All Forum Posts by: Mary B.

As a wholesaler I am looking for the best deals for my end buyer per their specs and to secure a nice chunk of profit in the process. There's no reason for me to contemplate the financial terms of my end buyer during rehab; its useless in every aspect. My clientele are cash buying investors. Its not good time utilization pandering what they'll pay per month in expenses, fees and whatnot or even worse what their end buyer will want or have to pay per month etc. If you crave stress become a landlord.

Kudos,
Mary

How about just not approving their application and keep it moving. You don't have to give a pamphlet on your reason(s) why they'll not be new tenants of yours... just say no and continue to shop the property.

Kudos,
Mary

Clarifying what I meant to state was an investor cash buyer is expected to be able to close with an all cash purchase in up to 2weeks for the most part yet no longer than in 4weeks. Hopefully you're not just looking at the 25% earnest money that you'll secure should this potential buyer fail to come through with the financing in that 90 day timeframe.

Being as though they're not an investor they may not understand that they will lose their monies and it can become an issue in a court of law as a result...

Kudos,
Mary

@Chris Martin - I was thinking the same thing on the civilian part, lol.

@Junior Salters- Obviously its contingent on getting financing on the balance. No matter if its an investor or not that makes an offer to purchase You have to decide if the terms work for you or not. They'll likely need to secure HML if not private funding. However you can always get a back up buyer just in case or continue to search for a better buyer. An actual cash buyer will be able to make a full payment on the agreed upon price all cash. Yet if it doesn't work for you to hold the property for 90dys then you will continue to look elsewhere to make the sale.

Kudos,
Mary

Allegheny county, PA is quite popular for possession very spacious large houses for super dirty cheap pricing when in distressed conditions.

Have you researched the average time on market for that section of town? From what I've learned the demand is to be on the outskirts of Pgh (Monroeville, Plum, Penn Hills etc) not more than 15-20min away but not in the city limits as far as retail home sales go. Unless you plan on section 8 or lease/purchase(possibly to another investor) I don't know about this one...

Kudos,
Mary

Hey George,

Maricopa county is a beautiful area. Much of that area has stabilized but opportunity often is what you make. Much success to you and welcome to BP.

Kudos,
Mary

Hello and welcome to the BP family...

Kudos,
Mary

I've had not so good experiences with BBB recommended companies. If no one reports a complaint the BBB will give a good score. Yet unreported doesn't mean its a grade A company and with those confidentiality contracts there won't be any reporting allowed. ripoffreport.com can be helpful...

Kudos,
Mary

You can be any kind of real estate investor while having a full time job as long as you are willing to put in the work you will find success in this business. Sometimes it takes a good while (many months)before you get to closing on your first deal or it could happen within no time at all. Hanging in there is an ability for the serious investors not the Ionlywanttowetmyfeeters....

Kudos,
Mary

@Brian
You hit it on the head there. Timeshare sellers are probably where those REI mentoring programs adopt their policies from....

Kudos,
Mary