All Forum Posts by: Cole Raiford

@Daniel Pierson I agree with @David Barnett. I have an investor friendly agent and have a few wholesalers in the area that I invest in. I’m early in the game overall, but thus far my two purchases have come via wholesalers. I’ve offered on several mls deals but no luck there. People are simply willing to pay more than me for mls houses.

@Rowena Agustin did you close on this one? Everything go ok?

@Rowena Agustin if you are using a title company you should be fine. It’s essentially a normal home purchase at this point with the difference being the assignment contract and payment for the wholesaler. The title company should be paying the wholesaler and seller as part of closing.

Newer to dealing with wholesaler question...Is it bad form to negotiate pricing with a wholesaler? I have a deal brought to me by a wholesaler that looks pretty good. After having the house walked by PM there are a few larger maintenance items that need to be addressed (that were not clearly disclosed up front by wholesaler). Is it customary to negotiate on these items as I would with a traditional seller?

Note that this is the first time I’ve ever worked with this particular wholesaler. Any input is appreciated.

@Steven Rubino It looks great! Congrats!

@Jay Hinrichs your post about the 12 MS houses is interesting. From what I get out of what you said, you found little value in them aside from the tax shelter, which for you was big obviously. Many people are flocking to purchase in markets like the MS market you had these SFR’s in (low cost, 1%+ rule, no appreciation play long term, etc). With your experience, do these markets make as much sense as everyone seems to think right now? I’m asking for myself, as I am from MS and plan to invest there, but asking for the broader audience also. Thanks Jay.

@Ori Skloot I work in Richmond and know this market. If you are willing to make investments in the iron triangle, good for you. This is a D (F if your scale goes there) area. There is always money to be made in war zones, but let’s be clear to everyone that this is the epitome of a war zone.

Congrats man. Best of luck!

@Robert Perry thanks for the response Robert.

@Paul DeSilva awesome man congrats!