All Forum Posts by: Marques Rounds

@BrentonWombles, would you be interested in properties from the Indianapolis area? I have one which I can assign to you. I'm putting it under contract as we speak. I'll email you a little more information about it. Thanks!

Does anyone know any websites/apps that can find the equity in a property using only the information provided in a listing?

Thanks @waynebrooks and @cosimoribezzo for your input. Specifically, I need advice from ones who wholesaled in the Bay Area, California. No offense, the market is different than it is in FL, NC, & ON. Thanks!

@JosephBall, where do you suggest I go get motivated sellers from?

Thanks everyone for your input on this, truly appreciated.

@KerrySmith, thanks so much for this formula and information. We have not submitted 20 offers as of yet, and so I guess were still going through the growing pains of this process. We will definitely use your formula, and continue to submit as described. Thanks!

Were looking at wholesaling a tri-plex in TX. Great Income property or wonderful for extended family!! Currently 1 unit is occupied. Monthly gross 2400 month when all units occupied. 2- 1 bedroom 1 bath. 1 -2 bedroom. Seller will consider carrying note with 30K down. What does 'seller will consider carrying note with 30K down' mean?

We need your assistance. We live in San Francisco, CA, starting off in wholesaling. We are having a hard time getting offers accepted. Were always told that our offers are too low. We feel like were doing all the calculations correctly, ie closing costs, rehab cost, assign fees, so that whomever we assign it to can make a generous profit. For instance, there was a probate property in Richmond CA which we submitted an offer for $144,726. The listing price was $195,000. Someone else submitted an offer price above ours, and is getting preference over ours (which I understand). The ARV is $206,752. How low should we have gone? What should have been our assignment fee? We really need assistance with submitting offers. Thanks!

Thanks so much @KerrySmith, we appreciate the information you've shared with us.

Good evening, were new to real estate investing in the Bay Area, California. Mainly looking to assign contracts to cash investors to start (wholesaling), then eventually looking to rehab properties ourselves. Starting with SFRs, then to multi-units, then lastly commercial. Eventually, onto to buying tax liens, notes etc. We look to have a nice size portfolio by the end of the year.

Were newly married, and is looking to start this business venture together as a couple, so that we can build our future together. We have already attempted to put offers in for properties, for what ever reasons, didn't fall through. We are very determined for this work.

So glad to be apart of biggerpockets. Looking forward to the year 2015!