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All Forum Posts by: Danny Woodson

Danny Woodson has started 16 posts and replied 43 times.

Post: Wholesale Contracts

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

i used the one on here the first time.

or just trust your partner

Post: script for commercial investing?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

i am only familiar with residential and want to learn more about commercial property.

is there anywhere that i can i get a script of the info that i should get when i am on the phone with someone?

Post: if i use all my own cash

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

@J Scott

thanks. what about this scenario...

an older lady wants to move to florida soon with her disabled husband.  the house has a lot of stuff  like handrails for her disabled husband.  they also did not pull permits for the upstairs. 

an identical house sold for 185k in top shape condition.

how much does this hurt my resale price without the permits? the staircase is really really steep. what do you suggest i do?

i offered her 100k last year and have not heard back from her. i was thinking about offering her more .

Post: if i use all my own cash

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

a lady i know has a townhouse condo unit that she wants to sell. there is currently a tenant in there. it is an end unit.

back in october an end unit in top condition sold for 141k.

right now an end unit that looks identical to the one i am trying to get under contract is on the market for 159k.  all cosmetic work needs to be done to this one (over priced).

so if i expected to resell this one without putting any work into it, could i buy it for 110k?

i am using all of my own cash so there are no lending fees or anything

 110k --> 130k resale.

its only a 20k spread but if i use my own cash it cuts down a lot on the lending fees.  i would expect to resell it within a month

Post: ever read a social media marketing book?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

@Robert Musallam

i made a facebook business page and linkedin biz page.   is it more in depth than that? does it bring in leads?

Post: ever read a social media marketing book?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

thanks mr obvious

Post: ever read a social media marketing book?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

i always see those books at the library and they look stupid so i dont bother picking them up to read them. anyone ever read them? is it worthy of being read?

Post: opinion on adding a bathroom?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

i meant bedroom not bathroom...

Post: opinion on adding a bathroom?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

roughly how much value does it add to a house?

is it worth just popping in a bathroom when ever possible?

someone wants to convert a walk in attic into a bedroom but i do not think it is do able..

Post: why cant i find a deal?

Danny WoodsonPosted
  • Detroit, MI
  • Posts 52
  • Votes 3

i am not sure what i am doing wrong. my mentor claims that there is too much competition.

ive been mailing, sent my 2nd mailing out last week. i am going to send out the third in two weeks.

i have my bandit signs

i check mls

i check bank owned property.

nobody seems to be interested in any deals i find. why cant i find any deals with enough profit margin?