All Forum Posts by: Mikey Cas

Hey guys, I've read alot on here about wholesaling and using that as a way to earn some cash. But what about using a wholesaler to find a good deal. I came across a guy who has a website and does wholesale deals and charges a fee for the properties he finds. If there are any deals on there is it worth paying the fee to purchase the property? Or is it better to keep trying harder to find a better deal.

Thats very true, How much could I expect to pay for an inspection? The seller tells me its only cosmetic work but I want to make sure and look for myself wit an inspector

Hey guys I have got alot of great advice on my rental questions so far. I have been looking into doing a rehab/ flip. I think I have found a few good properties. What are my next steps? I was thinking, do a market analysis for the area, finding several comps and getting a strong idea of what the house will sell for ARV, and find out the average time it takes for a home to sell in the specific area. Have an inspector,and appraiser look at the property. Get my finances straight. And then contacting general contractors to get estimates on the work. How does that sound so far. Am I missing anything?

Good info, the properties I am looking at are a couple hours away. Thats why I thought it would be easy to get the comps online to save time.

I have been trying to find comps for recent home sales and to gain a evaluation of what I can possibly expect to sell a home for if I rehab it compared to recent comparable home sales. I tried zillow, cyberhomes, they all are pretty good but sometimes I cant get any info on a home. Would it be worth going on Domania and paying the 30 bucks for a full list of comps, valuation, and trend graphs. It seems like a good deal. What do you guys do for comps?

Thank you for the advice.

Hey guys I have got alot of great advice on my rental questions so far. I have been looking into doing a rehab/ flip. I think I have found a few good properties. What are my next steps? I was thinking, do a market analysis for the area, finding several comps and getting a strong idea of what the house will sell for ARV, and find out the average time it takes for a home to sell in the specific area. Have an inspector,and appraiser look at the property. Get my finances straight. And then contacting general contractors to get estimates on the work. How does that sound so far. Am I missing anything?

I am thinking about going through seler financing with a property, I feel it would be advantageous for my situation. I know it varies for every property, but is it typically the same as having a conventional mortgage, except you dont go through a bank, the payments go to the seller? Would a 30 year loan through seller financing be typical? Or do they only want payments for a few years. Thanks

Sounds good to me. Thanks for all the great advice

sounds good me, thanks. Is there a maximum amount? I read somewhere they usually go up to $10,000 for a signature loan. Could you take out two personal loans, 10,000 and 5,000 or would they let me take out a 15,000. Thanks