All Forum Posts by: Account Closed

Do you have any experience in this area of investing?

I've tried google voice and I don't like it because it takes too long to answer the phone and the people usually don't leave a message. 

Attention everybody! I am real deal wholesaler in Orlando and I have over 50 real off-market wholesale deals all over central Florida. I have access to funding for these deals and a complete turnkey operation if you need it. 

I also have 25 Chicago IL small Multifamily (below 50 units) with seller financing and also a complete turnkey operations offered. 

HI Zoey, welcome to BP. I am a wholesaler in Orlando and currently have over 50 off-market wholesale properties all over central FL if interested. 

First where are you getting your preforeclosure lists? What does the message say? I did pre-foreclosures in St Louis for 8 years before I moved to Orlando. Because I created the list myself directly from the sources (foreclosing attorney websites) that started the lis-pendins and because it was in Missouri their date of the auction was only 30 days after the lis-pendins was filed so I only had one shot at getting to the owners. I sent out personallized letters with my family picture on it and it did not appear to be from a typical investor. It was a heart felt letter that told them I can give them 8 ways to stop their foreclosure, just call me to help them decide which method worked best for them. I got an average of an 8% return calls on my 1 letter. To test out another method I prepared my letter, the 8 methods to stop foreclosure and put them in an opened FED-EX packet. I wrote in the letter if they wanted to compete the form about their situation and returned it in the FED-EX package I would help them with no obligation. That did not increase my calls. So I stuck with just the letters. 

When I got a person interested in me helping them by buying the house I would negotiate with the bank on a short sale. When it came close to closing I either sold the house to another investor or end buyer, depending on the condition of the house. 

Because I got the info directly from the attorneys website sometimes I would get my letter to the owners before the attorneys sent their registered letters. Those conversations were very lively.

Now that I'm in Florida I don't do pre-foreclosures any more because the time from my first contact to closing can take several years. 

I hope that helps. 

My advice to new investors is to start wholesaling properties. This does not require much of any marketing money to start and to get deals closed.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. (Not by using Google maps because they can easily be outdated pictures) 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 (not yellow letter because they are getting dozens of them) 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. Write it up as a personal letter.

When you do all that, 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. That typically is investors. Then again go to the assessors website and find their name and mailing address. Also do a name search on the assessors website to see how many other properties they own. If they own several they are obviously investors.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract. 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. If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

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

I hope this helps.

Steve Anderson

What info are you looking for about wholesaling. I have been doing that for 17 years.

I am an agent in Orlando and I still do wholesaling. All you have to do is tell all parties you are an agent. 

Hi Eric, welcome to BP. If you are looking for wholesale off market deals I have a few in the Tampa area. Contact me directly if interested. 

The quickest and best way to find qualified buyers is to either get this info yourself if you are an agent with MLS access or find one that is. Have them pull a list of all the cash buyers in the neighborhood the property is in. You will get a list of the houses that sold for all cash. Then go to the county assessors website to see who the owners are. Also do another search for the buyers to see how many properties they own. If you find an owner that owns multiple properties then contact them and tell them you noticed that they own a property at (address) and would they be interested in buying another house in that same neighborhood.