All Forum Posts by: Benjamin Blackburn

Thanks @Account Closed 

Do you have any tips on what to tell the seller?  Should I just tell her flat out that it would be best if you were not at the house at the same time of the buyers?  I just know she is going to question that and wonder why?

Hey @Aaron Treloar yes she knows I am wholesaling it.  She knows that someone else will be purchasing the home.  I just didn't know if it was a common practice for her to be there or not.  

I have a property under contract and a few buyers are wanting to view the property.  Should I just set up a time for all the buyers to come at once?  Also, how should I approach the seller?  Should I just tell her that inspectors have to come over?

Also, Is it bad for the seller to be there?

Any advice would be great!

Thanks

Hello Everyone,

I picked up a property over the weekend.  

Asking: $95,000 ***Cash Purchase Only***
ARV $140,000
Rent Comps: $1200- $1500
Repairs: $18,000
Foundation issues,drywall repair, little updating
4/2.5/2 (detached garage)
2,143 Sq ft.
Lot Size: 7,068
Built in 1977
Owner Occupied, Please respect the owner

$1,000 Deposit locks in the deal.

If you are interested please call me at 713-742-2577

For more pictures click the link:

https://www.dropbox.com/sh/gt1760ym6ts04u9/AAC8WuX...

Hey @Zachary Gwin I completely wrote down the wrong date for the video submission.  I hope it can still be considered.  Thanks a lot!

https://www.youtube.com/watch?v=ERrFTZ7ZGt0

I believe there is a maturation period of a year, before you can refinance a conventional loan.  I'm not 100% sure though.  I'm curious as well so I'll keep an eye on the thread.  Good luck with everything @Michael B.

@Abdul Azeez Am I reading this right. Your monthly HOA fee is $386?? Or is that your annual cost?

@Kami S.

Will do!  

Hey @Account Closed I really appreciate the info you provided.  I am looking into everyone's tips.  Also, you made a very good point about calling buyers instead.  I will actually be doing both. Well actually all three.  Emailing, texting and calling.  Thanks again

@Brett Goldsmith The property has about 40% equity.  After doing research on what @Charles Biter said about "Equity Skimming" I don't think I will be moving forward in the transaction.  

Hey @Charles Biter , If she decides to not want to move back into the home then it would be no problem in me going forward with a wholesale transaction correct?