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Updated about 7 years ago,

User Stats

7
Posts
2
Votes
Greg Phillips
  • Wichita, Ks
2
Votes |
7
Posts

20+ properties for sale by owner

Greg Phillips
  • Wichita, Ks
Posted
I think I need some insight on this Okay so this is my first post here on bigger pockets and I pretty much have been reading forum after forum here at this site to get a better understanding of investing. Which has definitely opened my eyes as to how much goes into real estate. I’ve had a desire to get into wholesaling and eventually fix and flip but I have a full time job, two young boys and a stay at home mother to provide for so it’s kind of hard to find time. Long story short... I started to reach out and try to find deals, investors and motivated sellers. Today I inquired about one property and I came across somebody that had a loved one pass away and is moving across state. They own 20 rental properties and wants to sell all of them as soon as they can. He emailed me a spreadsheet of the properties, they’re addresses and the monthly cash flow of each including deductions for taxes and insurance. How would an experienced wholesaler go about perusing this seller? All the properties are Fsbo. I believe and have a feeling there’s opportunity here. Do I need to research comps and arv on each property and visit each on individually? try to find an investor to take on every property? Co-wholesale with a more experienced wholesaler??? I believe all the rentals are occupied besides 3. Any insight or advice would be greatly appreciated!

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