All Forum Posts by: Chris Dilworth

This may be a silly question, but I need a little clarification on wholesaling. 

Hypothetically, say I have access to a large buyer's network and I need to find good deals for them. Once I have located the property, agreed to a price with the seller and have a contract, do you have to show proof of funds or put up money at all if you can assign the K within the inspection period? I understand the beginning and end of the process, I'm just foggy on the details in the middle, which are the most important. 

I've never done wholesaling before, but I have an opportunity that I don't want to go to waste. Any insight would be helpful. 

Thanks

I just finished listening to this podcast, and WOW, this is my favorite one so far (I'm listening to them all from the first one). I just had to post here to say thank you to Ben for his inspiring story. You came off as sincere, determined and unflappable. Your perspective on toughness is that can only be obtained by experience. 

I connected so much with this particular podcast because I recently lost my father to ALS, where my mother and I were his primary care givers. We were already pretty poor so when he had to stop working we became homeless for a time. I don't mean to go into the entire sob story (I'll save that for the day that I'm on the BP podcast discussing my triumphs), but I just really wanted to say that you inspired the hell out of me. The way that you attacked life after life attacked you is the stuff legends are made of. I wish you continued success. 

Sometimes, in the daily grind of life, we forget to keep perspective. This podcast help to refocus mine and to remember that I'm here to live a life worth living. 

Happy Friday, all, and Cheers!

I recently moved from 800 North Capitol, which is a historic rehab of the old Litho Press building by TWG Development. They bought the building for, if i recall correctly 750k and put 16 million into the development. I believe there are 100 units in the building. The owner is a former real estate attorney at ice miller, which is where I almost ended up. Great guy and firm to work with. 

In terms of opportunity, up and down capitol there is a ton of development opportunities for multi-family and higher, not so much residential. The building right across from 800 North Capitol was abandoned for years. Someone tried to put around 30 apartments up and the project went sour. A developer acquired it last year and has given it a total makeover. The only hiccup is that they have to have Sec. 42 housing available to get tax credits and preserve a bunch of the building to get the historic tax credits. The reason why they aren't market is because the banks are still iffy about lending for market projects. Last I recall, there is a market project going up where the old market square arena was, which will feature a whole foods. 

I say all of that to say this, if you have an investor group, or, if you have the funds yourself, rehab of one of the historic building, this is the time. Indy Downtown is growing and developing at an incredible rate. I was a member of IndyDT and i pitched to the group to get Google Fiber in the city to spur more development and make the city more attractive to millennials. Bottomline: get in now, if you can. 

I'm holding an open house on a property tomorrow that's a great candidate for a fix and flip in sunrise, fl. I don't want to run afoul of the rules or come off as disingenuous, so I wanted to ask before posting details. It's a little over 2,000 sqft, 4bd, with a pool and screened in porch. 

If anyone has questions you can PM, or, if it is okay, I can post info in this thread. 

(if this runs afoul of the rules, I'll delete) 

Hey

@Russ Swan, I'm an agent/consultant working in Miami/Ft.Lauderdale. PM any questions and I'll do my best to help. If I can't help you, I can find someone who can. 

Hey all, 

Attorney/Realtor here in Miami. Just getting into investing. Seems to be a dearth of South Floridians around BP. I'm all for a meet and greet. 

I'm actually from Indy, just moved away (lived in the developing downtown area) not too long ago. If you need help assessing a particular neighborhood, I can tell you about it. Just pm me. 

I echo David's comments. Interested networking as well. 

David, I'm taking the Florida bar in July. If I came into the right situation, I would consider practicing here, just not for a large law firm as was my previous experience. I'll more than likely use my legal knowledge as a value-add for my real estate clients - more of a consultant than a traditional "agent," if you will.   

Thanks for the warm welcome Favia and Carson. 

Shawn, once a Hoosier, always a Hoosier. My heart will forever bleed Crimson. Thank you for the great and detailed information. With the development of downtown, carmel, and SoBro, you shouldn't want for opportunities to invest in Indianapolis. I'll probably come back there some day.

Again, thanks for all the information. I've got a lot of reading to do, but I couldn't be more excited.

Cheers!