All Forum Posts by: Account Closed

HI Britney, I am an investor and wholesaler here in Orlando with 17 years full time experience. Welcome to BP.

My advice to new investors is to start wholesaling properties. This is the quickest and best way to get started with the least cost.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. There should be some. Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close.

Many times the owners don’t update their mailing address with the county so you may get the letters returned. I use beenverified.com to get the most updated info. It costs me $24.95 a month but it is well worth it because it also gives me email addresses and phone numbers.

If you are going to buy the property, fix it up and then either sell it or rent it then you are through.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. This typically is investors. Then again go to the assessors website and find their name and mailing address. And again use beenverified.com to get the best and latest contact info.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.

Steve Anderson

Call me to discuss.

There are many methods, you just have to market to them, such as: probate, pre-foreclosure, pre-tax deeds, vacant houses, expired listings, listings over 180 days on market, just to name a few.

Hi Henry, as long as you get a contract on a property in any state, you can wholesale it. No you don't need to have much money to start wholesaling. 

My advice to new investors is to start wholesaling properties. This is the quickest and best way to get started with the least cost.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. There should be some. Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close.

Many times the owners don’t update their mailing address with the county so you may get the letters returned. I use beenverified.com to get the most updated info. It costs me $24.95 a month but it is well worth it because it also gives me email addresses and phone numbers.

If you are going to buy the property, fix it up and then either sell it or rent it then you are through.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. This typically is investors. Then again go to the assessors website and find their name and mailing address. And again use beenverified.com to get the best and latest contact info.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.

Steve Anderson

When you put in a contract you have to put up some money, called escrow payment, to seal the contract, or it is not a valid contract. The amount can be as little as $10 but the seller has to agree to it. 

It depends on the price you pay for it. that is why I always go after the deal before the auction and deal directly with the owner. I may be possible in the future to wipe out the mortgage but you need an attorney to file for the quiet title. Until that process is finished, and the mortgage company does not respond to the attorney, then you will get it with the mortgage wiped out, but not before. You have to go into every deal with your eyes open.

"Commercial Real Estate Investing for Dummies" is a great primer book about commercial investing. 

Do you have a contract with either of them? 

Did you send it to my email address to a BP message board? I don't see it.

I go after tax auctions but NOT AT THE AUCTION. I contact the home owner before the auction and negotiate to buy the house. That way I don't have to deal with all the crazy auction madness.