All Forum Posts by: Austin Wood

Can anyone walk me through the process of buying houses for the back taxes in Ohio? How is this done? What are some pros/ cons? Any info would be spectacularly appreciated. Thanks in advance!

What are the steps needed to get a property (house or land) under contract? How is this done with no financing secured? For purposes of wholesaling (stay out of this John, lol) can you walk me through what I need to do to accomplish this? There must be some barrier to entry to getting it under contract?

You guys were so helpful last time I posted that I will come here from now on for any and all questions! My question relates to wholesaling. As someone starting out without a real estate license, what do you think a good strategy would be? Ive found 2 cash buyers so far, so my problem is trying to figure out how to make money in this process. Should I actually put the property under contract first and offer it to my 2 buyers hoping they want the deal so I don't have to back out of the deal? Or is there a way to give these deals away (without putting it under contract) and make a small cut until I grow an impressive buyers list and have some contacts? What would you do and in what order? Your input is EXTREMELY appreciated! Thanks!

Thank you everyone for your input! What an awesome community this is! 

@Casey Zace I Messaged you

@Colton Fairchild thanks for the reply Colton! That’s the attitude I had when I began, but as I went along I found that they weren’t even interested in the cash flow once they knew the purchase price. Weird!

Hello BP! Im here because I need advice. There is a duplex and a triplex in Wooster Ohio selling for 69,900 each, and I want to offer 130k for the two of them. Monthly cashflow is $3445 combined. I have 20% to put down (gift) and a 680 credit score. The problem is that my debt to income ratio is too high to qualify for another conventional loan (income from my first duplex doesn't count for another 1.5 years because I haven't been a landlord long enough), and all of the hard money lenders say these properties are too cheap for them to lend on. Where do I go from here? Thanks in advance for your responses!