All Forum Posts by: Account Closed

Is there anyone willing to provide me with a template wholesale contract? All of the sample contracts I've come across online are intimidating and I don't want such a contract to scare off my seller. This is my first deal so there's a possibility that it's just me but I want to keep it as simple as possible.

Thanks in advance.

@Mitch Messer

Interesting perspective. I agree with you there.

@Mitch Messer

Thanks my man. I'll check it out for certain. Any personal feelings on the whole ordeal?

Anyone like to share any thoughts on the anticipated slashing of interest rates by the Federal Reserve?

@Lauren Kormylo

Thanks a ton for the link. I was going based on what I've seen but I did not do my due diligence in research.

@Michael Baum

I really appreciate all the time and effort you put into replying to my post. I assure you that it will not be in vain. I will thoroughly look into turning profit on this property now. Thanks again.

@Michael Baum

I own it and it's literally right on the water. There was a fishing dock that extended out into the water that fell down some time ago.

My lake property has water and sewer connections. It consists of a living area, 1bd/1ba and a complete kitchen. It would need an entire remodel to make it liveable and/or lease eligible.

Fortunately, the taxes are very cheap so it isn't a burden but, if it's stagnant, it is an unnecessary expense.

@Avery Carl @Ken Latchers @Michael Baum

It's a small lake area located in West Texas called Lake Colorado City. The nearest community, Colorado City, TX, has a population of just over 3,000. The economy isn't exactly flourishing and many areas of the lake have dried up so there isn't much tourism either. Thank you all for chiming in.

I inherited a lake property that isn't worth very much and it's in really rough shape. It's not your prototypical vacation property, it's more of a retirement community that just so happens to sit on a lakefront. Some of the surrounding properties (mobile homes) have been cleared and replaced with small cabins, which I'm sure they're attempting to lease recreationally, to no avail. I haven't had any offers yet. Hold or sell? Any and all feedback is welcome. Thanks in advance for your time and replies.

@Dan Falcon

Great job and thanks a ton for sharing the inspiration my man.