All Forum Posts by: Luis Velazquez Lorenzo

Yeah, you're all right. Ive been getting a lot of negative feedback from cash buyers about the numbers, So tomorrow I'm going to have a walk through of the property and re-negotiate with the seller as I underestimated the price of the rehab significantly. Im man enough to admit when I'm wrong but Im also very determined to make this work for everyone involved. 

Quote from @Account Closed:

Quote from @Luis Velazquez Lorenzo:

I stayed up till 2AM last night submitting 20 applications to have "We Buy Houses Cash" Businesses make an offer on a property I have under contract. My asking price is $105,000 for a 2bd/1ba 986 SqFt home in Rock Hill. I got a lot of mix results from someone rudely telling me that they don't buy from wholesalers because "it cuts into my profits" to having a more serious person wanting to schedule an showing to take a look at the property. most of the offers were very low, from someone offering me 50k to 80k. The ARV is 188,000-205,000 depending on the rehab.

But I wanted to know what was everyones experience dealing with these kinds of companies. 

P.S: Some of these people told me flat out that they don't do fix and flips and all they do is wholesale.

 By the nature of the investors using websites like that to attract business, they are looking to buy very, very cheaply.

 Yeah I'm afraid so Mike, Its my first day into the marketing phase for this deal so I'm not trying to get discouraged and power through. I'm confident this deal will work for someone.

I stayed up till 2AM last night submitting 20 applications to have "We Buy Houses Cash" Businesses make an offer on a property I have under contract. My asking price is $105,000 for a 2bd/1ba 986 SqFt home in Rock Hill. I got a lot of mix results from someone rudely telling me that they don't buy from wholesalers because "it cuts into my profits" to having a more serious person wanting to schedule an showing to take a look at the property. most of the offers were very low, from someone offering me 50k to 80k. The ARV is 188,000-205,000 depending on the rehab.

But I wanted to know what was everyones experience dealing with these kinds of companies. 

P.S: Some of these people told me flat out that they don't do fix and flips and all they do is wholesale.