All Forum Posts by: Tim Bender

I love wholesalers, because they are my bird dogs, along with all the area realtors, title companies, lenders and attorneys. They refer every deal to me that they can’t close because of title and lien issues. I pay them a referral fee only if I buy the deal. Since I’m the only one that buys ugly titles in my area, they usually feed me about 10 new deals day into my pipeline and it cost me nothing for these leads.

I’ve bought numerous properties that I’ve never been inside, but I buy them at about 10% of appraisal from what I can see of the property. I’ve also bought them with hostile tenets in the property. This is where you have to put your mouth where your money is. You have to contact the brother and find out his motivation. Does he have a bad relationship with the sister or his deceased father, does he need money, mental issues, drug addiction? Every one has a motivator, you have to find out what it is and work with it to get him to move without gutting the house. I would make contact and figure out your solution before closing the deal if your in it for that high of a percentage unless a total repair job still works with the equity. I’ve hired movers for people that couldn’t get moved, given them money, found them new places to live, whatever it took. One piece of advice though, if you strike a deal to give him money to move, no money is handed over until he actually vacates. Also if you strike a deal for him to move, have him sign an “moving assistance agreement” which I can email you a copy. That way you have something in writing with him, so if you do need to go to court it will work out in your favor and you have more teeth to go after him with if need be. Good luck.