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Nike Leggings Flash

fake.

Somehow, bird dogging someone's property has become very, Nike Leggings Flash very popular. Why? Because all someone needs is a buyer's list. Actually, most of the bird dogs today don't even have that. What most of them do is stick your property on their website, or on a bunch of websites, and pass it off like their own.

Most wholesalers will go ahead and honor the ridiculous request and send over the contracts. Thinking the deal is done, they will stop promoting it, only to have a week or two go by with no signed contracts in sight. So, never send over any contracts. When a buyer makes this request, kindly explain that you prefer Socks Nike Dri Fit

Look, if I guy is going to be plunking down $50k+ cash to buy the house, then a few thousand bucks shouldn't be a problem. If it is, he's a fake.

Nothing is more annoying than having some Nike Shorts Pink

Just explain that you don't mind if he shops your property to his buyers. But, no way are you going to allow him to lock your property down while he does this. So, cut a deal (either a % split, or have him mark your selling price up) and then tell him to pull in a buyer. We'll make sure everyone gets paid.

OK, so what do you do with these people?

As a wholesaler, we're not against a guy bringing us a buyer. In fact, I welcome it. But, there is a protocol that needs to be adhered to. If you lie to me, and pass yourself off as a cash buyer, I'm not as likely to trust you. Bad way to start a relationship, Jack.

Nike Leggings Flash

2. He asks you to send him the contract to sign.

Nike Leggings Flash

Nike Leggings Flash

So, to protect your time and reputation, here are three dead giveaways that the "buyer" you're speaking with has no intention of actually buying your house, but wholesaling it to someone else. Oh, and let me preface this list by explaining that I'm referring to new buyers not one of your regulars that buys houses from you each month.

So, this guy whom you've never met or spoken with before, sees your bandit sign or online ad, and wants to buy the house, sight unseen. Doesn't happen. Your go to, regular buyer may. But, not someone you've never done a deal with before. In fact, you may need about ten deals with a buyer before he will travel that route with you. And, most still won't.

to meet in person to get the contracts signed and collect the deposit.

Nike Leggings Flash

3 Ways To Spot A Fake Buyer

1. He wants to buy sight unseen.

dude see your ad somewhere, contact you and express interest in buying your property and then turn out to be a Nike Shorts Zipper Pocket

Happens all the time. Much more than it used to

Nike Leggings Flash

Which brings me to my next red flag

Any "buyer" that refuses to give you a deposit of at least $1,000 is not a buyer. He not only will not be buying your house, but he will take weeks trying to find a buyer, tying up your property the entire time. The earnest money terms are non negotiable. It's a non refundable deposit, made out to the title company. And, if you fail to close, I keep your money and move on to another buyer. The only part that's negotiable is the amount. My rule of thumb is, if your selling price is under $50k, a thousand bucks is fine. If it's over, then I need at least $2k. And, if your property is super expensive (for a wholesale deal), like $250k or more, don't be afraid to require $5k down as your deposit.

Nike Leggings Flash

Nike Leggings Flash

Saves a ton of time and effort. Much more efficient

Nike Leggings Flash

Even though the deposit check is written out to the title company, he refuses to put any money down. Or, and this one really cracks me up, he offers a deposit of $10. Give me the world's biggest break, will ya? Am I wearing my Ronald McDonald costume, or something? What do you take me for?

Look, these guys are sinking thousands upon thousands of dollars into an investment that, if it doesn't work out, could crush their business. One bad deal could be disastrous. And, they aren't about to take that chance. What takes them all of an hour, total, including travel time, to walk through a house, could save them tons of money and headaches later.

3. He refuses to give you a deposit.

Nike Leggings Flash

Nike Leggings Flash

This is a huge red flag. As a wholesaler, you always want to meet your buyer in person when he is signing contracts and delivering deposits. Again, it takes almost no time whatsoever to get this done. In fact, I take all contracts, copies and addendums with me whenever I show a house. That way, if they want it, I can write up the assignment contract right then and there, and collect a deposit. I kill two birds with one stone. And, I can then deliver all of the docs and the check to the title company on my way home or back to the office.

Nike Leggings Flash

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