All Forum Posts by: Jonah Wilson

Thanks a-lot guys!!!  this is the best !

 Thanks my man!!!

REIA in Pittsburgh ?

Thankyou Gary.. I will definitely reach out

AFTER GETTING MORE DEALS UNDER CONTRACT I'VE RUN INTO THE "RURAL AREA" ISSUES. THE NUMBERS ARE THERE BUT THE INVESTORS ARE JUST NOT INTERESTED IN LOW POPULATION CITIES. 

WITH PITTSBURGH BEING THE CLOSEST BIG CITY (40 MIN AWAY) SHOULD I MAKE DEALS THERE ONLY OR JUST KEEP FINDING GOOD DEALS HERE AND WATCH THEM GO TO WASTE? 

PEOPLE HERE HAVE A HARD TIME GETTING FINANCED SO THEY ASK FOR LAND CONTRACTS. WITHOUT THE FUNDING TO BACK THE DEALS SHOULD I FOCUS ON BUILDING A BUYERS LIST FIRST? THE DEALS ARE NOT BRINGING PEOPLE IN , THESE DEALS ARE 30-40% ROI WITH NO INTERACTION.

I'M EXTREMELY NEW TO THE WHOLESALING BUSINESS AND IM FAIRLY NEW TO THE AREA (BELMONT COUNTY,OH).

I RESEARCHED THIS AREA AND DISCOVERED A BILLION DOLLAR PROJECT UNFOLDING HERE. I LOOKED FURTHER INTO IT AND SOME LANDLORDS ARE ALREADY TAKING ADVANTAGE OF IT WITH RENT RATES UP IN THE THOUSANDS. I READ IN THE PAPER WERE HOME OWNERS ARE HIRING LAWYERS TO GET GENEROUS OFFERS ON THEIR HOMES FROM THE COMPANY. 1 FAMILY WAS OFFERED 19K FOR THEIR HOME (WHICH IS MARKET VALUE) BUT THEY ARE DEMANDING 119,000.00 .. 

MY QUESTION IS THIS, " EVEN THOUGH I HAVE CONTRACTED HOMES IN THIS COUNTY AND PUT THE NUMBERS TOGETHER FOR INVESTORS IT SEEMS NO ONE IS INTERESTED IN THIS PARTICULAR INVESTMENT, WHY NOT? " 

EVENTUALLY THIS PROJECT WILL BRING OTHER COMPANIES TO THE AREA AND FAMILIES WILL BE MOVING HERE FROM ALL OVER FOR WORK, WOULDN'T IT MAKE SENSE TO INVEST AND RENT IT OUT FOR THE NEXT FEW YEARS WITH THE OPTION OF SELLING FOR EQUITY PROFIT ? OR IS THIS A ROOKIE MISTAKE TO INVEST IN AN AREA THATS UNDER DEVELOPMENT? 

Thanks for sharing

Thanks guys.. 

I looked into it further turns out the lien holders are illegal immigrants that did the work without being contracted. Just to twist it a little further they are now putting in an offer 1k less than my agreed upon contract.

Front row seats to experience.

@Brent Coombs the property is in Kansas not Ohio. I market to my list of investors i do business with, this was a shot in the dark because im in Ohio and got the offer on a car trade. Thanks for the input i guess?