All Forum Posts by: Ryan Palakiko

Hi Bigger Pockets famz, I have purchased a few properties in my local area and was recently contacted by a "wholesaler" who claims he has discounted properties i might be interested in, located in different states. He reached out through one of my local  craigslist posts and claims he has been wholesaling for years now. I'd be a lot more comfortable if we connected through my network of partners. I have viewed couple properties he has sent me and its worth digging in to. He assured me that my funds would go directly to escrow. What do i need to do to make sure this "wholesaler" is legit?   

thank you for the advice, greatly appreciated!

Condominium Property Regime ("CPR") specific form of ownership and governing process created when real property becomes a condominium. Not sure if this definition differs throughout the states. 

I haven't personally done new construction, but my contractor has. He's working on a project now that's similar to what I might be getting into with this deal, but on a  much larger scale. I have real estate attorneys that I can probably use to figure out how much this is going to cost me, but before I use up that expensive time I'm hoping to get advise from other investors familiar with this process of CPRing property. Thank you for your response.

So im new to Real Estate investing but I know i will get great advise through BP with all my Real Estate endeavors. So this property came across my tabel, and CPRing it might be an option. The seller is motivated, says he's too old to maintain the property and wants out. My first option is to wholesale it, but there might be a way i think, that myself and the owner can make more money of his property. Which brings me to "going condo". He has an acre lot, built 3 new homes on half the lot and the other half is a farm. The new homes are NOT CPRed. One home is not even permitted. If he does'nt accept my cash offer, he might be willing to do a joint venture. if its worth it, I propose to come in with funds to CPR the entire property, adding 3 more homes on the other half and and selling each home individually we split the profits. I have a Real Estate agent giving me the 411 on this property, did a walk through with my licensed contractor, have an estimate from him to do the job. I have no idea what its going to cost me to CPR this property. So before i meet with the owner can anybody give me an idea or point me in the direction so I can have a clue if this would be worth even looking into. Thanks- Ryan

p.s. sorry for the novel