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All Forum Posts by: Dustin Cornell

Dustin Cornell has started 8 posts and replied 16 times.

Post: My First Wholesale Deal

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2

Hey Jonathan! Also new to wholesale. Thanks to Joaquin advice I made a connection with a title company. Hopefully it will work for you as well! I’m on the other side of the country, but maybe we could exchange contact info and help each other out.

Post: Advice for a newbie wholesale investor!

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2

Thank you Marvin. That was exactly what I needed to hear! I’ll be making a lot of phone calls! I did tell her I would wait for the inspection to have her sign the documents in person. Thinking about your advice, I probably should have her sign them ASAP. My market isn’t exactly hot, so I wasn’t too worried about losing it. She already pulled her online ads. Even though I told her not too!

Post: Advice for a newbie wholesale investor!

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2

Thanks Bryan. I appreciate the advice. I felt like I had my dreams crushed when my re agent told me it was unethical to wholesale and I should stay away! 

Post: Advice for a newbie wholesale investor!

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2

Hello Everyone! My Name is Dustin. I’ve been a member on this site for awhile now. I’ve spent a couple years learning and saving and finally made my presence in the real estate world last year when I bought my first rental property. Nice 4-unit. Also working on another rental property as we speak. However, I’ve finally decided it was time to put all my knowledge to action and start wholesaling to help fund my rentals.

I have a motivated seller, who has verbally agreed to sell me her house at 55k. I comped the area, this price is roughly 50% of arv. And really doesn’t need much work at all. Possibly a kitchen update. Everything else is good shape and too many updates to list. Which, from my learnings, is right where I want to be.

The woman lives 5 hours away, will be meeting her in 2 weeks with my contractor to do the inspection and sign the purchase agreement.

I have the assignment contract ready, a small buyers list, my marketing skills on standby. But, I have yet to find a title company (I know, probably should have had this all done before).

As an inexperienced investor, what should I do to find the best prices for closing. I know who to call. But what should I ask them?

I have asked my real estate agent for help. She advised me that no one in this area is wholesaling. That it is unethical, and I should stay away from these type of deals. Thoughts on that as well?

Any advice is appreciated! On the title company or any other aspect of the wholesale strategy. Thank you for your time! 

Dustin 

Post: Advice for a newbie wholesale investor!

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2
Hello Everyone! My Name is Dustin. I’ve been a member on this site for awhile now. I’ve spent a couple years learning and saving and finally made my presence in the real estate world last year when I bought my first rental property. Nice 4-unit. Also working on another rental property as we speak. However, I’ve finally decided it was time to put all my knowledge to action and start wholesaling to help fund my rentals. I have a motivated seller, who has verbally agreed to sell me her house at 55k. I comped the area, this price is roughly 50% of arv. And really doesn’t need much work at all. Possibly a kitchen update. Everything else is good shape and too many updates to list. Which, from my learnings, is right where I want to be. The woman lives 5 hours away, will be meeting her in 2 weeks with my contractor to do the inspection and sign the purchase agreement. I have the assignment contract ready, a small buyers list, my marketing skills on standby. But, I have yet to find a title company (I know, probably should have had this all done before). As an inexperienced investor, what should I do to find the best prices for closing. I know who to call. But what should I ask them? I have asked my real estate agent for help. She advised me that no one in this area is wholesaling. That it is unethical, and I should stay away from these type of deals. Thoughts on that as well? Any advice is appreciated! On the title company or any other aspect of the wholesale strategy. Thank you for your time! Dustin Cornell

Post: My First Wholesale Deal

Dustin CornellPosted
  • Linesville, PA
  • Posts 17
  • Votes 2
Hello Everyone! My Name is Dustin. I’ve been a member on this site for awhile now. I’ve spent a couple years learning and saving and finally made my presence in the real estate world last year when I bought my first rental property. Nice 4-unit. Also working on another rental property as we speak. However, I’ve finally decided it was time to put all my knowledge to action and start wholesaling to help fund my rentals. I have a motivated seller, who has verbally agreed to sell me her house at 55k. I comped the area, this price is roughly 50% of arv. And really doesn’t need much work at all. Possibly a kitchen update. Everything else is good shape and too many updates to list. Which, from my learnings, is right where I want to be. The woman lives 5 hours away, will be meeting her in 2 weeks with my contractor to do the inspection and sign the purchase agreement. I have the assignment contract ready, a small buyers list, my marketing skills on standby. But, I have yet to find a title company (I know, probably should have had this all done before). As an inexperienced investor, what should I do to find the best prices for closing. I know who to call. But what should I ask them? Any advice is appreciated! On the title company or any other aspect of the wholesale strategy. Thank you for your time! Dustin Cornell