All Forum Posts by: Ismail Sogbaike

How would i determine the amount cost for repairs, and is it normal for repairs to be more than what the home is listed for?

Just had a conversation with a potential cash buyer telling me that it won’t work, my purchase price was off. How do I determine my purchase price for a wholesale deal if they could just look up the deal on Zillow and see how much it’s listed for and won’t except my price.

What formula should i use to find my MAO, and what how exactly do i find what a property is worth.

Im finding deals and through cold calling, and confirming that the seller is willing to sell their property cash or creative finance. I presents the deal to my partner, and he handles the negotiation and structuring of the deal because he is more educated than I am. How much of a percentage of the wholesale fee Does someone in my position gets wet, splitting it with a partner. Me and my partner have never talked about this, but I want to know just in case for future purposes.

I finally got a good lead while cold calling but the seller is stubborn and wants too much of a high price. No I believe i can use this opportunity to offer creative finance, my problem is how would i do that.

I had a call with an agent and they basically told me that this seller has had the property under contract in the past a couple times, but the whole sellers and investors that were handling the property didn’t do proper due diligence and missed out on the deal. The agent told me that the seller won’t take anything below their specific price. So I thought to myself, if I knew creative financing/seller finance, maybe I could’ve offered some terms to the seller. 

What is the complete formula to analyzing/ running the numbers on deals

What are some things i need to consider when running the numbers on a wholesale deal to make an offer/ how do i run the numbers?

As a new investor what makes a wholesale deal a good deal.