Sorry to get ur panties in a bunch. I have that effect on people. My smart mouth has got me in trouble sometimes and often regret what I say and do. But on the bright side, I’ve made a ton on money by not taking crap and by jumping in when I shud be more cautious.
My intention was to piss off those real estate bureaucrats and to confront them with the BS they handed me. I’m sure right now they are up to here with their self importance and wud come after me with a vengeance, if only they could.
I won’t be needing an Attorney to operate a legal wholesaling business despite threats from these ignorant pencil pushers.
I have never heard of wholesalers stealing properties, a cash offer is made, seller accepts and signs the contract.
I used to be a wallflower afraid of my shadow. that didn’t get me anywhere.
Take control, make friends, make enemies, & have fun.
Let’s make some Money…
Good stuff, thanks for sharing Javipa. Question, when do something like this with seller financing how do you go about getting perspective buyers? Do you try to line them up first? Thanks again,
Drew.
Before I had my first house under contract, I was as nervous as a pregnant nun, that I wouldn’t find a buyer fast enough, or without having to make giant house payments for several months, while I scraped up a buyer. And my nightmares came true.
That was before I learned to market a specific house to a specific buyer in real time. Once I learned to do that, it made no sense to build a buyer pool. Each house was unique and would appeal to a unique buyer, and lo and behold none of them happened to be on my buyers list. Notwithstanding, buyers have a short shelf life, and aren’t worth collecting.
I just saw a great example of a terrible ‘seller financing’ offer on craigslist yesterday.
The investor (evidently) contracted to sell a listed house on terms, and he had about five different ads saying roughly the same thing about offering 30-year financing with 10% down. That’s fine, but that’s not what gets buyer’s excited. The investor left out the exciting things, and assumed his seller financing trumped all that.
From the feedback I get, buyers are as leery of seller financing offers, as they are of free candy from the guy sitting in the windowless van in front of the school.
So, my offers must appear legit; focused on a specific buyer; and reflect a real deal. Failure to do these things, and I might as well build a buyer pool. At least I’ll feel more secure as I fail to characterize my houses, and pitch mis-fit buyers.