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All Forum Posts by: DaVon Nelson

DaVon Nelson has started 6 posts and replied 9 times.

@Chris John I appreciate the information greatly I will take that into consideration. As of now I'm wanting to start kinda how Brandon Turner started, secure 1-2 duplexes then scale up as I gain experience. plus the duplexes I am considering are located right in my backyard here in South Carolina. 

Hey BP community...I'm currently shopping for a duplex in my backyard...I have one I'm interested in...just wanna know and understand what's the best method to comping Multifamily properties...specifically Duplexes at the moment...any advice would help thanks..Happy investing!

Hey BP family I'm reaching out to connect with Boots on the ground in Detroit so my business partner and I can identify the great areas to Invest in!

Post: Option Agreement Assignment

DaVon NelsonPosted
  • Posts 11
  • Votes 2

Hello BP Family. I'm new and still learning and understanding Wholesaling Option Agreements. I have a potential tenant buyer with a credit score of 640....She is wanting a Rent To Own home. I need help with understanding the next steps from here. Do I have her see if she can qualify for FHA Loan and just get an Option to purchase agreement from the seller or what exactly is the next steps?

Any advice would be much appreciated

Post: Crowdfunding Real Estate

DaVon NelsonPosted
  • Posts 11
  • Votes 2

Hey BP family, I was wondering has anyone used crowdfunding to raise capital and if so how was the process and which platform was used? 

What is the best strategy to use to wholesale Turnkey properties?

I was thinking 60 day option Agreement with 20% down of the purchase price...once the contract is executed I would then market the Rental for a down-payment upfront then collect rent from the tenants pay the original seller and pocket the leftovers is this the correct process?

@Joseph Schweizer thanks for responding I am interested in the process of purchasing a turnkey property? 

Hello BP family, my wife and I are looking to purchase our first rental. What are the steps to purchasing a turnkey property?

Post: How To Invest $48000

DaVon NelsonPosted
  • Posts 11
  • Votes 2

@Sheila Campbell I would invest in valuable assets that could pay off the loans and create a residual source of income.