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All Forum Posts by: Anthony P.

Anthony P. has started 0 posts and replied 67 times.

Post: North Carolina Meet: Raleigh, Cary, Chapel Hill, Durham, Apex

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

Date and time still work for me.  Thanks for organizing.

Post: Raleigh, Cary, Durham and Chapel Hill. NC. North Carolina.

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

Thanks for organizing!  Looking forward to it...

Post: Determining how much you make on wholesale deal?

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10
Originally posted by @Anthony P.:
Originally posted by @Daniel Lipetzky:

Everywhere that discusses wholesaling talks about being able to make $500-$20000+ on wholesaling deals. Common basis for pricing things out is of course the 70% ARV less repairs. My question is how you go about determining what you will get paid for the deal? Is it just a matter of feeling things out and trying to maximize it without being excessive, do you do a certain % of the overall cost, or something else?

@Daniel Lipetzky It absolutely depends on the deal and how you structure the deal. If you're are presenting a deal that is actually at 70% ARV less repairs, the investor will not care how much you are making on the assignment. I go into every wholesale deal with the expectation that my cash buyers net more profit on their flip than I do on the assignment.

The HUD will reflect the assignment fee. I have been at every closing where I have assigned a contract over. I have never had a homeowner question anything. Be transparent at the front end with everyone and the closing will go smooth.

BTW if you come across any 70% deals in Raleigh, PM me.  I don't care how much you make on the deal.  If it's in my target area,  I'll take it...

Post: Determining how much you make on wholesale deal?

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10
Originally posted by @Daniel Lipetzky:

Everywhere that discusses wholesaling talks about being able to make $500-$20000+ on wholesaling deals. Common basis for pricing things out is of course the 70% ARV less repairs. My question is how you go about determining what you will get paid for the deal? Is it just a matter of feeling things out and trying to maximize it without being excessive, do you do a certain % of the overall cost, or something else?

It absolutely depends on the deal and how you structure the deal. If you're are presenting a deal that is actually at 70% ARV less repairs, the investor will not care how much you are making on the assignment. I go into every wholesale deal with the expectation that my cash buyers net more profit on their flip than I do on the assignment.

The HUD will reflect the assignment fee. I have been at every closing where I have assigned a contract over. I have never had a homeowner question anything. Be transparent at the front end with everyone and the closing will go smooth.

BTW if you come across any 70% deals in Raleigh, PM me.  I don't care how much you make on the deal.  If it's in my target area,  I'll take it...

Post: Probate wholesaling help

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10
Originally posted by @Brandon Monaghan:

My local courthouse told me that I can not use estate probate records for self gain. Would using them for finding motivated sellers be considered self gain if I'm helping them liquidate their property? I was asked multiple times why I needed the probates and I said for research but I can't use that same excuse forever... Any suggestions?

 A research project could start with historical and current data, and could require future data that would keep you on a research project for quite some time.  Build some rapport! Start bringing in morning donuts or coffee with every request :)  

Post: Subject To

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

@Paul North check out BP Podcast 070 with Grant Kemp. He is a good resource for Sub2 purchasing and mortgage wraps. He has a lot of knowledge in this area.

Good luck!

Post: First Property Decisions

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

Where are the properties located?  Zip Code, neighborhood...?

Post: Raleigh, NC. TREIA vs. Others?

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

@James Hutson I'm a member of TREIA and would recommend joining. I'm an active investor in Wake Co.  PM me and we'll catch up for coffee or lunch.

Post: How do you frame what you do on a resume

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

A resume to me is more than a job description.  Be sure to include RESULTS.  

Post: Wholesalers: please follow up on your leads!

Anthony P.Posted
  • Financial Advisor
  • Raleigh, NC
  • Posts 71
  • Votes 10

@Andrew S.   serious cash buyers are hard to find as well.  Contact me with your buying criteria and I will partner with you to find your next investment property in Raleigh, NC.