All Forum Posts by: Jessica Brown

@Account Closed #1 i agree with, and I let it go. And as for your #2, you are right, specifically the Bigger pockets podcast, hence why I use their forum to ask questions. 

@John Meirose Thanks John, I definitely plan on taking your advise, so i can get a better grasp of it before I go any further. Thanks again.

@Frank Adams The fact that you took the time out of your busy day for this says a lot. And no I don't need you to go on. That is the one thing I dislike about this forum. 

People like you use it as a means to put people down and try to make them feel small. But thanks for taking the time out of your day to give your input, even though its obvious you didn't have good intentions. 

@Christopher Malone Thank you so much, searching sold homes nearby really helped a lot. :)

Hi everyone,

Newbie to Wholesaling RE and I could use an experts advise. Hopefully this is seen by someone in the Belleville, Illinois area. This my first potential deal, with very motivated sellers. They bought a house hoping to become landlords but just do not have the time. They are pretty much willing to take any offer I give them, as long as they don't have to come out of pocket. However, I want to do right by them as well as myself. I am new to calculating ARV as well. Right now it appears that the house as is on the market is at about 58K in Market value. I can't seem to determine how much it could sell for if it was all fixed up correctly. They also owe around 50K on this property. Does anyone have any specific advise or ideas? In terms of if I should let this deal go. If I should pursue it, how can I accurately determine the price it can sell for once it's fixed up. That way I will know how much one of my potential buyers will purchase for a house in that area?

Just in case this info helps: it's a 3 bedroom, 1 bath, 1088 sq ft, 50K still owed

Thanks in advance for your help!

Jessica Brown

Hey BP,

So here is my dilemma: I am new to Wholesaling. And I have meeting setup to look at a property tomorrow of a very motivated couple. Bad news is, I just found out that they still owe 50K on it. The market value of the house is pretty much around that. Even though, they have expressed that they are very flexible on the price they will take, as long as they don't lose money. Any tips on how I can potentially make this work. Even though this would be my first deal, I genuinely want to help them. It was the first house they ever bought as a married couple. They planned on being landlords but neither one of them really have the time. If there is no feasible way to wholesale this property, help them out and still make a profit. Does anyone have any ideas that i could still potentially leave them with?

Thanks in advance,

Jessica Brown

Thank you both so much...I plan too keep at it! :)

Hello BP,

I am so excited, I cannot believe I got a call back from my very first direct mailing campaign. I just got off the phone with the seller, obtaining information on the property. But now i am really unsure how to run the comps and if the contract/agreement forms I found online for Illinois are good to use. Any suggestions or advise would be awesome? Thanks in advance!

Jessica Brown

Thank you both so much for your response. That really helped a lot! :) I am going to do a direct mail campaign!! 

Hi everyone,

So I am new to Real Estate! I have been watching videos, reading articles etc. In an attempt to learn enough about wholesaling to get started. I finally decided to take some kind of action. I bought a list of 250 potential sellers. But now I am feeling like maybe I started this thing backwards. I have phone numbers and mailing addresses for all 250 people. However, I am not sure if Its totally crazy to map out times to call all of these potential leads. And even if i did, what I would say exactly. Or if I should use some sort of direct mailing system. And again, if I do that...where to order it from or if i should do it myself. Can anyone pass on any suggestions? Any advice would help at this point. I just want to get started before I sike myself out of it. This is something that I really want to do. Thanks in advance,

Jessica Brown