All Forum Posts by: Melissa M.

Good Evening Bigger Pockets!!

I have a question regarding a wholesale deal.  I got a phone call on a property that is currently tenant occupied. The owner of course, feels it is worth much more then what I can get on  my comps, but only because it is zoned commercial and residential.  So my question is, how do I figure out what it is worth if we tried to market it as commercial?  I have a feeling that the answer is not going to be a simple one LOL. 

The owner wants to break even on the mortgage, so she owes $120,000 and my comps are telling me its really only worth $160,000 so even with those numbers, I know its not much of a wholesale deal, especially since it needs about $15-$20,000 in repairs to make it pretty again.  So really, I am just curious, when people say to me, but its zone commercial so its worth more, is this true?

Thank you in advance for any help I can get, I love Biggerpockets because there are so many knowledgeable investors on here!!

Hi Steven,

Thank you for your help, I really liked your idea with the hard money as I had thought about doing this before.  We did end up finding someone to help us, I'll let you know how it turns out!!!  Have a Merry Christmas!!!

Hi everyone!! I am a wholesaler from Pennsylvania and I have a deal under contract in Vero Beach Florida.  She is a friend of ours and just wants to get rid of this property.  That being said, we are in need of a title agency, especially one that might be able to do a double or simultaneous closing? I would especially like to use someone that has gone through this process with you in the past.   I would greatly appreciate any help we could possibly get!  Thank you in advance!!!

I am looking for an agency that might be familiar with the double closing process.  That would be great!!!  Thank you in advance!!!

Hello Bigger Pockets,

I am looking for a title agency in the Vero Beach area.  I currently have a house that I would like to put under contract for a wholesale deal, however, I am in Pennsylvania.  This woman lives in Florida.  She is a good friend of my husbands and understands that this will be a wholesale deal.  If someone could  recommend a company that they have used for an assignment deal, that would be great.  Thank you for your help!

Yes how did your deals turn out?

Congrats Shawn!! I'd take any $$ profit just to say I did it once! We are just starting out in wholesaling and I know the first deal is always the hardest. Good for you for staying with it and not getting discouraged! Sounds like you have a lot going on too so doing that as well must have been a challenge! Great job!!!!

I'm cracking up about the mini book post!!!!

Any updates on using this list??

Updates??