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All Forum Posts by: Deonte Palmer

Deonte Palmer has started 26 posts and replied 65 times.

Post: Wholesaling in Illinois

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Jonathan Klemm dm me I am taking my brokers test on the 27th looking for wholesale friendly companies. Also will be looking to list properties to.

Post: Rolling over a car loan

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

I’ve had my car for a year and the engine is blew out all of sudden I’m going to reach to the finance company and dealership about the car but would it be possible to roll over my balance left into a new car loan possibly or what should I do?

Post: Padlock on door owner doesn’t know about

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

I wholesale properties and have a property under contract for a excellent price. I went to see the property and it’s a padlock on the door with a not in the back with violation 108.1.3 I live in Chicago what does that mean?

Post: Property has more rooms then it’s says online

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Barry Pekin appreciate it.

Post: Property has more rooms then it’s says online

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

I have a lead that the property has more rooms then the assessor website and Zillow says it should have. What does this mean and it could it be bad or good?

Post: Earnest money deposit problems with buyer

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Steve Morris We agreed to the purchase price but never discussed the earnest deposit. I just think it’s something that’s not that serious to slow a deal down about.

Post: Earnest money deposit problems with buyer

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Mike McCarthy The buyer I am dealing with is complaining that’s its non-refundable but. During the review and inspection period he is protected or can do disapprove of the contract and make it null and void also right?

Post: Earnest money deposit problems with buyer

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

I've been dealing with buyers that are saying that a 3k earnest deposit on a deal with a 107k purchase price with a 200k ARV. Is this usual cause my train of thought is that if you are serious about buying it shouldn't matter. (The buyer has done a walkthrough if the property already) Or is it something I am missing about this. I'm also in the process of getting my brokers license so any help on that would be nice to.

Post: What are your cost per room or per sq. foot for rehab

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Jalon Scott I have a contractor that helps me estimate all my repairs. I have a few homes under contract in those zip codes I wholesale maybe we can connect?

Post: Aspiring Real Estate Developer

Deonte PalmerPosted
  • Flipper/Rehabber
  • Chicago, IL
  • Posts 68
  • Votes 11

@Greg Dickerson Thank you will use.