All Forum Posts by: Account Closed

Thank you and I will. I have 17 years experience as a full time investor and always willing to help others overcome the objectives that hinder them in doing deals. There's plenty of deals out there for everybody!

I am in Orlando and I am doing wholesaling all the time. I use a title company that uses my buyers funds to pay for my purchase. That is only needed when I am doing a double close. If I'm assigning my contract there is only one closing and my buyer provides the funds. I never have to use transactional funding.

Then you are going all about it the wrong way. You really need to focus on a specific area. Why 100+ units?

Yes you can but you will need someone in the area where the property is located to look after your interests. As an example I am in Orlando FL and I am working with a Canadian investor that bought one of my houses. I sent him all the details of the property, did a skype walk through of the house. The I helped him close the deal. Now I set him up with a company to do all the rehab work and when he is ready to sell the house I will set him up with a company to sell the house. 

My advice to new investors is to start wholesaling properties. 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 (Not by using Google maps because they can easily be outdated pictures) There should be some.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

yes I am and it works. 

None that I know of. Why all over the country?

Dustin, I don't see your email info on your profile. Please click on my picture and you will see my email. Send me a message by email and I can do that for you. I can't do that here.

My advice to new investors is to start wholesaling properties. 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

If you make an offer and the seller accepts it get it under contract immediately! Don't worry about other investors. If you get the contract signed then file with the county a 'notice of contract'. DO NOT file the actual contract. This will cloud the title and the seller CANNOT sell it to someone else.