*read up on wholesaling from several different sources (Robert Kyosaki, Russ Whitney, and this website)
Just a suggestion, but you may want to find some different materials to study. Try stuff specific to wholesaling from people who actually do it. Whitney and Kiyosoki are probably pretty generic info. I would suggest Vena Jones-Cox or someone similar.
*did the "driving for dollars" and found 11 boarded up houses (obviously I plan on finding more)
Again, just a suggestion, but you would probably get farther quicker with a more efficient lead generation system. Check online…there’s plenty.
*located all the info on those houses through my county tax assessors office online
You’re really doing a lot of extra work with no clue whether or not you have a deal. Again, more efficient lead system.
*attempted to contact the home owners via phone, no such luck
see above
*post cards are going in the mail as soon as all my ducks are in line
see above
*contacted 2 buyers so far
Based on other replies, many will disagree…but why waste time with this when you do not even have a solid deal? Your time is very valuable, especially since you are also working a 9-5.
*looked at the comps on zillow.com
Again, time wasted…you havent even been able to reach the sellers yet.
*contacted several different realtors, but none seemed interested in working with me after I told them what I was doing, and explained to them that I would not be willing to sign a buyer/agent agreement
Pretty understandable
*had a reservation to meet with my local REICLUB this month, but had to cancel do to my employer not giving me the time off from work (I really can't wait until I can fire my boss so I can do this full time)
Just keep in mind that most of those associations are filled with scared newbies who will probably never do a single deal.
The things I am still hazzy on is the title company and closing agent.
Does the closing agent work for the title company?
Closing agent works for the title company or is a subcontractor for title company.
Who's job is it to find a company to close the deal; mine, the seller, or the buyer?
You always want to work with your title agency because you have a relationship with them i.e. they are more likely to help you. Also, as a wholesaler you want to keep a tight thumb on every part of the transaction to solve all of the problems that will inevitably pop up.
Also should I be working with a realtor at this time or would it be a waste of there time?
Waste of their time and everyone elses. Probably would muck things up even more than necessary if history serves an indicator.
One last thing…you may want to consider using a state realtor purchase and sales agreement. You won’t need to waste money on an attorney reviewing it that way. Attorneys muck things up about as bad as realtors. They create problems to solve them to justify their existence in the transaction.
P.S.- I noticed a reply saying you should use an attorney to close your deals. In my experience, for whatever that’s worth, things will go much smoother with a title agency than an attorney.
Best wishes,
Sean Flanagan