All Forum Posts by: Marvin Cuffee

The book I recommend you read to get a better perspective on real estate investing is

!! The Millionare Real Estate Investor !!

Great Book

A must read

Use a option to purchase contract for a consideration of 10 dollars which never gets asked for.

1. Use option to purchase contract

2 Find a buyer

3 Have the owner sign a purchase and sell agreement.With any changes needed Price/Terms

4 Close get your assignment fee

5 My contracts have no more than 100 EMD, why we plan to close quickly so no need for that much of an EMD

Didn't find out about the repair cost until today.
Made the offer last week

Evening BP Family

ARV $75,000 to $80,000
But the cost to repair the house is $55,000.

Started negotiation at $13,500 plus assignment fee of $5,000 = $18,500

According to the contractor, the house is not a tear down. But the only thing good on the house is the brick.

Question: With a 10,000 sq. ft. lot, which is big enough to add another room, and a city value of $24,500 for the land, what should my offer be, considering I already have a discount on the land?

City assed. $60,300

Lol Thanks Fellas got my contractor going tomorrow to check it out.
@John Holdman @Aaron McGinnis @ J Scott

Morning BP

When wholesaling a property do I really need to pay a contractor to tell me what its going to cost me to repair the property or let my end buyer find out using his own contractors. As long as I use a round about figure.

@Hunter Kenihan thanks!! I will try that.

Thanks @J Scott the problem with realtors is u can't intouch with none of them lol.

Afternoon BP Fam

What are the best web sites to use to find comps.

Thanks

@Arktavious Sally thanks never crossed my mind makes since.