All Forum Posts by: Jason Wrice

I'm looking to access to the MLS for running comps in exchange I would pay a fee to you every time i complete a deal and sell a property.

@Damon Armstrong - thanks that's a great way to look at it!

Like I said I'm not trying to make a fortune, more so build confidence that I can do this and do it the right way.

@Bryan L. - Thanks! What about the deal is a red flag for you? Not 70% of ARV?

Roof repairs are 6K - 8K depending on additional damage (two estimates)

The house can easily be rented as is without making any cosmetic updates, but to get a higher sale price all you would have to do is refinish existing cabinets in kitchen and bathrooms 1K - 2K

I took 6 homes recently sold in the neighborhood around the same square footage and average them out to 225K for ARV

Has to the potential to be higher with unfinished basement!

Thanks

@Scott Stevens and @Amanda Hensley

Hi BP,

Here's the deal I'm contemplating....

Seller moving out of town and needs to sell to pay mortgage. I have negotiated the price to 170K. Home is located in Alpharetta, GA, which is a great city outside of Atlanta. Recently sold homes in the neighborhood sold this year average out to be 225K.

This home needs the roof repaired and cosmetic upgrades. I am a beginner and don't want to get into rehabs just yet. I'm looking to assign the contract to an end buyer but I am unsure if this is a deal for the end buyer who's looking to flip and hold/sell.

To me this a good deal, but I'm nervous that I won't be able to find a cash buyer. Yes I have the appropriate out clauses in my contract but its my first deal and I'm just not confident!

Not looking to make a fortune, just looking to complete my 1st deal.

Any advice would be appreciated!!

Thanks for the advice, I plan to get started as soon as possible

I've been eager to get started wholesaling in the north Atlanta area near Norcross. After much reading and watching youtube videos, I still have the jitters about exactly where to begin. This has led me to seek a coach or mentor that could help me through my 1st few deals. I came across an ad on craigslist stating:

Not only do we teach you real estate investing we guarantee your success!!!!!!!!

YOU WILL RECEIVE: All advertising needed for your success, Motivated sellers contacts, Cash buyers contacts, Private money contacts

We will partner for 6 (six) property purchases and resale and equally split the profits (50/50).

This sounds good but I would like to see what some more experienced wholesalers felt about this deal...

Thanks

Hi BP, my name is Jason.

I'm new to BP and real estate investing. I moved to Atlanta from Cleveland last year and looking forward to getting my real estate career started with wholesaling. After much reading, I figure this would be a great first step toward my future goals of earning income through owning multiple rental properties.

I'm currently looking for/to: mentor, title company, real estate attorney, build buyer's list, attend REIA meetings, etc

Any assistance would will be greatly appreciated

Thank you,

Jason