All Forum Posts by: Brian Feltz

Juan Espinosa Welcome to BP. If you have questions, this is definitely the site you want to be on! There are a lot of members here from Michigan too, so setup your keyword alerts for "michigan" and "Kalamazoo" so you know when someone is talking about your area. Good Luck!

Stan Butler Im just asking because I am trying to be one of the "good" wholesalers. So many people think of wholesalers as people trying to pull a fast one on others. I try to be open and honest and completely transparent, which is why I have been rejected by 2 real estate agents lately trying to get a list of expireds and recent cash transactions. I told them I was currently a wholesaler with plans to hold or flip in the future. They said they do not work with wholesalers. Now, I couldve told them I was a real estate investor and I am looking to purchase multiple properties in the near future... but that wouldnt have been completely honest. They probably wouldve worked with me, but that didnt seem right.

Stan Butler To what extent is a wholesaler supposed to determine holding and rehab costs? It is not know how long the property will be held before sale or how the buyer will sell (if you have worked with the buyer before, yes you probably know if he sells with a realtor or by other means).

I can give buyers the taxes and the average monthly utility costs for them to determine their holding cost. I can not factor in the cost of their financing because I dont know how much their money costs them.

Typically I will give a list of any rehab that will be needed and any rehab that would be nice. The buyer has better means to figure those costs than I do. I mean, I could give estimates of what I could get them repaired for, but my estimates will be way higher than someone who has their own crew or who rehabs in quantity because I am sure I am not getting the absolute BEST rate quoted.

Paul Routsaw Welcome to BP. There are plenty of members in GR and Michigan. Michigan seems to be pretty active for Investors!

Mike Wulff Welcome to BP! You definitely came to the right place!

Jenkins Ramon I know. Dawn A. mentioned it to me as well. Unfortunately it is at 8:30am on Thursday. I am unable to take time off of work due to a tight schedule on a project this week. D*mn JOB!

Dawn A. You wont be disappointed! Look forward to chatting with you and Kay Mays! Orlando Centeno should also be there!

Donte S. Be honest. Bring REAL deals. Dont be in it just for yourself. Creating Win-Win-Win situations may not be the most profitable for you, but will build the best relationships which in turn grows your profit potential.

Well, yesterday I spent the evening driving around some neighborhoods. I found a few "For Rent" signs in the area of my duplex and called them. 2 of them never answered, no voicemail, no nothing, they just rang. 1 was a message stating that if you called this number, the new number is xxxx instead of xxxx and the number he gave for the one that was changed was not even the number I called originally so that was messed up. The "New" number is an out of state one, so Ill call that today. The 4th one I called, his voicemail box was full, so I couldnt leave a message. Ugh! 0-4 on calling for rent signs. But I did find a few prioperties I am interested in following up on. Just drove around looking for properties that have been neglected. Went home, did some research and found a few are preforeclosures. Could nto find a phone number for the owners though, so I will either have to stop and knock on the door or send out a letter.
Happy Monday Everyone! :)

Bryan, this buyer is part of an investment group planning on buying 10 properties a month. So he probably figures if the time doesn't work he's on to the next one. I saw a few for rent signs a couple blocks away. I was planning on calling them, but to see if they want to sell. I suppose I could see if they want to buy also.