All Forum Posts by: Matt Tobler

Hi my brother and I are making offers on our second flip. Would it be a good idea to send in a spreadsheet or an explanation of why our offer is so much lower than asking with our offer? Without using a wholesaler we’re offering on foreclosed and hud Homes but almost 100% of the time it’s about 30-40k less than asking price. Interested to see some responses on the matter. Thanks!!

Hi I’m looking for a motivated agent in the Minneapolis area. My brother and I are trying to get our second flip and need an agent that’s not afraid to offer well below asking price as well as multiple offers per week. Bringing us properties is also a plus. All of our offers will make sense for what we do so they won’t be made up numbers just to piss off the sellers. Thanks in advance.

Well I found the listing on Craigslist, in the listing it says handyman special. So basically from what I get from it is that he wants the house to be updated. It’s my first one so I’m just going to dive in and do my best to answer any questions he has. What’s the worst that can happen, he says no? From there I will contact my lawyer and have him look over everything before any money is moved and anything is signed. From the add it appears that he may be in financial trouble with the house so maybe the best bet is to just try to take over his payments and figure out a purchase price, then rehab it. This will be my second deal, first was a traditional hud house flip where we made 49k all said and done. My brother and I are both still learning and figured that the best way to learn about something is to just go out and try it.

Awesome! Thanks for the response! ☺️

I’m wondering if I were to find a house that is Rent-to-own under a lease purchase if I would be able to rehab the house and sell it. I would enter the deal with my down payment, negotiate asking price and potentially off to pay my year lease in full. While I’m in the lease I’d rehab it and quick sell it. After the sale I’d pay the owner what we agreed upon and take the profit. Basically I’m trying to figure out if that is possible or are there some rules that state that until the house is completely paid off I cannot sell it. Thanks for your help! Matt

I’m wondering if I were to find a house that is Rent-to-own under a lease purchase if I would be able to rehab the house and sell it. I would enter the deal with my down payment, negotiate asking price and potentially off to pay my year lease in full. While I’m in the lease I’d rehab it and quick sell it. After the sale I’d pay the owner what we agreed upon and take the profit. Basically I’m trying to figure out if that is possible or are there some rules that state that until the house is completely paid off I cannot sell it. Thanks for your help! Matt