All Forum Posts by: Michael Bujnovsky

I'm currently working on a wholesale in Dallas on an expensive property. It wont be under contract till tomorrow most likely. I give it a 90% chance. The owner basically wont do it unless i help him find a place to move to over in Red oak. Finding a property to buy for him wont be a problem. I'm wondering if there is a way i could structure this or convince him to buy his red oak property lease to own. That way he wont feel obligated to stay there permanently. MY idea is to buy the property first subject to and then sell it to my Dallas owner rent to own through an AITD. Is this illegal or a better way to set it up without feeling like I'm cheating the system. Any thoughts BP?

@Nirmal Khanderia

I don't know to much about mobile homes, so ARV and rehab costs are gonna be inaccurate if i judge them. Also he says he owes 1800 in back rent/utilities and 300 cable bill. He says hes not trying to make his money back so Id assume PP is less around 2k. Its a 3-2 single wide.

I have a friend I know that is trying to get rid of his moble home and I don't know much about the niche or if there is profit in it. Hes willing to sell for extremely cheap and just wants the thing out of this life. Needs a little work but hes not looking to make a profit on it anymore.  If anyone knows how to approach this I'm willing to work together to find a solution. thanks BP 

@Mark Allen I haven't done any deals yet, yes my knowledge is from outside sources such as books and internet. As of right now I'm considering starting a flip. But every wholesaler I talk with is so unintelligible about what they are doing that it makes wholesaling seem that much easier. Ill definitely look him up. Also, appreciate your advice on the Roddy Meetup. Met a copious amount of nice friendly people there.

@Andrew Herrig 1000$ will be enough if I target the correct places. Driving for dollars has been efficient in some areas. Combining the two should be sufficient enough to start with. 

@Larry Im 16% is still better than no chance.

Looking for some guidance on what would be my best bang for my buck in the dallas area. What would you guys do. I'm not really good at marketing but I'm EXTREMELY well knowledgeable of the wholesaling process. Any help would be appreciated. As of right now I'm just fooling around on Listsource.com to familiarize with it, but I'm not sure if its the best option so I'm holding off on the buy button.

I'm currently making my own site and have business cards being shipped as well atm. 

Thanks guys and gals!

Thanks for the advice Karan. I'm currently generating a list from listsource.com and finishing my website as well as business cards. Figured those would be a good way to start. Ive also generated a 70 odd list of local competitors in the area to learn from as well as base my marketing against.

The roddy meetup is held monthly and the next meeting is on 8/8/16. the meeting is in addison and cost $10 but free if you preregister. I really enjoyed the environment and networking that was available there. They offer free food as well as alchy. You can also choose to network the whole event or sit in the auditorium for their free lesssons on a subject of the month. Quite versatile. 

http://www.meetup.com/RoddyRoundUpDFW/ is the link. perhaps ill cya there.

$22 per sqft is a good ballpark estimate for rehabs. That invovles most basic things like walls, flooring, exterior, bathrooms and kitchen remodels. I would recommend getting a appraisers second opinion if your offer is accepted. Then your desired profit and fixed costs. 

Find a local REI Club and network. You don't need an LLC to wholesale, but one is required for most hard money lenders if you choose to take your business further. I haven't completed a wholesale yet but I can offer you that much. Gl buddy

Welcome to Dallas Karan,

I just recently went to the Roddy meetup and its the best I've been too in the area. I haven't completed a wholesale but know the process. Struggling to get leads atm, any advice on marketing? Reading as much as possible and have no clue where to start.

Best,

Michael