All Forum Posts by: McCall Russell

Good day everyone!

I would like some feedback on what you would have a virtual assistant doing for you in your company for you to have more time creating and planning. I know it's based on everyone's individual work load but what would be some core things you would delegate? Thank you for your time and response!

@Lydia S. Hey, that did come across my mind!

@Jaron Walling thank you for your input. I was thinking the same. The other properties that were bought look like they're all in the same condition. The area is developing and thought it would be a good time to find something now. Zipcode 30341 in Atlanta. Chamblee/Brookhaven area. I know you're in another state but you could know the Atlanta market. I'm still learning how to discover what is a good deal and not. I know it's base on the numbers. I live close to the area and started to drive around to see if there were any vacant or homes that need some TLC. Then again that's time consuming. Need to learn an more efficient way. I've attended a couple meetups and I've noticed most say people have given them leads.

@McCall Russell

The property I'm looking at and the comps are all 2 bd 1 ba with the exception of 1. They all need full rehab and the comps recently sold for $1,350.000 each. It's 4 properties right next door to one another bought by the same company. The subject property is 3 houses down from them, listed for $294,900. I know it would be best to add an additional bed and bath.The property has been listed for 92 days and I reached out to the Realtor to schedule to go view it but they advised the home is occupied and the seller hasn't replied to them. What should my next steps be and what would be the best way to analyze it with the comps being way higher than what it's worth?

@Mark Sewell Thank you for your input. That makes a ton of sense!

@John Thedford Think you misunderstood my question. From what I know about in Wholesaling, you get a property under contract but I myself are not actually putting in the funds to purchase it. I assign it to someone that will. My question was basically how do I get the seller to sign a contract when I am not the one putting in the funds. Do I disclose that I'm a Wholesaler and that I will find a buyer purchase the property? FRAUD is NOT in my DNA. :)

@Greg Dickerson I really appreciate this information. You have given me a guide to break down and study each and every necessary step I need to take!

@Will Barnard Awesome! Thank you for your advice! The short period of time I've been on BP I have learned so much! Glad I came across it. Will continue to learn so I can apply. I will be attending a Meetup later this week!

So I'm in the learning phase of REI and want to start taking some action. I know I want to have buy and hold multi-unit properties but been a little confused what I should start with since I haven't had any experience. From my research Wholesaling would be a way to get in and learn hands on. Getting acclimated with analyzing deals and getting comfortable with communicating it. From my understanding once I find a motivated seller and put the property under contract, than I find a investor to purchase it and I make whatever I put the assignment fee for. If that's correct? I've been searching on different sites for properties but all are listed properties. What other way am I able to locate un-listed properties? Where can I locate and learn how to fill out the contract? How do I approach the seller advising I'm wanting to purchase the property but I'm actually not the one purchasing it? How do I guaranteed to find someone to assign the contract to? Do I need an attorney? Thank you all for your time that I value and looking forward to reading your responses.