All Forum Posts by: Dell Schlabach

 To more specifically answer the question, our wholesale fees are typically 5,000-10,000 for houses retailing 100,000-250,000. Some people make more, but my buyers only buy from me so I make sure they consistently get really good deals. 

It does sound like a bad deal unless you are buying it to live in it.

Wanna put some numbers together and show how it's a good deal for anyone else?

You want to wholesale it to someone else.

If you buy for 66,000 + 5,000 wholesale fee =71,000 if your buyer fixes it up say he only puts new carpet and paint in it cleans it up, and it costs 10,000 now you are at 81,000 if he lists it and sells it for 78,000 he just lost 3,000 , if he listed it with a realtor and paid 6%commission, he lost an extra 5,000+ closing costs say another 3,000 , if he had to borrow the money maybe another 5,000 that's without figuring holding costs taxes, insurance, utilities etc. So your buyer just lost 13,000 .. He is not likely to buy more houses from you :-)

These are some very rough numbers but hopefully gives you some perspective

Need to learn  how to crunch the numbers if you want to play the real estate game..

Wish you the best

The big national ones thst own most of the reos dont allow assignments. You might find an occassionial smsll bank who won't object, but it not a viable business model.

We wholesale mostly bank owned properties but we close on them first or do simultaneous closings.

I would give it to them, sounds like a responsible tenant. 

Welcome to Bigger Pockets, great resource to learn and develop relationships.

I have a couple rehab partnerships that developed from BiggerPockets connections.

I couldn't quite figure out what you are looking for. 

A partner to work guidelines of buying ....  ??

It can be highly profitable to be a bit crazy...

We did a mold house recently that looked similar, my mold quote was 20,000, demo remediation and clearance testing. About 2300 sq ft two story with finished basement. 

I sold it after two weeks on the market, one of my most profitable deals. 

I get concerned using a sq ft price, personally I want real numbers, does in need new windows, electric, plumbing, furnace, a/c drywall, trim ...put real numbers together and see if it's a deal. 

You can post the list here if you want feedback on pricing after you have a better scope. Sq ft price just isn't reliable in my opinion.

My rehab on the mold house cost me about 80k and didn't need roof, siding, windows, furnace AC etc, 

Here's the house after we were done...

http://www.zillow.com/homedetails/9281-Chamberlin-...

Enjoy the crazy adventure

It is not true, a contract signed by both parties is valid even if the seller doesnt get a copy right away, or if his dog eats it.

We have signed contracts many times and then mailed copies to other party.

You could sign a copy, scan it on you phone, then email it to him right away. 

We will typically sign two copies right away so both parties have a copy immediately.

Here you go spend a little time looking through these threads.

Good luck

 https://www.biggerpockets.com/search?utf8=%E2%9C%9...

You are really asking him to push past his limits and go the distance  25 Minutes! 

Try 123Flip.com if you don't get a response from the others.

That's where I got the one we are using with, some slight modifications. 

@J Scott