Wholesaler Commercial Funding Tip #2

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CRHORG writes, Jul 26, 2008: (3 posts)

Wholesalers,

We had a lot of feedback on our “Tip of the Week”-Don’t wear out your Real Estate agent. So we thought we would start a real system of “Tips”. We realize that most “Gurus” give you a little information for A LOT of money. We are not here for that. We want “real” people doing “real” deals. We are not, “Give us money for this 4 hour show” and then now “Give us more money for the real explanation”. Sorry, that is NOT our business. We have been there, done that, but we are different and we are active. We have the money to show you how to simultaneous close and we have large packages of properties to play with all over the country.

Now, to the “tip”. DO YOUR RESEARCH ON DEALS.

I bet you asked yourself, is he kidding? No, I am not. I had a newer wholesaler tell me about a deal in California. At first, it sounded great and I was willing to divulge the process of how to move it correctly and I could hear the excitement on the phone. I asked her if she had done some research of the street and the surrounding 1/4 mile of other foreclosures and she said yes. So I asked her to explain. She said the house across the street was significantly lower than she had hers under contract. I then asked her why didn’t bid against the bank instead of a owner occupant, she said she heard that was the best way to do it. She had to let the contract go after that information was given to me. We are here to help people to succeed, not fail. We have now got her attention and we are helping her full-time. She almost lost money on that one.

So, again, DO YOUR RESEARCH before putting it out to the public. You can subscribe to this feed to keep up with all the tips.

Happy Wholesaling and have a great weekend, Clayton R. Hicks