We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
May 19, 2022, 06:28:42 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
May 19, 2022, 06:28:42 am
Home Help Search Calendar Login Register

Author Topic: getting started wholesaling again what documents do i need, letters?  (Read 1949 times)

Offline theamericandream

  • Member
  • *
  • Posts: 8
trying to get back in the game since 08-09  , want to start with reos the maybe foreclosure curious what documents do i need again in my toolbox these days , hard money letters etcs ? thanks   

Offline Randoskie

  • Member
  • *****
  • Posts: 1282
Re: getting started wholesaling again what documents do i need, letters?
« Reply #1 on: August 24, 2019, 02:20:17 pm »
I've had the best luck wholesaling with privately owned fixers. Working with banks (REO's) and sellers facing foreclosures can be futile..
I can offer you a free booklet and the contracts I use. just PM me.   Rando

Offline amitch6886

  • Member
  • *
  • Posts: 11
    • We Buy Houses Fast in Dallas
Re: getting started wholesaling again what documents do i need, letters?
« Reply #2 on: September 08, 2019, 04:00:00 pm »
Things have changed quite a bit from 2008-09. Many of the banks will not seller to investors any longer so you may be wasting your time with REOs.  I am in Texas and this is the case here. We also do not see many deals on MLS any longer so we are trying to find motivated sellers directly. Its tough but where the market is today.
Adam Mitchell - Owner
We Buy Houses Fast in Dallas
www.webuyhousesfastindallas.com

Offline Alex Capp

  • Member
  • **
  • Posts: 88
    • Brotherly Love Real Estate
Everyone is leveraging technology and new tools much more to find deals now. Text blast, RVMs, etc. Remote wholesaling is also more common than it is now. People are tying up property over the phone site unseen, which is super impressive. Faster paced in that sense!
Brotherly Love Real Estate
We Buy Houses in Philadelphia. BLRE was started by two childhood friends with a dream of flipping houses!

Offline SteveKay

  • Member
  • **
  • Posts: 96
    • We buy houses New Orleans
I agree with Rando that the game has changed and REOs probably aren't the go to right now (that might change if the cycle turns). Direct to owner is where most of the deals are now. As Alex says there are lots of new technology to try and reach those owners. Good luck and let us know if you have specific questions.
New Orleans Investor
https://homebuyerlouisiana.com

 




SMF 2.0.15 | SMF © 2017, Simple Machines