All Forum Posts by: Marian L Claville

In an effort to improve my real estate investing skills and better serve my buyers I have a couple of questions:

1. For my buy and hold people, what is a good cash-on-cash return on rental property? I know the higher the better but what is the minimum or rule of thumb?

2. I hear a lot of investors say "I only invest in B or C neighborhoods." What is the formula for rating neighborhoods? 

Thanks Joe you make me feel a lot better. I will not compromise my main goal for a "shiny object of distraction." Thanks truly....I'm about to go wholesale the heck out of these properties :-)

@Joe Villeneuve & @Jeff Morelock thanks for your quick response. I felt that way in a way, but I didn't want the opportunity to pass me by to reach my goal quickly.

Hello All

Since I last posted I have been hard at work building the wholesale side of my business. Recently, (yesterday) I came across a great deal for 2 houses. The first house is $10,000 that has a renter in the home paying $400 a month (which is too low) and another home that is vacant that I negotiated down to $13500. Both in low income neighborhoods that have high rent turnover but the homes get rented. My question is should I wholesale the houses or should I hustle and try to keep them for my portfolio? My goal was to get 5 rentals by the end of the year, but I don't have $23,500 just laying around......on the dilemma!

 Congratulations Charles! Hope all goes well for you! If I look through my network and see someone in that area I will definitely give them your information.

Best Wishes -Marian 

 Thank you Travis I am praying for patience and preparing myself more. I really appreciate your response.

Well judging from my research and responses this may not be a good property to wholesale:-(. It has been on the market for about 60 days and properties in that area do not sale to traditional buyers just investors because it is a high rent area.

@Travis Boyer thank you so much for your feedback. I have been read and listening to everything I can get my hands on about wholesaling and rehabbing since February & it is my fear not let a deal pass me by. When is the best time to start? What does a good deal look like or feel like? I am so motivated to start.......

@Travis Boyer

I have a question about a piece of  property I am trying to wholesale: the home is listed with a real estate agent for $27,500 it has a tenant inside who pays $500 per month. The home is newly renovated and I will get it under contract for $23,000 to $25,000. I just submitted my first offer of $23,000 and they want a deposit  $1000 before I officially submit the offer.

1. How can avoid paying the  $1000? 

2. What should I charge for my wholesaling fee?

3. How do I find buyers? (I'm very new to this)

4. What should I do?:-)

Thanks in advance 

I have a question about a piece of property I am trying to wholesale (this would be my first): the home is listed with a real estate agent for $27,500 it has a tenant inside who pays $500 per month. The home is newly renovated and I will get it under contract for $23,000 to $25,000. I just submitted my first offer of $23,000 and they want a deposit  $1000 before I officially submit the offer.

1. How can avoid paying the  $1000? 

2. What should I charge for my wholesaling fee?

3. How do I find buyers? (I'm very new to this)

4. What should I do?:-)

Thanks in advance