All Forum Posts by: Tim Herndon

@Lance Korsun

Good question - both! I make all cash offers and then if that's not accepted I start structuring "terms" offers like owner finance / option / lease purchase. One the cheaper houses I try do do 0% interest and warp them with another mortgage.

@James Floyd

What types of properties are you looking for? The beaches is a difficult area to find low LTV deals. What other areas are you looking in?

@Lance Korsun

I don't buy from the auction sites because they are mostly REO's and other stuff from the MLS. I market directly to motivated sellers and all of the deals we get are off market.

@Jeff G.

Good question. I just keep it simple. For Example: " I saw you had a property for sale onlne. If it's still available and you are negotiable on price please call xxx-xxx-xxxx." This weeds out most of the retail buyers and also indentifies if they are somewhat motivated.

I use a "local" analytic tracking number and the calls are recorded and forwarded to a voicemail I have set up for this. You will get a lot of calls and the last thing you want to do is spend all of your time on the phone. I do this twice per week!

@Jeff G.

In regards to problem one - hangups:  If they are mobile numbers you could try Slybroadcast 

http://www.slybroadcast.com

You can record one message and snet it to everyone at one. This service bypasses their ringer and goes straight to voicemail.  

It only works on mobile numbers and if you're not suure you can run them through Search Bug and sort them once you get the .csv file back. It's a $5.00 minimum but you can search something like 1,000 numbers for that price.

http://www.searchbug.com/api/identify-phone-number...

I developed this strategy on my own for FSBO's and it save a lot of time!

@Yvon N.

You're welcome. I thought that was the issue because it happened to me too. Glad it worked! I can show you how to find cash buyers there too - it's a little tricky but I figured it out.

@Yvon N.

What browser are you using? Listsource recommends Internet Explorer which sucks! They don't like Chrome. This could be the problem!

@Chris C.

I am in! Please don't forget to invite me to the meeting/call.

Thanks!

@Benjamin Hauser

The Seattle market is tough and expensive! I'm sure you already know this but it's hard to find great deals there and the entry point is much higher than Jacksonville - like 3-4 times more. 

Jacksonville has a properties to flip as well as better cash flow because the properties are priced so much lower. 

I wish you luck in Seattle and if you are ever coming to Jacksonville look me up and I'll meet with you and discuss the market here. I am buying 4-6 properties per month.

@James Floyd

Congratulations on finally pulling the trigger! I am a wholesaler here in Jax.  I see you are in OP and I went to high school there. I  just wholesaled a property in OP near Blanding Blvd and Aurora Blvd.

Are you going to be flipping (rehabbing) these properties or holding them as rentals?

Maybe I can show you how to find better deals than the auction sites? Let me know if you need any help.

@Larry Fried

Reverse Wholesaling is basically building your cash buyers list first, then surveying those buyers to find out what type of properties, areas, price ranges, condition, etc they are looking for. Then targeting your marketing specifically in those ares to find exactly what they want. It's more about building relationships with strong cash buyers. Your not just posting to Craigslist and the whole world to sell properties because they are already sold as soon as you get them. In regard to wholesaling it's the best strategy.