Flip This Wholesaler

Steph, that shot by King James was RIDICULOUS! Have a good weekend and happy buyer hunting :-)

Yeah, it was unbelievable- Michael Jordan-esque!

Hope you get a sunny weekend down there- it actually stopped raining here, finally. :)

Quick question. I have a deal from a wholesaler that I can sell to my Cash Buyer. What is the cleanest, best way to do this without giving my buyer to this other wholesaler? I like your blog and I read every post.
this would be my first deal. Thanks Jeff

Hi Jeff,

If it's not an REO, you can have the other wholesaler assign the contract to you, and then you can assign it to your buyer.

Thanks for stopping by,
Steph:)

So it is possible for a bank to accept a price lower then the BPO on a short-sale huh? I had always thought the price on a short-sale was always set in stone and not negotiable. Congrtas

Thanks Anon.

I don't know much about short sales- I just made an offer on this one after seeing it in mls and they happened to take it.

Steph

Hey, Steph. I saw that you wrote somewhere on flippinghomes.com that you made 117 offers before getting one accepted. What has changed since then? Is it a better understaning of your market that allows you to get many more offers accepted?

Thanks.
Brian

Hi Brian,

Yes, that is it exactly.

When I was first starting out, I was just throwing offers at the wall without having a clue what I was doing or where I needed to be at price-wise.

It's 20x easier once you get to know your market and know what your buyers are looking for.

Steph

Steph, I do the same thing you do in South Florida (Broward County). I need some advice on bandit signs. I see where you put out tons of signs and would like to know the following:

1. Where do you put them (near the properties, by busy intersections etc.)?
2. Do you have help with putting them out?
3. How long do you let them stay out (cause most cities here prohibit them)?
4. How long does it take you to put them out?
5. Which days of the week do you put them out (cause most cities here prohibit them)?

Thanks for taking the time to answer and thanks for your blog because you are a real example of the possibilities!

Hi Renee,

I put the signs all over the neighborhoods where the houses are located- intersections, stop signs, etc.

I put them out myself while I am out looking at houses, takes me about 30-45 minutes to put out 25.

I try to put out 50-70/week. No specific days, but I like to do it early before there are people out loitering in the streets (I work mostly in the hood).

I've never had a problem with code enforcement, and am not even sure if they are prohibited here. A lot of wholesalers here use them, so they are all over the place.

Hope that helps.

Thanks for stopping by,
Steph

Thanks very much for the response. I put out 20 signs Friday evening and went to pick them up Sunday. I only found around 4 of them...lol...i got a few calls though but am still waiting on an offer...

Have a great week!

Hey Renee, I'm in Broward county too. At least you recovered a few of those bandit signs! Typically we're able to recover 40-50% of our signs by Sunday evening but it depends on the city! For example, in the city of Sunrise they don't play! We can put signs up on Friday night and by Saturday morning they are GONE! They pay people to remove the signs over the weekend. We never received calls/complaints about them...they just remove them and call it a day.

Thanks for that...i take it u r a wholesaler too. We can market each others deals if you'd like...u can send me an email at properties@du-wall.com or u can post your email address. Hopefully we can do some business together.

Take care and have a great week!

Sounds good, Renee - just sent you an email. Let's chat.