All Forum Posts by: Morgan Eriksson

Hi Troy, what exactly with wholesale are you struggling with? 

Bigger Pockets for sure. I also really like the real estate disruptors podcast

@Josh McCullough gotcha! thanks man. 

*** EDIT *** just saw you lived out of state so disregard the first part... The easiest way to get around the 20% down rule would be to buy it and live in one unit. If the property qualifies for FHA loans you could potentially put down as low as 3.5% and rent out the other unit. The plus side to being owner occupied you could also do a 203k loan and that could cover your renovation costs built into your mortgage, downside your dad i believe wouldn't be able to do the renovations for you but another non related contractor could. the lowest i've found that is acceptable for low downpayment loans is 15% here in my market for investment loans.

Things i look for in small multi's: are they on separate water and electric meters? how are the HVAC's? How is the roof? How is the water heater, what is the parking situation for the unit's? are there hookups for washer and dryer?  then basic stuff an inspector would typically look for. It also wouldn't hurt to ask for the "rent roll" or rental history and copies of the leases. 

Good luck!

if it's just one house I use deal machine, mail a postcard, then they have a feature where you can look up users phone and email address. 

nice work! @Josh McCullough just curious how did you locate this deal! i'm looking for a mobile home park as well but struggling to find one. 

Hey Anthony! welcome to BP! I'm in the greenville market and love it. i'm a realtor, investor and wholesaler love to help you out if you are looking for deals or looking deploy capital in the solo 401k. 

I’m only familiar with the Greenville area but I attend the ucreia meetings that occur on the 3rd Monday of every month. https://www.upstatecreia.com/ most of the meetings are decent. Typically a lot of people attend too.