All Forum Posts by: Iverem Rose

Thanks Alex

Thanks for the advice Bill and you're right I'm not ready to broker notes and I have no intentions of doing so until I understand the laws. 

thanks for the breakdown

Wow thanks Patrick for the advice

Hello BP Community

I came across a nice 8 fam property in Brooklyn for sale for about 2 million. I know i can find a buyer for this property but i don't feel comfortable wholesaling properties over 1 million dollars. Should I wholesale this property outright or simply refer the property to another investor for a finders fee. Any suggestions? 

If I do decide to wholesale the property, what figures will be vital in my analysis as to what to offer the seller? NOI? Expenses?

Is there a general rule of thumb formula applicable to income-producing properties like the 70%(ARV) less repairs less fee formula that is applied when wholesaling single-family homes?

Does anyone know in which states is it illegal to "broker notes" without a license?

What is another way to get the numbers of sellers? I found several sellers' numbers on the internet but when I called them, they were either out of service or belonged to another person

Great info! Thanks Michael

That's very encouraging. Thanks Doug.

Makes sense. But if you didn't get in touch with a prospective seller after your initial call, do you leave a message or call back in afternoon in case their schedule is hectic in the morning?