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All Forum Posts by: Darrell Phillips

Darrell Phillips has started 3 posts and replied 4 times.

Post: Is it possible to wholesale a house with a mortgage?

Darrell PhillipsPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

Thanks that's some great info I will implement moving forward. As far as getting comps from realtors, how would I go about doing that and does it cost?

Post: Is it possible to wholesale a house with a mortgage?

Darrell PhillipsPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

Hey BP

I had a motivated Seller contact me recently in response to an ad I posted on Craigslist and she is very motivated but she owes 50k on the property and the median sales price for homes recently sold in that area is only around 66k. Now I'm fairly new to wholesaling so I'm not exactly sure how to go about this process involving homes with mortgages but it doesn't seem like it would be a good deal. Any advice or suggestions? 

Hey BP. I'm new to wholesaling, still looking to land my first deal. I would love to network with other wholesalers and cash buyers in the region. Looking forward to getting to know u all soon. Let's make some money together! 

Post: New member from cincinnati

Darrell PhillipsPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

I'm a newbie to wholesaling real Estate but I've been studying this particular real estate niche for a little over a year now and I feel like I am ready to take action and implement what I've learned so far and see what happens. I'm looking forward to getting to know other wholesalers in the local cincinnati as well as cash buyers who can close deals fast, I'm even open to being mentored and doing a 50/50 split on my first deal with any wholesaler willing to make some money while showing an up and coming wholesaler the ropes. Im Looking forward to networking and hopefully doing some business with other serious investors in the local area soon.