All Forum Posts by: Joe Farrance

Thanks Jerry. Is this foreclosure lawyer practice in New York State?

Hello

So I’m looking at 3 properties that I have seen that are in foreclosure. What I want to do is wholesale these properties to a rehaber. So these are my questions 

(1) Properties are listed with a real estate agent. Do I get the agent to sign the wholesaler participant agreement 

(2) Do I track down the owner and have him or her sign the agreement that has a set price that would include my fee? 

(3) Do I have the right to ask the agent to visit the property and get a better analysis as to what kind of rehab it would need

Thank You

Joe

Hello John

Thank you for your input as I discovered The property has263 acres total of that acres 13 are wetlands, this leaves 250 Acres and out of that 180 acres is the golf course, so this leaves 70 acres for potential development. looking at potential  200 building lots in 70 acres seems very tight. 

So I’m not sure if this is a good deal or needs a little more information. 

Chris, thanks for that information now I have a real big concern about it. 

Joe thanks for that answer it’s a Very good point about the building lots. This is something I’m going to inquire about. 

Your absolutely correct about the golf course without naming the name. As I looked at the financials it looks stable and it seems to be expanding. The building lots do have me concerned knowing that there might be wetlands all around it. So this begins the journey as to finding this information out and then verifying it to be accurate. 

This is what I was wondering. Up here in central New York the season is short so is it worth getting involved in

Hello

From wheee I’m at in upstate New York it would appear that golf courses are only used 4 or 5 months out of the year. So this made me curious are they a good investment in the snow belt regions?

So I came a cross a listing for a golf course in my area for sale, although I would like to purchase this my self I know I have no funding to make this happen, I would have to wholesale this to another investor and this leads me to my questions.

Are golf courses a good real estate investment?

Can you wholesale a golf course to a investor?

Can you use creative financing using no money down for such a large purchase?

What key finances should I look for in the financial reports?

Any help would be appreciated

Thank You

Joe

Hello

From wheee I’m at in upstate New York it would appear that golf courses are only used 4 or 5 months out of the year. So this made me curious are they a good investment in the snow belt regions?

So I came a cross a listing for a golf course in my area for sale, although I would like to purchase this my self  I know I have no funding to make this happen, I would have to wholesale this to another investor and this leads me to my questions.

Are golf courses a good real estate investment?

Can you wholesale a golf course to a investor?

Can you use creative financing using no money down for such a large purchase?

What key finances should I look for in the financial reports?

Any help would be appreciated 

Thank You

Joe

Hello 

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