HI TO EVERYONE,
IM A NEW INVESTOR, WANTING TO KNOW IF ANYONE CAN HELP ME WITH THE WHOLESALING PROCESS... I THINK I HAVE A JEST OF WHAT'S TO BE DONE BUT IF ANYONE CAN ADD, CHANGE, OR CORRECT WHAT I'VE WROTE SO FAR, WOULD BE GREATLY APPRECIATED
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FIND THE DEAL AND/ OR GET A LEAD BASED ON WHAT AREA I WANT TO FARM
***WHAT’S THE APPROXIMATE DISTANCE U NEED TO BE IN TO FIND WHERE’S YOUR TARGET AREA THAT U WANNA INVEST IN?.. -
EVALUATE TO DETERMINE IF ITS A DEAL (WHAT ALL SHOULD I CONSIDER)
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THEN MAKE AN OFFER USING THE FORMULA… ARV TIMES 70% MINUS REPAIRS MINUS PROFIT= OFFER PRICE
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SUBMIT OFFER… GET ACCEPTED… GET UNDER CONTRACT VIA EMAIL, FAX, OR IN PERSON
A) WHICH CONTRACT DO I USE? ***ANY SAMPLES THAT PPL R USING RIGHT NOW IN TEXAS? OR ANY GOOD RE ATTRONEYS IN DALLAS THAT CAN PROVIDE ME WITH ONE? -
CREATE OR ALREADY HAVE BUYERS LIST TO SHOP TO…
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GOT A BUYER… ACCEPT CONTRACT W/ EARNEST $$$
(***WHAT CONTRACT DO I USE HERE)
A) HOW MANY DAYS DO I GIVE THE BUYER TO CLOSE IN THE CONTRACT TYPICALLY? -
SO NOW I GOT TWO CONTRACTS IN PLACE… I GO TO MY TITLE COMPANY AND DO A DOUBLE CLOSING (IF REO OR LENDER, THEN USE WET FUNDS)
A TO B CLOSES AND B TO C CLOSES THE SAME DAY>>>> WHAT DOES THAT MEAN EXACTLY?