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All Forum Posts by: Stephen Morales

Stephen Morales has started 12 posts and replied 344 times.

Post: Where Do I Find a Deal??

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

Strictly from a time management perspective, having wholesalers find you deals is the way to go. If you really want as much equity as you can possibly grab, is normally best to negotiate your own deals with either FSBOs or pulling targeted Seller list to find your next off market deal. 

Post: How to Vet Wholesalers

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Rick Albert:
Quote from @Stephen Morales:
Quote from @Rick Albert:

I've been in real estate for a long time but historically used Realtors and of course there is direct to Seller.

I see wholesale deals come across all the time but how can you vet them? The last thing I would want is to wire money and it ends up being a scam. 

Could I require to use my choice of closing attorneys? Could there be any other requirements as a form of protections? Especially because most of the wholesalers I speak with want properties non-contingent, adding another layer of risk.

Thank you in advanced.


 Hey Rick, 

Since you are the Buyer you can have the choice to use your title company. I would have anything to do with that transaction to go through your title company of choice. Are you looking to find deals in your local market where you can physically go see the property? 

Most of the time we do non-refundable EMD after you walk the property. You should never put up EMD without seeing the property or having someone you trust see the property first.


 Got it. I'm seeing some wholesalers wanting to use their title company and this is out of state but I have some people I trust there to check things out. 

Thank you!


 I would say most wholesalers have escrow open with their title company of choice but at the end of the day your paying the closing cost so you should be able to choose who you want to close and purchase title insurance from. 

Post: Off Market Opportunities

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Stephanie Lopez:

Hi Everyone!

I am a licensed real estate agent and I run my business on the traditional side and investments. I acquire off market properties for my clients and have a brokerage who specializes in obtaining off market deals. We work in all different regions and price ranges!  We are always looking for clients who want an extra source of inventory. Let me know if you have questions or want more information on how to get on our buyers list!


 Hi Stephanie, how is your team and brokerage currently sourcing your deals? I would love to connect. 

Post: Why You Should Buy Off-Market Deals (And How They Changed My Investment Strategy)

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

Getting off-market deals from referrals is the best! 

I would encourage to consider allocating some resources to finding off market deals proactively by targeting niche properties in your area and doing some type of outbound reach whether that's cold calling or direct mail. 

Great post @Jenni Utz

Post: Off-Market Deal Tactics: What's Your Go-To Strategy?

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

@Dexter Florendo Kalai Aspacio

The easiest way to get into it would be building your own targeted list and cold calling. You would definitely want to use a triple-line dialer to make calls or hire VAs. We find that our users have the most success recently with high equity properties with certain additional filters stacked. 

If you decide to go this route I'd be happy to provide some insight. Good luck!

Post: Understanding Off Market Deals: Strategies & Benefits for Investors

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

Great post @Hector Surratt Sosa

Thanks for sharing, we should connect! We provide Free access to off market property data and list building. 

Post: Off market owner phone numbers

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

@Nate Williams

Sounds like you need a good skip tracer to help with finding these phone numbers you need. Sending letters to addresses certainly doesn't hurt but just remember to keep the cost in mind. Happy to answer any additional questions you may have!

Post: Before I did my first investment I wholesaled about 20 DEALS!

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Matt Agnew:

Why Wholesaling Real Estate is the Perfect Opportunity for Investors Looking for Off-Market Deals

If you're an investor looking for below-market properties with built-in equity, wholesaling might be the best source for your next deal. As a real estate wholesaler, I specialize in finding deeply discounted properties and passing those opportunities to serious buyers looking to fix and flip or build their rental portfolios.

What Makes Wholesale Deals So Attractive?

  1. Off-Market Properties – Many wholesale deals are sourced before they ever hit the MLS, meaning less competition from traditional buyers.
  2. Discounted Prices – Since wholesalers negotiate directly with motivated sellers, investors can acquire properties well below retail value.
  3. Fast & Easy Transactions – With a well-structured wholesale deal, you get a property at a great price without the hassle of extensive negotiations or marketing.

Looking for Your Next Deal?

I consistently come across off-market properties that I assign to cash buyers, flippers, and buy-and-hold investors. If you're interested in getting access to exclusive deals before they go public, let's connect!

That's the way to do it! Great Job Matt, let's connect!

Post: Finding Undervalued Deals in Today’s Market

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

I've got a several buyers in my Buyer's List that need 5 deals minimum per month. They don't do any advertising and all of their deals are brought to them by wholesalers. They attend local meet ups and put themselves out there as power buyers. 

They all have great systems in place and have no need to do their own lead gen. I will also say their spreads are a little thinner than your typical fix and flipper because they do much more volume than most. 

Otherwise, if you're going to source your own deals with cost and time in mind - I would say hiring cold callers and pulling a list of targeted sellers is the best way to go. Their are some great products out there and some will even let you build your list for free without a subscription. 

Post: What's your go-to strategy for finding investment properties?

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Leslie-Ann Powers:

Finding the right investment property can be challenging! What strategies do you use to identify potential deals? Do you rely on networking, online listings, or perhaps driving for dollars? Let’s share our best tips and tricks!


Well #1 I think is going to be your professional network. I would attend local meet-ups and REIA events to network with wholesalers, investor friendly realtors and other connections that can help you find great deals.

If you want to do your own acquisitions there are many different strategies like SEO, Mailers, Outbound calls, PPC, PPL etc. 

You can utilize a property list building site and pulling a list of targeted sellers. We see a lot of our users seeing success with pulling high equity deals in addition to your typical distress indicators. I would check us out! It's free to sign up and we don't do subscriptions. If anything it's a nice free tool to look up properties you need quick information on for deal analysis.