are just going for a little cash flow you will end up losing money.

Unless you have at least 10 rentals you will end up losing money. 

Everybody thinks they are gonna rush out and get "Rentals" and they don't realize how much work cost and aggravation there is involved.

So if you don't have a lot of CASH just Buy Fix and Flip until you have enough cash to carry you through. 

I had 83 houses I know www.5000EZPZ.com