HOW TO GET THAT FIRST DEAL DONE!

Hello Carol,

As always, great advice. I understand that the Buyer's Bucket should be constantly full, as we find good deals to fulfill their wants. Would you mind sharing some advice?
After listening to the EDGE 2013 recordings, I came to an understanding that the investor does not always need to have the buyer first, as long as the deal is a good deal, it should sell. Being that this is what I understood, I took the chance to get a property which I believe is a good deal. It is an FSBO in GA that is a 2/2, under 900 square feet, but can easily be a rental, built in an expanding area, with an equity of above 28K for the interested buyer, no rehab needed. Yet, I don't know what is the problem that it is not bringing any interested buyers calling or emailing me. I am in a panic because I am scheduled to close by August 2nd, and still do not have a buyer. As you can tell, I am a rookie investor, with my first out of state property to wholesale, would you mind giving me some advice, if any?

When it comes to knowing the contracts portion, which book and possibly, which page can it be found it, since I got all the books, I'll be able to reference quick of it. My because obstacle to overcoming fear is knowing where all the information goes on a contract, from mine, to sellers, to commission portion for realtor, to everything in between. So if you can help me in this I'll be up in running in no time. I have my business cards, my realtors, working on my cash buyers, but no clue nor confidence on filling out a purchase agreement with assignment of contract. Please help!

Love how you easily broke down the ABC's though. That portion helped me to be able to remember it in my brain for faster reference.

RELAX This happens to the best of us.

Send me the details in a message here on DG and I will see what I can determine about the deal.

First you should know that the Agent fills out the contract if you are dealing with a listed property not you... so breathe

Next Purchase agreements are pretty self explanatory as far as who's name goes where. The assignment contract is a separate contract that lists you as the "Assignor" and your buyer as "Assignee".

I am not sure the exact page but the purchase agreement info can be found in each of Dean's books. You just have to look in the Index.

Good Luck!

You are fantastic!

Thank you. Great advice.

I will do my homework on finding the pages in the index of each book, you'd just be surprised that me not ever reading too much into contracts, I'd have the slightest clue on what information of mine, seller, and realtor goes on what. But I will look into it. Thank you so much!

So good to see you on here. Thanks so much for the info. I wish you the best in your real estate endeavors. Can you PLEASE comment on how you build a power team remotely and find motivated sellers and cash buyers remotely ?? How do you trust total strangers as team members ?? How do you get photographs of properties so that you can understand what repairs will be needed ?? get your closings to go smoothly if your not there to smooth out the rough spots ??

Thanks very much,
WALT

STUDENT RESOURCES you can find Forms and Docs

I always love reading your posts .. Thanks !

Randy

Getting a team in place takes some effort but I start with the people right here on DG. Find someone in the area that you are looking to wholesale in and network. Offer them a % of the deal if you close on the property. They will take pics, do a skype walk through so you can see the property. You recruit and find an Agent in that area, find the buyer, handle the contracts etc...

As far as closing you find a Title Company or if an Attorney state you find the Attorney to do the closing. All contracts can be signed through email or fax so in reality you do not have to be at closing.

The best thing about wholesaling is that you can do it anywhere, in any state while you remain in the comforts of your own home.

I've been trying to wholesale in Denver for almost two years. The inventory has been crappy! It has been kinda stressful finding deals.

What's your advice on getting started with wholesaling long distance?

I know how to get a buyers list, know how to get motivated sellers (better if there is inventory), but since I haven't closed my first deal even at home it gets cloudy in wondering how to close long distance.

I have contracts too.

Any advice would be great.

Thanks!

reviving this one

This is a very good thread for investors looking to do their first deal!

Karen

Like I said, Thank you Carol for all the tips/advice you give. We need reminders like these every once in a while.

FOCUS on what you NEED to be doing and STOP EVERYTHING else!

Within 30 days you Can do a wholesale deal and cash in IF, IF you've Learned How and Can run numbers and Know the contracts.

If you don't know how to run numbers or don't understand the contracts, that's when you come back here for clarification and answers, esp. If you do a search on the DG site for it.

Is Denver's marett like Boise, where it's kinda competitive & wholesaling has slowed down?

why are you doing this. do deans 7 levels deep exercise search for it on here..

YES! Dean's 7 levels deep is a great tool to help you find your WHY. You need to know your WHY your in this so that it will motivate you when you feel like giving up. I suggest that each of you visit the link below and know your WHY

http://www.deangraziosi.com/emd/videm/7levels

Thanks Carol sometimes we ( and I mean myself, since I am not in everyone's head) over analyze things and remembering this helpful tip can ease the tension of am I missing something? Did I do everything the way it needs to be done? Will it work?

we all really appreciate your help.... thanks for giving back....

WALT !!!!