How to Advertise your Wholesale Property to Investors!

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Presentation transcript:

How to Advertise your Wholesale Property to Investors! by Cathy Crowe The logo displayed on this title page is of a television program, and is protected by copyright and/or trademark. It is believed that the exhibition of low-resolution images of logos qualifies as fair use under United States copyright law. Any other uses of this image may be copyright infringement.

Location of Property Address if you only want to share Area of town (i.e. suburb city, section or area) Nearby conveniences (stores, schools, medical facilities) Nearby comforts (parks, walking trails, play fields) Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition Details of the current condition of the property Link to pictures (pictures say a thousand words!) State specific conditions (accurate descriptions) Foundation and settlement (cracks, floors sloping) Roof (age if known, worn shingles, turned edges, patchwork) Water leaks (ceiling stains, floor stains) Electrical panel (note age and type) Plumbing (look under sinks and hot water heater) Windows (condition, type, and style) Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: Flooring (type and condition, cracks in tile) Kitchens Appliance age and condition (name appliances present) Sink and faucet Countertops Cabinets Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: (cont.) Bathrooms Condition of tub, toilet, and sink Condition of floor Condition of walls Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: (cont.) Living areas How many Usefulness (need to open up, light, outlets) Dining areas Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: (cont.) Laundry Describe amenities (cabinets, closets) Garage How many cars Rear, side, or front entry? Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: (cont.) Bedrooms How many? (split) Describe amenities (cabinets, closets) Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Condition (cont.) Details of the current condition of the property Cosmetic updating specifics: (cont.) Landscaping and Fence Condition Is there a pool? (working equipment) Patio or porch? (cracks or repairs) Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Property Repairs Needed Only advertise repairs if you have actual estimates from a contractor! Do not give specifics on repairs unless you have accurate details and descriptions of what work needs to be done. In your property descriptions, a true investor should be able to seek out what repairs are needed. Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Offering Price This is what you want for the property, and should include your fee. This price could be negotiable or non-negotiable, depending on your personal business model! Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

After Repaired Value (ARV) You must know your comps (both sales and rental). You can give comps through MLS, or services such as Investway or Propelio. Be accurate and make sure you are giving apples to apples! Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Taxes and Insurance Put link to tax record. From homeowner, find out how much insurance they are paying Ask your local insurance rep for an insurance quote (ballpark) Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Time Frame State closing date Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Title & Earnest Money State Title Company (location and closer’s name) Amount of Earnest Money If title is open and any expected problems Heirship affidavit/probate wills Divorce decrees Bankruptcy Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Lending List any lender you have presented deal to and details of any financing they offered on property. Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Potential Profits Do not discuss or guarantee any potential profits on a deal! Factors to take in account for potential profits are: Carrying cost for holding time Utilities for holding time Taxes and Insurance Unforeseen repairs and expenses Weather Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Summary of Contract Prepare Summary of Contract form. Do not give a potential investor buyer a copy of your contract! The following are the points of the contract that you are purchasing through an assignment of contract: PROPERTY ADDRESS: _________________________________ SALES PRICE: _______________ THE TERMS OF THE CONTRACT CALL FOR THE SALE TO BE CASH. Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Summary of Contract EARNEST MONEY: _________________________ TITLE COMPANY: _________________________________ TITLE POLICY PAID FOR BY: BUYER_____________ SELLER _____________ Survey to be paid by buyer if needed. Closing cost: ____ Seller pays own ____ Buyers pays all closing cost CLOSING DATE: ________________________ Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Summary of Contract SPECIAL PROVISION: One or more of the buyers Principals may hold a Texas Real Estate License This is a cash offer to seller. Buyer may purchase this property through a pre-established line of credit. A property appraisal will be done prior to closing. Access to property will be required. Seller is to insure property is vacant and in broom clean condition prior to closing. If property is not in broom clean condition, Seller will pay $500 to buyer for cost of clean up and hauling off trash. Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Summary of Contract The following is the addendums that we have with the contract. ____ x ____ Lead Based Paint ____ x ____ Owners Disclosure Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

Disclosures Please put your disclosures on all advertising All Star Home Group Realty is selling an option or assigning an interest in a contract and does not represent, warrant or claim to be the owner of or currently possess legal title to this, or any of the properties we market for sale. All properties are subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is, with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and earnest money received with all contingencies removed. All Star Home Group Realty is a real estate investment firm and are licensed real estate brokers or agents in the state of Texas. For more of our disclosures go to www.InvestorDeals.com Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com

About Cathy Since 1990, Cathy has worked with investors with single family rehabs, rental properties and multi-family properties. Through the years she has wholesaled over 1000 houses, rehabbed over 300 houses, sold over 100 notes, and held numerous rental properties at various times. As a realtor she has participated in the sale of over 100 multi-family properties, package deals of single houses (2-150) and multiple listings of properties of all sizes and price ranges. In 2002, she started DFWREIN (Dallas Fort Worth Real Estate Investor Network) that taught and over 8000 investors until July 2008 when she sold the company. CATHY CROWE Office Address: Email: Phone: 8330 LBJ Fwy, Suite 610 Dallas, TX 75243 Cathy@AllStarHomeGroup.com (972) 807-9754 Contact Us: 8330 LBJ Fwy., Suite 610, Dallas, TX 75243 www.AllStarHomeGroup.com