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All Forum Posts by: Tom W.

Tom W. has started 1 posts and replied 41 times.

Post: Out of state motivated seller

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Awesome job Charles Kuchlenz! Just take everything step by step, and if you have questions dont hesitate to bring them here. Also there is a thread where @J Scott has a excellent report where he explains getting the correct ARV. I am sure it will help you. Or you can use the search bar and look for past post on ARV also. Keep it up

Post: Out of state motivated seller

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Charles Kuchlenz, Does the seller have a key? See if they will mail it to you. Or possibly give you the rights to access. I have had sellers tell me they have no keys, no body with keys and wont come to town to help me get inside. I get them to give me written permission to access property and then I call a locksmith.

Hope these ideas help.

Post: Out of state motivated seller

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Hey Charles Kuchlenz, I would try to search any online resources, or maybe realquest ( I think they offer a per search type product now where you only pay for the search you used). Realquest is very good info and they get their info from the county. Closest you can get without getting access to MLS.

Also if you can try contacting a realtor who will or can help you with getting MLS comps or their opinion on what they think a like property is worth

Post: First Potential Wholesale Deal In The Works

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

It cost the title company money to pull a full title (they can do a prelim search and look some stuff up if its online) so they usually want to make sure you have somebody who can close so they dont get stuck with a bill for a property that will never close. You could also pay for it.

If your title company has a good relationship with you they will pull it for you no problem. I would say get a buyer lined up and then bring both contracts to them. Good luck

Post: New Investor - Florida

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Welcome Gerald, Lots of good info and great people to be found here. Dig in and and post questions and get into dialogue. Best use of site. Lots of activity in south florida also. good luck

Post: New Realtor/Investor in DC suburbs

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Welcome Dacia, DC is a great place to invest. Hoping to get up there in the coming months. You will learn alot on BP and with your realtor services and mindset I am sure someone will take you up on your offer.

Either way, stick around and good luck!

Post: Out of state motivated seller

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Check out the house, come up with your number (not sure if you need help with ARV, Comps, etc as it wasnt mentioned.) Tell the homeowner what you want to offer or put it in writing and send to them.

Once they sign, if priced right and a true wholesale deal you will get find a buyer (which can be another question but plenty of info in other threads). Get contract with them, open escrow with Title company and they will coordinate closing with sellers, they dont have to be local to get completed. Explain to sellers you will make as easy as possible

Hope that helps

Post: Ready Set... Action

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Great Stuff Tony Cavalli, With you sticking this out I really believe you will reach your goal within the next couple months. Just have to keep the leads coming!

Also check out your website, I am not any type of expert and dont even have a website of my own but my initial reaction after landing on your page is the big ocean picture should be moved up or resized and have your content above the fold. Also I have seen many people include a fill in type form to capture info for people who have a house to sell.

Post: Line of Credit to purchase??

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Fire damage rehabs can add up pretty quickly. What does some fire damage mean? Have you dealt with before? If not make sure you take a contractor very experienced in rehabbing fire damage homes to help you through this.

Post: Possible first (well second) deal

Tom W.Posted
  • mia, FL
  • Posts 43
  • Votes 3

Arthur Banks, Maybe I am looking at it wrong but what is your preferred exit strategy? I see you mention that the seller is a wholesaler also or am I reading it wrong.

Are you looking to co-wholesale or to buy as rental? As a rental it seems good from the info provided but you should definitely see it in person. Hope that helps, and good luck!