All Forum Posts by: Jacob Beemer

Hi everyone, so I am in the process of my first home to fix up! Pretty excited and ready to start this adventure! But I am in a little situation and was thinking maybe someone could help me out or have a trick of going about this. The house I am looking to buy is 45k. It was a sheriff auction now lender owned. I put my first offer in at 30k (this house has to be gutted). They denied it and countered at the original price of 45k. I even put 500k Earnest money along with taking the closing cost. Second offer I went up 5k and offered 35k, with 1k earnest money and this time asked to split the closing cost. Denied and countered with the original price. So I am going to offer 40k today along with 1k earnest money and have them pay closing. What do you think? I really want this house since its an a really nice area of town. Any help or tactics would be appreciated!

Thanks!

Hi everyone. I am looking to get a FHA loan for my first property. I know the bank goes after how much debt you have, but the only debt I have is my car in which I pay monthly on it. And the bank where I have my car loan with also offers FHA Loans. So does that benefit me since I already have a loan with them? Its our local Credit Union in Cincinnati. I have already paid off one car loan with them 2 years ago. So I do have history with them. I also have 10k saved up and a steady job. Thanks

Hi everyone, I am going to be applying for an FHA loan here soon. My question is should I get a credit report before I go and apply? Or have the bank run it? Also I was reading about AnnualCreditReport.com. Is that a legit site? Just wanted to know before I start entering my information. Thanks!

Thanks everyone who have posted so far! Very big help! I will also be attending the REIA meeting Thursday. Any other help or suggestions would be appreciated! Thanks again!

Sean you are not throwing a wet blanket on my dreams lol. I really needed that advice and I thank you for that! Since you are a wholesaler would you know anyone that would be willing to train me? I want to do wholesaling the right and legal way. Thanks for the help!

Darrin I was already planning on coming lol. But do I need a license though to wholesale?

I just read that I have to get a Wholesaling licenses. Where do I go about getting that? Thanks

Hey everyone so I am fairly new here. I've been on here since 2014 I believe just on and off. Recently I have been reading about wholesaling. And it's getting me excited!! I just want to learn more really/understand the process better. I've read a few articles on here about wholesaling. One of my questions is do I only deal with private sellers? Or can I still wholesale a house that has a Real Estate agent. Or can I wholesale any house that's for sale? I am just a little confused on that part. I am also trying to get a buyers list set up. I would like to hopefully get a couple of wholesale deals this year and just learn the process. My ultimate goal is to rehab homes and either sell them or rent them out. But after reading about wholesaling I would like to give this a try first, since I read that wholesaling is a good starting point for any investor. How much does a wholesale usually cost? Also for my buyers list I am from Cincinnati, Ohio. I am about 45 from Dayton so I could always look for houses up that way too. Thanks!

bump?