All Forum Posts by: Felix Wisniewski

Im a 20 year old college dropout. I learned as much as I could for a month, then took immediate action and started marketing for deals! Took me 11 months to get my first one but if I can do it so can you. Try and find a mentor if you can, I found a really good mentor and it helped me out a ton!

The buyer will be fixing and flipping it BTW

Hey Bigger Pockets,

Thanks everyone on here, you guys have been huge help the past 10 months.

And finally I have a property under contract with the seller and the assignment signed with the buyer, which will profit me 6k!!!

The buyer wanted me to find out if their were any open permits or violations on the property from the town and I did just that. Their was a open permit on the roof because back in "01 it was re-done but never re-inspected afterwards.

The town also said I need a CO(Certification of Occupancy) before closing.

So my questions are:

1.) If the inspection of the roof fails can we still close?

2.) If the CO doesn't pass because the house NEEDS A TON of repairs can we still close on the property?

(The sellers are currently living in the property but will be out before closing, if that makes a difference)

Any response would be great.

@Karen Margrave The buyer will be buying it, fixing it, and retailing it. Any recommendations on what specific questions I should ask the building department when going about this problem?

Hey Bigger Pockets, 

Thanks everyone on here, you guys have been huge help the past 10 months.

And finally I have a property under contract with the seller and the assignment signed with the buyer, which will profit me 6k!!! 

The buyer wanted me to find out if their were any open permits or violations on the property from the town and I did just that. Their was a open permit on the roof because back in "01 it was re-done but never re-inspected afterwards.

The town also said I need a CO(Certification of Occupancy) before closing. 

So my questions are:

1.) If the inspection of the roof fails can we still close?

2.) If the CO doesn't pass because the house NEEDS A TON of repairs can we still close on the property?

(The sellers are currently living in the property but will be out before closing, if that makes a difference)

Any response would be great.

ok thank you.. Any advice on how the assignment should be handled? 

I have a smoking hot deal under contract. When a potential buyer asks for the address do I tell him the full address? (For example 1 Main Street, BigPock, NJ) Or do I just tell him the street name? or Jusy the town? Any other good ways I can market this wholesale deal. I have it under contract for 60 days if that matters 

It's worth 225k

Can anyone guesstimate the repairs on a full gut single family 1,100 square foot house?

i got the lead off a bandit sign.. ARV= 225.. I'm contracting it at 85k... The house is only 1050 ft so about 30k in repairs tops... Looking to make 10k atleast!!!! I learn just to stay persistent and that you have to go through the process and you can't cheat the process!!!