All Forum Posts by: Mohammad Haidarasl

Welcome to both BP and San Antonio! I hope you have an amazing time.

I'd say there would be a great opportunity there because of the fact so many people are there, or are moving there. As long as there are people buying $4 Starbucks, I'm sure there are people buying homes or looking to rent.

I am not sure to be honest, I take each case individually. I'd say that they felt they could get better for the deal, which unfortunately for them wasn't the case.

How's it been going for you doing probate? I'm interested in it but haven't gotten far with it as of yet. What's your opinion of it so far?

Thank you for the clarification on that. To be safe I changed my company name and already working on fixing my logo. I'll pass out whatever business cards I have left so they don't go to waste but I'll leave it at that and continue forward. 

I just find it hard to plug in all the details into the calculator where I feel a lot of stuff is subjective, and hard to get real numbers for. 

I guess I'm all over the place. My recent experience is lenders are asking me for money down for a property I was trying to acquire as a rental. I have no money down that was a problem. Even though I used BP calculators to prepare a document, I've had no luck. Not sure what I should do considering I'm 158K + interest in the hole. 

I'd say stay away. Asking me to pay money to get started? I'll pass. I'm here to make money not spend it. 

In general this is my understanding of the wholesale process, feel free to correct.

1) Get property under contract with seller.

2) Take contract to title company.

3) Find buyer, (give them copy of my contract I signed with seller, then fill a copy  of the EXACT same contract between myself and the buyer)

4) Collect non-refundable deposit from buyer and take that deposit as an earnest money deposit to the title company alongside the end buyers signed contract.

5) Wait for closing and collect wholesale assignment fee

Anything I'm missing? And by the way, is a $500 non-refundable fee fine to present to the end buyer? Considering you will deduct this amount from the wholesale assignment fee you will be collecting? 

 Thank you for the advice and it has been taken. Hopefully my new name is okay. Just worried about getting my logo corrected now. And how would you recommend getting the values for the BP calculator? Is it okay to use the utilities from the apartment I'm living in now as an estimate? I've never tried it before.

I just fixed everything and working on fixing the logo to correct the changes! Thanks everybody.

 I am looking into it a lot, and am very thankful to all of you for the precautions in using Realty in my name. I am going to be very careful with it and am making it a huge point to advertise that I am in no way a broker or an agent on my websites and any marketing tool I use. I am also going to soon enough consult with an attorney for representation just to be on the safe side. 

I actually live in an apartment complex but I can get a paper from the office that states all of the charges that I am paying for utilities, etc. Is there a proper way to adjust the values for what my place is compared to some place like a duplex or a triplex if I find some? Or is it a bit of hit and miss, experimentation. Cause the majority of the time I'll be punching these values into the BP calculators for the sake of presenting these values and charts to potential buyers here in San Antonio. I don't really have funds to pay an agent to acquire this for me every time, so using your technique of using my personal apartment's utilities I hope is accurate enough to get me to be able to get general conservative values that will be accurate for the calculator's. At first I will try being very conservative with the values. I'd rather be really safe than sorry.