All Forum Posts by: David Watson

@Gabriel Starms what do you usually do in this situation. Is there a way to make it worth while for the buyer?

Ok I see. Any advice?  What’s a good way to approach this?

Quick question. Is it a red flag for buyers when a property is on a rented lot? I may have a deal soon thats on a rented lot. It's a good deal as long as the lot rent isn't a problem, So is that usually something that would deter a buyer?

@Lydia R. It really does help. It make sense to get a good estimate since anything can happen during their rehab. It gives me a different look at my strategy. Id probably go back at some of the deals I ran numbers on already to see if it makes a difference.

@Eliott Elias Exactly why I want to get as close as possible. I don't want to underestimate and get the contract for one price but then can't close cause the numbers don't match up well enough. I want to make it easy for my buyer.

@Rebecca Bradley I'll be looking into that book for sure. I learned alot from books already. surprised that one isn't in my list already.

How do you wholesalers estimate your rehab cost when running your initial numbers? I have a formula that I've been looking at that vaguely estimates depending on square footage and what kind of rehab is needed, but I want to see if there is anything that is a bit more accurate. It seems that the numbers I'm coming up with is on the high side, making good deals not so good. What are some of your strategies?

@Joe Gonzalez Thanks. I did go and find a facebook group that works in my market. Even getting Ideas on how to post and market the properties. Also, That is the main hang up for me right now "what if I can"t get a cash buyer in time?" Any advise on that?

Happy new year everybody. Got a question about finding a buyer.  I know mostly you find a buyer after you have secured a contract with the seller. But would it be bad practice to already get to know sellers beforehand? Im thinking finding investors this way would save some time when it comes to finding a buyer to be able to close in time.  What do you all think?

@Pat Lulewicz Thanks. Im currently starting to look in the Henderson/Oxford area, but then I'm branching out.