All Forum Posts by: Jeremy Ferguson

I have put out some feelers to friends and family but nobody solid yet that I would feel comfortable taking on a large project.

well then just do it. From my experience converting print marketing to web is very challenging. If you send out 1000 letters 10 people may make it to the landing page. Try giving them a compelling reason to go to the website.

As we get closer to flipping out first property I am curious how mat of you go about finding a good General contractor. I work in the software business so I am well aware of the challenges when reaching out to 10 people for a job, 6 probably won't even respond, the other 3 will flake out at some point.

I want to hit the ground running with a good team or a general contractor that is reliable and has good connections.

1. If you're in or around the Raleigh, NC are and want to share some contacts, please PM me.

2. If you have any tips or suggestions I would highly appreciate it!

@Dustin DuFault

So just to be clear, every person that you are marketing to will have their own unique landing page that they will be sent to?

The term for this is Hotlinking and is Bad. Don't Do It.

Hotlinking, or embedding other people's images from their server in your posts, is considered theft. But on the other hand you will only have 1 person going to each page.

http://en.wikipedia.org/wiki/Inline_linking

If you're going to use their image, upload it to your site and provide a link back to the source.

A developer could write a simple script which will download all of these images for you. Then upload them to your server.

thanks for the feedback

@Account Closed

I have  come across a very motivated seller that keeps calling me back wanting me to come out and see her property and the manufactured home/ trailer she is selling. Her husband just passed and she is looking to move out quickly and head to FL closer to family. So I will be heading out tomorrow to take a look and hopefully make her a fair offer.

I have started looking for comps but can't find many similar units that have sold in the past 6 months. She is out in a rural area on about an acre of land, it's not a park. How would I determine a starting point or ball park. 

I am still new to REI and only have experience with single family homes at this point. Any help is appreciated.

My goal is to wholesale or if I can get her down low enough I will pay cash and either flip it or rent it out.

@JD Monroe you can find some good contracts on here in the Fileplace. There is one specifically for wholesaling so you can assign the contract.

You can just say to the seller that you or one of the investors you team up with, will purchase the property and if you want to point out that line in the contract.

Good luck!

@Clifton Walker first we need to determine what "much equity" and "decent profit" is from your post above. If you stick to the formula:

ARV x 70% - repairs - your fee = your offer

So say you have a property with a $100,000 ARV and the seller owes the bank $87,000.

With the seller only having $13,000 in equity, there is no way they can let this property go for any less than what they owe. This is the spread that @Will Barnard mentioned. This is what you and the buyer will be splitting. In this example I gave, I would walk away.

Now let's say the scenario were a bit different and the seller owed $30,000. Now you have a little more wiggle room between what the seller owes and the ARV. Not to say the seller will always let the property go for that amount but that's a good starting point if they're motivated enough.

Hopefully this helps.

@Carson Sweezy  Definitely add your name. I agree that adding that you're buying houses on the front might be helpful. Maybe a line above it all that says "Have a House?" .. then go into "Need to Sell?

Just my initial thoughts. Otherwise this looks great!

When you say "there are no buyers that buy in those areas" have you spoke to buyers that have specifically said they will not buy property in that area or are you having trouble finding buyers altogether?

What methods have you tried to find buyers?