All Forum Posts by: Bradley Babineaux

Correct

I’m sorry I should have been more clear. I’m trying to wholesale a property. And there is a listing agent. 

but do i need to compensate the agent

I was womdering how the process was to work with an agent rather than the seller directly?

use the rent to pay mortgage? and have someleft over for repairs and expenses. I can afford the monthly note, if Due on sale is called no

I am currently working on trying to wholesale my first deal. I am shoppping the property to potential buyers. If this falls through, I am thinking of just taking over the mortgage myself in a subto deal. The issue is the property needs a good bit of work and I dont have the capital to do the repairs, like a roof replacement. Would it be smart to take over the property,do all the minor repairs myself to make it liveable for a tenant and get the ball rolling on rent and save up capex to do bigger repairs later? 

Thanks in advance!

yes I can email you some 

112 Habetz Loop Rayne La 70578 3 bed 2 bath 1686sq ft Seller finance infoPayoff-$118,805.Monthly note: Principle-$295.74 Interest-$374.05
Escrow(taxes and Insurance)-$279.50
Fees-$26.79 Total monthly-$976.08
Roof has never been changed.Condensation paint peeling in the living room by vents.Will need paint, floors,TLC.Liveable, no visible soft spots in floor or ceiling.Concrete on driveway by road is broken up due to roots from large oak tree.Has large side lot that is fenced in, big enough for another dwelling

Seller wiiling to do Subto deal or sale outright

Comps run around $160K

Rental Comp is $1500/month

I have a potential home I am trying to wholesale/get the seller out of the mortgage

The seller is divorced with children and I would like to run the numbers of the property to experienced buyers so I can see if it is a deal or not.

Contact me if interested. Thanks

Hello all. I am here to find a person who may be willing to mentor me on starting out with wholesaling. That's what I would like to start out with to build capital and my dream is to have a portfolio of propertoes in the future. I have educated myself really well on wholesaling but I feel like i need someone who is experience to get me to the next level. I live in Lafayette Louisiana.

Thanks for your time!