All Forum Posts by: Michael Roesch

How can I meet a lot of wholesalers in my area Houston, so I can start evaluating deals to buy a flip?

I’ll look into them. It’s a good thing that the numbers have to be good, might make me reevaluate leads lol. Thanks for info.

I'm figuring 6 months to closing, some are 75%-80% of ARV. Do any HML defer interest payment till closing or do they all require payments while loan is active?

Looking into hardmoney lenders, so typically I’m getting 12% with 3 points because I’m a new investor. Can you get a HML with a balloon payment or is that just a personal lender? Just trying to figure out how much house I can afford.

From the HML I've been talking to in houston area, I been getting same rates from 12%-13% with 2.5-3 points for new investors like me.

Looking for Houston top Wholesellers or Wholesellers company’s. Anyone have ideas who or how I would find them.

I don't know how I just copied your reply, anyway I'm out here in katy and I was wonder if you knew of a good local REI I could attend. Just starting out.

Originally posted by @Mark Sewell:

Oh goodness, man yes, just go to a local REI meetup out there. That's the best way, find the guys that are out doing it. Social media will get you a zillion calls from wholesalers, claiming to have a huge buyers list (some actually do) and therefore the ability to close.

Actually the place I meet most serious local investors in Houston, my local area, is right here on BP.  So the answer might already be in your inbox.

No seriously, what you hare describing is called a wholetail deal -- something between wholesaling and retailing a house. -- and a lot of serious investors do this.  You could even do a partial rehab -- or just park a dumpster and clean the garbage out of it -- before handing it off to a local flipper.

Lol, no I’m a Mets fan and yes I jumped on the bandwagon. I see more Astro games so I have no choice. Oh yea.......go Jets!

I like a bunch of losing teams,lol.

Thanks Jodi G. I sent you a Pm.