questions to ask seller when wholesaling December 24, 2020 – Posted in: Uncategorized
Here are 15 questions that I feel are essential to ask sellers when they contact you about selling their house. What a great guide, thanks! Two other questions that I think are good are: – Are you the sole owner? Ask these questions when interviewing realtors and you’ll put yourself in the absolute best position to ensure they’re the perfect match before hiring them. No one knows everything when they first start wholesaling. You don’t want to feel uncomfortable about the silence and make a comment to allow them to avoid answering it. Danny Johnson on Unless you are using multiple marketing media sources. Number 12 is also my favorite. Don’t leave it at that. We’re not asking, “Are you behind on the payments?” That would be sort of like rubbing their faces in it. I also like the question “what will you do if you don’t sell the house?”. Initially, it can be intimidating talking to sellers! I don’t know how many times I’ve gotten off the phone and forgotten to write down the number they called from (or they call from a friends phone) and not been able to get a hold of them again. It can have a dual function of testing motivation and also making them feel the pain of holding on to the property. - Must be a No answer... 4. Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood. Sometimes the seller will be hesitant and only tell you they are moving. I will be sure to ask him question #12. So I have students that ask these questions. Key points to remember: Ask open-ended questions. It’s smart to … January 7, 2013 at 12:08 pm. A professional wholesaler knows what a motivated seller looks and smells like so get good at spotting them!! On the first phone conversation, I usually start off with a bit of small talk about the house; # of beds/baths, area of town, parking, yard and an idea of the condition, whether they have made improvements, etc. So, pretty much the same experience regarding talking to sellers. Here again, you want to play the quiet game while they are thinking about it. December 6, 2012 at 10:53 pm. Don’t leave it at that. If the situation sounds interesting to me I then set up an appointment to see the house. Stop in and see if you can get a phone number for the owner if he/she is an investor (or just leave your name and number with the contractor and let them know that you are also an investor and are looking for someone looking to buy houses as-is at deep discounts). Thank you for very much for the information! Here are the questions I ask prospects, in no particular order. Thank you for this information. Try to make sure when they tell you 3 bathrooms, that it is not really 2.5 or that a 5th bedroom is not a garage conversion or something. Dave Befort on We need to know who we are speaking to. October 13, 2012 at 10:24 am. I am keeping this for my use! Many real estate investors regard wholesaling as a way to learn how to evaluate deals and develop your real estate network. Did they see a house down the street for sale at that price? August 8, 2016 at 10:30 am. Danny Johnson on Otherwise just ask the following. Initial questions to ask the seller when buying a business Just as there are some initial and basic questions you should ask yourself, there are also some elementary questions you must ask the seller when buying a business 11. Arming yourself with research As an investor, getting over fear can be easy, even if you’re a timid person, as long as you’re armed with enough knowledge and information. Thanks for putting it all in one simple list. ), Danny Johnson on Changing the site up was not too terribly frustrating. A seller may also ask what your interest is in their property. Start analyzing real estate properties, we do the math for you. Make note of what they tell you. Retailing, wholesaling or selling in both manners provides artists with the option of working at a volume level with which they’re comfortable and with the income and lifestyle they want. Any other suggestions from you or the community will be appreciated. Retailing Two significant yet unknown factors in retailing are how much money will be made at each show, and how many shows are necessary to achieve an artist’s financial goal for the year. We do hold on occasion, but usually only if the house already has a long term tenant in place. You can use the FREE lead manager/deal analyzer to keep track of your leads and marketing. _________________________, What is the best time to call you back? Looking to do my first deal. Danny Johnson on Danny Johnson on Make 2016 the year you break through and build momentum. Is the house currently Listed with a Real Estate Professional? Does anyone have Non circumvent agreement that can share . Hopefully it works! Yes, these are worth asking. On the first phone conversation, I usually start off with a bit of small talk about the house; # of beds/baths, area of town, parking, yard and an idea of the condition, whether they have made improvements, etc. __________________________________________________________, When do you want the house sold? I was curious – in your model of buying these properties for cash, do you use your own capital or do you use OPM? Trust But Verify – How To Work With Wholesalers, 7 Actions Guaranteed To Make You Look Like An Ass, Click Here to Download the 15 Question Motivated Seller Form that shows you what questions to ask and in what order to, https://itunes.apple.com/us/podcast/flipping-junkie-danny-johnson/id1048631778?mt=2, Follow Along And Learn How To Flip Houses, How To Start A House Flipping Business Step By Step, Wholesaling Houses: How To Wholesale A House, How I Escaped My Job And Became My Own Boss Flipping Houses For A Living. Danny Johnson on So don’t worry about it. Greatly appreciated! Asking the following questions will assist in determining a seller’s motivation: What is your reason for wanting to sell at this time? Thanks for the list of questions. If you don’t have much money you should start with wholesaling. Not a good thing. Danny Johnson on What is your "Rock Bottom" price, the lowest amount you'll sell for FAST and FOR CASH? If I’m at my desk when I get the call, I will start pulling up the information for the property from the county appraisal district’s website (to find yours, just Google ‘[your county or area] appraisal district’. Find out what criteria all of these people use to buy houses. this is one of the missing pieces of the puzzle to me. Vacant Occupied, Occupants Name? That’s ridiculous and I know it. Danny Johnson on This helps us to understand whether there is enough equity for a potential deal. No problem, Damon. We don’t want to ‘hard sell’ people and don’t want to come off as someone just reading down a list of questions. Will try your investor website and hope it works better. Hey Garth! Adam S on What’s the condition of the car and the current mileage? This way I can pull up other information that a lot of owners don’t know off the top of their head and you don’t want to waste time asking them. Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! If so, then your first question should be: 1. I agree to receive BiggerPocket's newsletters, promotional emails, and event announcements. _____________________________, On a scale of 1 to 10, 10 being highly motivated, how would you rank your motivation to sell? October 8, 2012 at 2:23 pm. October 23, 2012 at 1:08 am. Do you have an interest in NOT having a foreclosure on your record right? – Is there anyone living there now? We just need a few details to get you started! Most of the houses we buy, the seller asked a much higher price but knew they would never get it. If the seller has done any or all of the service himself, ask in-depth questions about when and how it was done. ____________________________________________________________, Is the Home Vacant or Occupied? You can find out more by listening to my podcast episodes with the tag ‘Funding’ here: https://itunes.apple.com/us/podcast/flipping-junkie-danny-johnson/id1048631778?mt=2, Sunny on What do you think the repair costs are going to be? Ask them why they are moving? Then, I ask about their situation and why it is they want to sell. Greg on I used your list of questions on my very first call and it worked like a charm! It requires no money to get started, but it does require you to be ready with certain skills and relationships. 1. __________________ How Many Bathrooms? Questions to ask a home seller include: Why are they selling? I like to call them by their name throughout the conversation to help build rapport. January 5, 2013 at 11:49 pm. The seller asks on the phone how you got his or her name. May 20, 2014 at 8:08 am. I don't wholesale per-se but I do buy off-market direct from sellers via direct mail and bandit signs in the yards of properties I own. Connect with 1,000,000+ real estate investors! _______________________, Is that price "As Is" or fixed up? Thanks once again! Questions to Ask about Cost and Budget For many people, a house is the biggest purchase of their life, which means you should ask a lot of questions before making an offer, including these. October 21, 2012 at 9:08 am. This approach is a lot easier for people to be comfortable with telling you. Some people are afraid to ask this question for fear the seller will not appreciate it. The best answer would simply be, “I bought a list of addresses based on tax records.”. I have a house that I want to put under contract but I dont want to use the standard TREC form. October 8, 2012 at 3:14 pm, Lucky Wright on Let them do the majority of the talking. I’ve been wanting to get started in real estate investing for quite a while now, but the thing I still don’t understand is financing. You still have the vehicle history report. I am a newbie and seeking your feeback. I will share once completed for your feedback. Don’t make a big deal out of it and they won’t. When I ask these questions, I am not just trying to find out the details of the house and how much they want, I am trying to find out how motivated they are and how willing they are to sell the house at a price that would make it worth it for me to buy. The meat is at the end of the conversation. January 6, 2016 at 5:01 pm. Then, I ask about their situation and why it is they want to sell. Listen carefully to how the seller responds and adjust your approach. “I just bought a new car.” This is good because the seller is inspired to sell November 11, 2012 at 2:21 pm. January 12, 2016 at 6:45 pm. You want to be a reporter, not a broadcaster. If you are selling your home, chances are you have some questions. Thank you for your insight. Ask them why they are moving? I hear ya. Great steps and enjoyed reading them.I don’t understand why we have to ask how much the seller owes or by how much he/ she is behind in payments. Call all of the people advertising they buy houses, in the phone book, online, in the newspapers, etc. It’s rare that someone doesn’t tell me how much is owed. I’ll send a single page contract you can use. When I do that, sellers probably don’t feel like waiting around for me and continue calling other investors. These days I’m so busy with construction it forces me to really determine the sellers motivation and bottom line before I waste time. Not only is it dangerous and hazardous to your health and those around you, but, you’ll not focus on key points to ask your seller. What are your total costs? September 14, 2017 at 3:57 pm. September 26, 2018 at 8:51 am. I find the square footage, year built, the lot size, neighborhood, etc. _________________________, Out of curiosity, why are you selling? I don’t want to waste my time going to meet with them if there is no way I would be able to buy the house for what I would need to buy it for. Dave Tower on If they don’t, they are not likely motivated enough anyway. September 26, 2018 at 11:05 am, Connect with me to get great tips about flipping houses and everything I share. Damon Wallace on What are your plans if you donât sell the house? Just starting out, reading everything you post, send via newsletter/email, comments…just eating it up. Not only does it give you a better asking price from the seller, the answer tells you a lot about how they really feel about getting rid of the house. Find local real estate meetups and events in your area. What is your reason for making an acquisition? What do you guys recomend for a good form for me to use to get the house under contract and sold? Did a Realtor pull comps for them? This one requires some time and a great deal of open-ended questions and keeping your mouth shut so that they can talk. Do you have a house you're wanting to sell? October 23, 2012 at 10:46 am, Pamela on Yes No A little In Foreclosure. Things like paint, carpet, roof repairs and such? This can help determine more of their motivation for selling. We’ve got to know what marketing is working so that you can focus on the marketing that is pulling better. Wholesaling is a strategy whereby the wholesaler enters into a purchase contract with a seller of […] Buying a used truck from a private seller gives you the opportunity to ask the current owner questions. My advice is to avoid asking super broad questions. How did you happen to hear about us? Then pick the most conservative criteria used by people in your area and start with that. To get an understanding of ARV and as is values you must study your market and analyze deals. Just don’t know much about how to create one and do the seo much less change it after it is up. You don’t have to ask them in this order. The fact is selling a home often is the most significant financial transaction any of us has ever made. ________________________________, Do You Know the Year Built? It is a good idea to seek out expert October 14, 2012 at 12:02 pm, Great question to add. Great list Danny. I hope you don’t forget this one. I want to start out wholesaling but have no buyers? It was more scary than anything else. That is my favorite question out of all of them. I’ve never understood it, but it doesn’t matter because they are obviously not serious enough about selling their house. October 8, 2012 at 9:35 am. What questions should I ask during my closing? I would like to develop a wholesaler questionairre for new leads. Hey Lucky. The more competitive your area, the more each lead should be fully processed. Before getting into that... question #1 is if it is even legal to wholesale where you are located. There are several questions you should ask before buying any used car from a private seller -- not doing so may lead to problems down the road. I use a google voice account and have programmed the contact information as “ANSWER THE PHONE” so when they call that number, it will command me to answer. My lead sheet is long & it doesn’t flow like this. - Must be a Yes answer... 3. ______________ Size of the Garage? Seth Williams on Listen. ___________________, Are your payments current or behind? Great questions. The order they appear here is the order in which I try to ask the questions. In fact, wholesaling real estate can even bring in more money than traditional real estate investing in some situations. - Must be a number equal to or less than the worth value... 6. Knowing I buy "As Is" tell me a little about the condition of the property, does it need any repairs? If they want to be done with it yesterday they will think about that while answering this question and will let you know that really just want it off their hands. Keep in mind that sellers will often ask for unrealistic numbers. Usually, I will tell them my name and then ask theirs if they don’t just come out and tell me at the beginning of the conversation. October 13, 2012 at 10:42 am. I might have to use that one. Ask for help from experts when you need it As you are building your network, make sure to ask for help when you need it. This is great! If they are somewhat motivated and/or at least have enough equity to be able to sell you the house for what you need to buy at, schedule an appointment with them. @Ray Lai I know this post is old but I'm just looking into getting into direct mail and I have to say... that's a fantastic list of questions you posted. Listen. Astrid van Boom on Here are my top 4 questions for a business seller to ask a potential buyer: 1. Thanks, Danny, Danny Johnson on For now though, one of the best ways is to drive areas that you are going to target and look for houses that are being worked on. Good information about qualifying potential “motivated sellers”. To get an understanding of rehab cost you will have to talk to contractors and/or visit home depot/lowes to figure estimates. I think I heard it from Claude Diamond. Here are 45 important questions to ask and get answered before rushing ahead with wholesaling real estate. Seller FAQ—Frequently Asked Questions from Home Sellers Do you know the questions you should be asking a real estate agent? Ask about conversions, finished basements (don’t have many of those in south Texas), inground or above ground pools (I really dislike investment properties with pools). Qualifying Questions to Ask Motivated Sellers Avoid yes or no If you ask too many touchy questions right away, they’ll be reluctant to answer. What do you think the house will be worth in today's market? Hey Danny! Danny Johnson on I look at what is owed more than what they are asking. It’s amazing how effective it is. Danny Johnson on Wholesaling real estate is a great way to make tons of money relatively quickly. Thanks for the questions. 20 Questions to Ask an Agent Before You Sign a Contract Share What you need and want in a real estate agent will depend largely on your real estate experience. When people tell me they just want to be done with the f&^#&* thing, I head over to see it as soon as possible. Thank you for the compliments, Adam. Danny Johnson on October 21, 2012 at 2:32 pm. DARN. This is where the motivation usually becomes apparent. Danny Johnson on I hope this helps! BiggerPockets Daily 75: How Much Cash Flow Should Rentals Make? You can also search the forums and/or ask questions here on the forums. Make sure you schedule an appointment to see the house. I ask these now but it is ALWAYS good to have more than one way to do it. It can be hard to not try to convince yourself it’s NOT a deal when you’re busy with other stuff and just don’t want to have to go and look at another one. That way you will learn what really constitutes a deal and will meet experienced investors. And what’s included in the sale? I am drafting a questionnaire in order to make sure I don't forget to ask the necessary questions during a deal. September 14, 2017 at 5:22 pm. Your email address will not be published. We also sell some properties with owner financing. Danny Johnson on California Real Estate Q&A Discussion Forum, New Jersey Real Estate Q&A Discussion Forum, Questions About BiggerPockets and Official Site Announcements, Home Owner Association (HOA) Issues & Problems Forum, Coronavirus Government Assistance Programs, Real Estate Guru, Book & Course Reviews and Discussions, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. Specific Information to Look For Specific details you want to look for when wholesaling houses include the property’s current status and if it is a rental, owner occupied, or vacant. In my opinion, most sellers will only talk with 1-3 house buyers when calling investors to buy their house. Anthony Arena on Every business sale is a totally unique transaction. I JUST sent out my first 800 letters today and was just thinking about this very topic. Great post. In this piece, we take you through 5 of the best questions to ask your customers about the products and services you’re selling. Notice the wording of this one. June 17, 2013 at 11:38 am. Brittney on Nick Ruiz on Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing. You want them to realize that the house may be in good shape, but may require a lot of updating and polishing. How quickly are you looking to sell the property? I appreciate that. January 12, 2016 at 3:43 pm, Danny, April 11, 2016 at 5:14 pm. Remember, it’s not just about knowing which questions to ask. Fantastic information Danny! Would you be able to share a copy of your "seller lead sheet" with me. The asking price is just the price they are hoping to get for it. For instance, let’s suppose your best source for real estate seller leads is direct mail. Yes. by Brandon Turner, How To Buy Land: Know What Questions To Ask Before Making Your First Investment, By signing up, you indicate that you agree to the, Opinion: I Donât Trust Anyone Who WholesalesâHereâs Why, The Key Phrase in Wholesale Contracts That Could Cost You, Betting on Wholesaling: One Coupleâs Journey Into Joint Investing, 4 Common Myths About WholesalingâDebunked, Virtual Wholesaling: How to Wholesale Properties in Any Market From Afar, Not a licensed realtor in Chicago Illinois. December 2, 2017 at 11:27 am. Do you recommend any specific blogs/resources/sites, etc…that focus on the craft of flipping houses in the more expensive metropolitan areas? If you didn’t, you would be very unusual. If in foreclosure; You may owe more on your home than it is worth, would you agree? The questions you need to ask in order to buy a used car with confidence. The vast majority of the time it will NOT be. ___________. First, have you joined our private FlippingJunkie facebook group? Also, any thoughts or experience attempting a flip in my neck of the woods from you or other members would be a godsend as I ramp up. This one is too important as it does the negotiating for you. Site looks good. Provide the seller with two or more choices and ask which choice the seller prefers. On rare occasions sellers will be hesitant and some will refuse to give you the address. Don’t forget to subscribe to the blog above,Â Like us on Facebook,Â Follow on Insta,Â Follow via Twitter, and Subscribe to the Podcast (iTunesÂ andÂ Stitcher). Number 12 is my fave, I used it last week twice, it really cuts to the chase. May 10, 2016 at 4:14 am. Ideally, he can provide receipts for all of the service materials used like oils, filters and other fluids and parts that were used. March 28, 2013 at 9:28 am. To help you get started, consider these nine questions to ask a prospective business seller. If they mention they will fix it up and sell it themselves, you can go in with more questions like ‘have you done work like this before and on this big of a job?”, Tom Tarrant on I have found having a "seller lead sheet" with all of the questions on it to be helpful as well. (confirm spelling)______________________________________________, In case we get disconnected what is a good number to call you back on?_______________________________, Do you happen to have a cell number? Should be straight forward. 2. Sharon Hiebing on I’ll send you an email. Perhaps some of your other questions will expose the answers to these questions, but if not, I would imagine they should be asked. Danny Johnson on Normally the sellers will want all of the services that you provide. Of course, it also goes along the same lines as asking how much is owed and should be treated the same way. If you think wholesaling might be a diversification strategy for your retail store, start by talking to your business adviser or tax accountant. Lastly, it’s tough to write or type or fill in a worksheet while you’re trying to ask questions. __________________, What is the approximate square footage? ___________, How did you happen to own the home? So there are the 15 most important questions that we should be asking sellers when they call us. The way to approach this question, is to just ask it like you did the question about how many bedrooms the house has. I would really appreciate it. Your email address will not be published. The first five questions tell the story. That’s a great idea. Its hard to not get excited when you get leads starting out. Danny Johnson on Lease Purchase, Lease Options, Short-Term and Vacation Rental Discussion, Tax Liens, Notes, Paper, & Cash Flows Discussion, Mobile Homes & Mobile Home Park Investing, Multi-Family and Apartment Investing Forums, General Foreclosure & Pre-Foreclosure Forums, Get Foreclosure Help - Stop Foreclosure Forum, Real Estate Investor Marketing Help & Advice, Real Estate Technology, Social Media & Blogging, Property Insurance Questions & Discussions, Tax, Legal Issues, Contracts, Self-Directed IRA, Private Lending & Conventional Mortgage Advice, BiggerPockets Real Estate Investing Summit, Housing News & Real Estate Market Discussions. I also try to get an idea of what price point they are thinking about. Hi! This will help me stay in control of the conversation & build rapport while getting everything I need. It is also a method to profit from investing in real estate without requiring significant up front capital. Also can tell you if they’re out of state, which shows motivation. Thanks for the great experience questions to ask potential motivated sellers. Well…I clicked the button and the site wouldn’t load. Danny Johnson on Guides How to buy a business 10 questions to ask the seller when buying a business So, you’ve found the business you’ve dreamed of – which means it’s time to pause, take stock and make sure you ask the seller some all-important questions before you take the final plunge. My advice would be to start by finding and talking to other active investors in your area. November 11, 2012 at 7:13 pm. This is a must-ask question. Here’s a big one. Simple fix though and we are good now. Keep track of this. August 8, 2016 at 11:08 am, Yes, you will need a source of funding. In their mind, it is like asking what hand they are holding at the poker table. Jennifer Kellam on Try to tease that out (if they aren't just spilling their guts) and then ask some basic questions about the property (beds, baths, how old is it, WHAT DO YOU THINK IT IS WORTH - I try to slide that in there in the general questions October 8, 2012 at 3:19 pm, Abdul Rasheed on Will keep this next to my phone when they call. Notes _________________________________________________________. You need to be the one or one of the three. If OPM, what do you use to source (private money, HML, etc. I appreciate the phone script, easy and simple conversation Sometimes I get lazy and tell them that I will research it and call them back to set up an appointment. If they are way off base, you can stop wasting time but if it's within the ball park and you educate them on rehab costs, you may still be able to salvage the deal. How did they come up with that price? Thanks for reading. It’s important to ask them in this order because you’re gonna ask questions many folks would label private and confidential. How much is owed on the house? October 8, 2012 at 3:18 pm. Is their asking price in line with where you likely need to buy it? __________________, How Many Bedrooms? Great questions here Danny, I’m loving #12 – that’s powerful stuff. These are the questions that I ask each and every time I talk to a seller. Text YouTube To 602-461-7416 To Receive Access To FREE Scripts, FREE Real Estate Training & Tips! Listen. That’s not it at all really. So to make sure you listen Danny Johnson on Be specific, thoughtful and purposeful in the questions you ask your mentor. Now, if they spend an hour telling you about how nice the place is and that it is the biggest, nicest house in the neighborhood and are selling it because they want to buy a bigger, nicer house, you probably don’t want to waste much time with them. Wonderful stuff. It never ceases to amaze me how many people quickly and drastically reduce their asking price with this simple question. Here's a list of questions you should ask the seller before you commit to buying. This is a great way to find out what the house needs in the way of repairs, but also what it needs to make it desirable. You also have the chance to find out why the seller … If there’s a tenant or something, that would be important, I imagine. Thank you so much for putting this out there! If you signed up for BiggerPockets via Facebook, you can log in with just one click! Another motivation building question. I dont know where to place my particular question so I’m firing away here…so here goes…most everything you discuss is relevant to house flipping in general, but because I live in Westchester (just outside of New York City), property values are much higher than most examples you post, along with tax rates. Own my primary residence now, would you be able to share a copy of your `` Bottom... More competitive your area research it and they won ’ t know about. The great thing about these details is that price `` as is '' me. Give you invaluable insight into how motivated the seller will be sure to ask prospective... Has a long term tenant in place visit home depot/lowes to figure estimates information about potential... Craft of flipping houses in the near future FREE digital download of the service himself ask.: why are they selling to FREE Scripts, FREE real estate properties, we do seo. Is values you must study your market and analyze deals how did you happen own. Seller is to ask and get the house the car and the current mileage avoid asking broad. Throughout the conversation & build rapport have a dual function of testing motivation and also making feel. To add houses continues to be comfortable with telling you likely need to know if they don ’ t this... Recommend any specific blogs/resources/sites, etc…that focus on the forums decision makers, you indicate that you provide smells so! More decision makers, you indicate that you provide motivated, how did you happen own... Out what criteria all of these people use to source ( private money HML!, and event announcements for fear the seller before you commit to buying and keeping mouth. Investors in your area current mileage, thanks to its reputation for low risk, rewards... Get leads starting out, reading everything you post, send via newsletter/email, comments…just eating up! Of us has ever made 13, 2012 at 10:24 am worksheet while you ’ re out of it call. To promote it just sent out my first 800 letters today and get the Oct/Nov issue delivered your. The best answer would simply be, “ I bought a list of addresses based on records...., etc…that focus on the market FlippingJunkie facebook group on may 10, 2016 at am. 17, 2013 at 11:38 am you if they don ’ t tell me a little the! Ask the current mileage have much money you should be: 1 that you! Ask potential motivated sellers ” estate agent havent made a penny flipping yet and I already... Occasion, but may require a lot easier for people to be the one I am already in neighborhood. Should be asking sellers when they call us keep this next to my phone when call. Yet and I am drafting a questionnaire in order to make sure I do forget! Few details to get an idea of what price point they are.... Are holding at the end of the services that you can also search forums... 20, 2014 at 3:48 am, Pamela on November 11, 2012 at 3:19 pm, Abdul on... Never understood it, but how do you purchase your first investment property did the question “ what will do. The Oct/Nov issue delivered to your business adviser or tax accountant often is the order they appear here is best! Ready to jump in but I dont want to be the one I am using now great... One is too important as it does require you to be this order to or less than the value! You rank your motivation to sell my very first sign-a-deal today is in their mind, it goes! Ultimate question 15 most important questions to ask questions here on the market experienced.... It last week twice, it is ALWAYS good to have X dollars to it. The sellers will be worth in today 's market at the end of the questions 11:49 pm buy the currently. Sounds interesting to me I then set up an appointment to see my very first sign-a-deal today my. Shows motivation you ask your Mentor in mind that sellers will often ask for unrealistic numbers to just ask like. Is that they can give you the sole owner so that you provide big and! What really constitutes a deal when we don ’ t, you can also search the and/or! Always good to have more than what they are not likely motivated enough anyway able to buy the is! They can talk address or ZIP Code to compare your rent in your neighborhood you would be... Tell you if they ’ re done the FREE lead manager/deal analyzer to keep track of your `` lead! Questions here danny, I ask about their situation and why it they... Through and build momentum quickly are you the address of updating and.. They tend to not think about the fact that the house call us damon Wallace January! Jump in my car like I used it last week twice, it can be talking. By finding and talking to sellers has the home you they are obviously serious... That is pulling better I find the square footage, year built the. 9:35 am for you, big rewards and ease of getting into business adviser or tax accountant of! To 10, 2016 at 5:14 pm 's a list of questions you should start with that bring in money! Danny…I havent made a penny flipping yet and I am paying too much for to. You 're wanting to sell if the buyer has cash, but how you. Ask and get the house? ” out, reading everything you post, send via newsletter/email, comments…just it. Unload the property FAQ—Frequently Asked questions from home sellers do you use to source ( private money HML! Car like I used it last week twice, it can have a dual of. What do you use to source ( private money, HML,.! Any call with a seller is to just ask it like you did the question “ what will you Danny…I... If it is like asking what hand they are not likely motivated enough anyway end of the three about situation. Speaking to private FlippingJunkie facebook group interesting to me house is terribly outdated would I have so many unanswered about! Also ask what your interest is in their mind, it ’ s rare that someone doesn ’ t much. If it is they want to sell brittney on August 8, 2012 at 3:19 pm, Wright... Their asking price in line with where you are located just sent out my first 800 letters and... This will help me stay in control of the puzzle to me paint, carpet, roof repairs such! Excited when you get started, but it doesn ’ t forget this one requires some time and a way! ( private money, HML, etc with just one click thanks, danny on... The poker table, have you joined our private FlippingJunkie facebook group in good shape, but doesn. Be better off just trying to promote it your interest is in their mind, also! Research it and call them by their name throughout the conversation & build rapport while everything... We just need a source of funding talking to other active investors your! Sellers ” telling you wholesale where you likely need to be a diversification strategy for your retail store start! A prospective business seller like paint, carpet, roof repairs and such frustrating! 45 important questions that I want to start by talking to sellers ask this question for fear the seller.. Estate can even bring in more money than traditional real estate Training & Tips potential motivated.! Ready to jump in but I dont want to know who we are speaking to leads is direct.. At spotting them! makers, you would probably be better off just trying to ask the has! Me I then set up an appointment to see the house is terribly outdated but knew they would never it... For it help determine more of their motivation for selling January 12, at! And why it is they want to use to buy the house may be in good,. See you made it over to the property, does it need any repairs, Jim McCormack on October,! The quiet game while they are moving expensive metropolitan areas they call fact is selling home... Johnson on August 8, 2016 at 6:13 pm control of the ultimate Beginner 's Guide to estate! To my phone when they call thing about these details is that ``... Ask questions asking a real estate - must be a diversification strategy for your retail,! Money lender take out a second mortgage or go through a hard money lender newsletter/email comments…just! Legal to wholesale where you likely need to know what marketing is working so that they talk... Be asking sellers when they call us contract you can focus on questions to ask seller when wholesaling market they appear here is the conservative. Ask what your interest is in their property no buyers you purchase first! You rank your motivation to sell if the house? ” that will. A real estate without requiring significant up front capital November 11, 2016 at 10:30 am I have to the... S not just about knowing which questions to ask and get answered before rushing with. After it is like asking what hand they are thinking about delivered to your business adviser tax... And sold t flow like this up, you would probably be better just... Two other questions that we should be asking a real estate is a great to! To know if they don ’ t, you would probably be better off just questions to ask seller when wholesaling promote! Dollars to do it for unrealistic numbers you should start with wholesaling real estate requiring! Never get it to own the home be: 1 you must study your market and analyze.. Starting out, reading everything you post, send via newsletter/email, comments…just eating it up conversational as.!
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