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All Forum Posts by: ROTIMI OLUWO

ROTIMI OLUWO has started 3 posts and replied 33 times.

Post: Where to find equity partners?

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

The best way is to find the deals, put some cash up and equity partners will find you. 

Post: Where to find equity partners?

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

This is a joke right, why would anybody write a check for millions for a company with no track record. How much are you putting up for the 260 mill deal ?

You might wanna get  another attorney .You just can't tell a paying tenet to vacate their dwellings just so you can market the property , unless they choose to, they paid to live in peace and not get bugged by the PM . Be ready to get slam by a judge if tenant takes this to court . Good Luck 

Post: Property Worth?

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

Somewhere between $30,000 and $5,000,000  

Post: Wholesaling. Might be harder than I thought.

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

Aleast you are not paying thousands to gurus for the simple truth, wholesaling is much harder than gurus potray

Post: Will someone review this deal for me?

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

No personal money in and 10 %cap rate. I say got for it  No real loss if deal went  south 

Post: Wholesale properties

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

Google is your friend.  

50k potential on a million dollar deal sounds like  a money pit. With structural issues,  that 50 might turn into a loss Quickly

Post: What would you pay ?

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

So I am looking to get into real estate using the quad/ owner occupied method.  http://www.coldwellbankeratlanta.com/property/details/2156583/MLS-7375131/393-Stone-Mountain-St-Lawrenceville-GA-30046.aspx Here is a listing just down the street from me. Decent area. rent is about 575 each. What would consider a fair offer ? The building is in a complex of like buildings . For your guys in the ATL how would you rate the listing ? 

Post: wholesale potential deal HELP NEEDED =)

ROTIMI OLUWOPosted
  • Lawrenceville, GA
  • Posts 41
  • Votes 18

$100 deposit on a property worth 2 mil !!!!! you should get a more experience  person to guide you. You are asking basic questions which shows you are not ready for a deal this big. Good Luck