All Forum Posts by: Damien Fausto

Hello everyone. I'm new to REI/wholesailing. Im glad to have found BP. I have read some post and poked my head around the site. I am very interested in learning all that I can about wholesailing and would like to meet, become acquainted with other local investors that can help me along the way... As a mentor you can say.

I look forward to hearing from you guys.

Thanks.

@Account Closed 

When looking at the property I had estimated about $17,000 for rehab. It was mainly just an upgrade to the kitchen and the restrooms. When doing my research of the property I found comps of $451,  $457, and even up to $464. The home itself is in a good area near shopping centers, freeways.  We do have buyers in that area that are willing to go up $1.5 million.

@K.Marie Poe They were asking $380,000 for a 3 bedroom/2 bathroom 1400 square feet. We would have negotiated a bit lower, but then they shied away from us being wholesalers. Comps for the property were $450,000+

@Jeremy Tillotson she just happens to be a broker. That didn't want to sell on the mls.

correct me if I'm wrong but today had an appointment with a seller, everything was going good but when I told her I was planning on doing a double escrow she backed out. She had said that it was illegal to do this. Is this true? I am fairly new to wholesaling an would like some clarity on this. Any info would be greatly appreciated.

@Paul no its not.

@Stanley thank you

Hey BP,

so I'm looking at a property, 3/2 1450 sf.

the home has some additions that were done with out permits.  Would this be an issue when wholesaling the house?

thanks for the feed back guys.

Hey Bp,

So I've been stuck lately finding motivated sellers. Can someone tell me what a good way to finding sellers is, in your opinion that is. Or what has worked for you in the past?

nice to meet you.