All Forum Posts by: Fatima Champagne

I located a foreclosed home that is selling for $180,000 and has a zillow estimate of $430,000-$500,000. Similar homes on the same block and area have sold from $385,000- $439,000. The home needs repairs that are quoted by the seller as around $50,000. My question is first: what type of information would a private investor need in order to proceed? Also - I am new to real estate, no prior home ownerships, no wholesaling experience, nada, zilch - but I'm looking to move forward. With the necessary fixes, I will be able to refinance the house and pay the investor plus their percentage but how do you locate a potential partner if your own portfolio comes up short? I recently signed up for a local real estate group, so I'll be joining in on our weekly classes next week. I look forward to meeting potential collaborators, mentors, and like-minded individuals - but would like a bit of guidance in how to even go about RE proposals if you have no proof of your own success.

I located a foreclosed home that is selling for $180,000 and has a zillow estimate of $430,000-$500,000. Similar homes on the same block and area have sold from $385,000- $439,000. The home needs repairs that are quoted by the seller as around $50,000. My question is first: what type of information would a private investor need in order to proceed?

Also - I am new to real estate, no prior home ownerships, no wholesaling experience, nada, zilch - but I'm looking to move forward. With the necessary fixes, I will be able to refinance the house and pay the investor plus their percentage but how do you locate a potential partner if your own portfolio comes up short? I recently signed up for a local real estate group, so I'll be joining in on our weekly classes next week. I look forward to meeting potential collaborators, mentors, and like-minded individuals - but would like a bit of guidance in how to even go about RE proposals if you have no proof of your own success. 

Hey @Ross Faber I'm looking for a decent group as well. If you find an upcoming meetup, I'd love to join! 

Following, as Germantown is one of the areas I'd like to purchase my first home. 

Following. 

Hey @Mauricio Botero-- I could help you with any future projects you may have. Would love to connect. 

Following.

Following