All Forum Posts by: Calvin Turner

Howdy,

My name is Calvin Turner, and I've closed 25+ traditional wholesale deals via sellers and cash buyers. However,  for this specific wholesale deal, the property owner continues to state that he'll only accept a seller-financed agreement, over a cash deal. Do you all have any recommendations for structuring an attractive seller-financed deal that I can wholesale to an end buyer?  Is wholesaling a seller-financed deal still possible with a TREC Agreement?

Property Details:

Vacant SFR, Corner Lot

Size: 3bd/2ba, 1,638 ft2,  lot size is 0.3 acres

Year Built: 1947

Repairs: $35K - $45K, Standard Rehab, Brick Exterior

Estimated Equity: 82%

Estimated ARV: $260K - $280K

Potential Purchase Price: $165K - $190K, the owner is 82 years old, and in the hospital, so he's very motivated to get rid of this property and he's flexible with the final purchase price

Contract Detail Recommendations

What should I place as the down payment, payment period, interest rates, etc.? Any recommendations for completing the TREC Agreement would be much appreciated. My ultimate goal is to assign the contract, and there's still meat left on the bone for the end buyer.

 Awesome awesome. We do a lot of deals in the Cleveland, Columbus, Akron, and Cincinnati areas, so that'll be very helpful

 Perfect! Thanks for the suggestion, I'll check out Ascendant real quick

I started my company, Turner & Partners, around two years ago, and we've primarily stayed within the Texas area. We've been branching out to Ohio, Florida, Illinois, Georgia, and a few more places.

I was hoping someone would be able to recommend an investor-friendly title company that can close my deals in all the states we do business in. Working with six to eight different title companies is ridiculous, so I’d rather streamline all of my deal with one title company. 

Any suggestions would be awesome! 

Hey guys, thank you so much for the recommendations. Teaming up with a realtor and utilizing various Facebook Groups sounds like a perfect place to start. Very worst case, I'll post an ad on Craigslist. I've had the issue of wholesaling out-of-state properties without adequate photos of the property, so these suggestions help. 

Hey there, I'm a real estate wholesaler based out of Austin, Texas. Our primary markets are larger cities within Texas, but I also wholesale in Ohio, Florida, Georgia, New York, Arizona, Illinois, Colorado, etc. 

Every now and then, I run into a problem securing photos of properties I get out-of-state, where the property is vacant, and the owner also lives out-of-state. 

Do you all have any recommendations for getting pictures of vacant properties that are out-of-state, and the property owner also lives out-of-state? Would you recommend hiring a bird dog or posting a small gig on Craigslist in search of photographers? 

I'm open to any recommendations. I appreciate it!