All Forum Posts by: Lance Thomas

Thank you for the advice!

Hello,
I'm analyzing deals as a beginner but had a question. Once I find a deal, should i find a lender to fund it for me since im just starting out If i dont have the cash to purchase myself? I plan to wholesale as well but figured if I can find a deal, maybe receive a FHA or some type of loan/partner up to start my investing career. Any thoughts? Thanks in advance

Ok thank you very much! This Quad is pretty difficult to comp but I'll ask an agent first, than go based of rents like you stated. Thanks again.

Hello Everyone

Quick question. First let me say I'm a beginner and I'm really trying to get into real estate investing. I'm analyzing a quad however I am having difficulty finding comps. My area is Marietta, Georgia. Currently i see comps for SFH in the area but not sure if I should comp SFH vs Quad. For example, is a 4 bed 4 bath comparable to a Quad with 1 bathroom in each unit. Thanks for the advice.

Thank you very much for the advice!

Ok thank you very much for the advice!

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Hello Everyone! I want to start out wholesaling but I understand the negative perception it comes with. However I want to do wholesaling in an honest way, so I have a few questions and statements that I need advice on.

1. If my contract on states that my intentions are to SELL/ASSIGN the contract to an end buy, would that suffice? Also, I will verbally tell the seller. The only way I want to include BUY is if I evaluate the property and would be willing to actually close it I can't find an end buyer.

2. I plan on using the BP calculator to show each potential buyer.

3. In regards to repair cost, depending on the amount of issues with the sellers property, I am willing to pay for my own home inspection to give me the best repair cost value.

4. In regards to my profit/fee, I believe if I am not worried about making the craziest amount of profit but instead, make sure the end buyer has a great profit, that would lead to a great reputation and buyers list. Should I take this approach.

Please keep this constructive as I am only seeking advice. My apologies for the errors, I'm typing on my smart phone at my 9 to 5 ugh. Thanks

Hello Everyone! I want to start out wholesaling but I understand the negative perception it comes with. However I want to do wholesaling in an honest way, so I have a few questions and statements that I need advice on.

1. If my contract on states that my intentions are to SELL/ASSIGN the contract to an end buy, would that suffice? Also, I will verbally tell the seller. The only way I want to include BUY is if I evaluate the property and would be willing to actually close it I can't find an end buyer.

2. I plan on using the BP calculator to show each potential buyer. 

3. In regards to repair cost, depending on the amount of issues with the sellers property, I am willing to pay for my own home inspection to give me the best repair cost value.

4. In regards to my profit/fee, I believe if I am not worried about making the craziest amount of profit but instead, make sure the end buyer has a great profit, that would lead to a great reputation and buyers list. Should I take this approach.

Please keep this constructive as I am only seeking advice. My apologies for the errors, I'm typing on my smart phone at my 9 to 5 ugh. Thanks.