All Forum Posts by: Nate Ollie

Steven Juelke thanks Steven I will get the answers to these questions from her.

Jay Hinrichs thanks Jay I appreciate that

Walter Key my plan is to Wholesale the property if the numbers make sense

Hey guys, Was hoping I could get some help on my first pre foreclosure deal. I went to view the home today and I think its got good potential to be a sweet deal. Since this is my first go round with pre foreclosures, I want to make sure I cross my T's and dot my I's. I met with the owner today and got the reason she's looking to sell. However, in the midst of talking and viewing the property I forgot to ask how much she was in default for. I presume that's vital information to know, right? What other information should I gather in order to make an offer that's both fair to her and to myself? Thanks in advice for any guidance on this guys!

Great wholesale deal on a 3 bed, 2 bath home in Memphis, TN, just minutes from midtown and downtown.  Less than 2 miles away from beautiful Rhodes College.

Solid structure, hardwood floors. Needs primarily cosmetic work. Attic converted to unit with bedroom and bathroom with direct access via the side door and stairs.

Big back yard.

ARV: $70,000

For detailed photos and video click the link below:

https://www.dropbox.com/sh/l3pbiwjrvye9daw/AABeQhV...

If interested or curious, feel free to send me a personal message.

@Adam Bartomeo awesome advice Adam. Thank u!

Hey guys,

I just got my first house under contract the other week, and I just discovered that the property has about $12,000 worth of taxes owed.  I have it under contract for $8,000.  What do I need to, or what can I do, to come out on top in this situation?  I was asking $12,000 for the property, but with it having $12,000 in taxes on it, I'm not sure how to proceed.  Should I get out of the contract or is there an alternative?

I appreciate any insights

Thanks

you did a great job @Douglas Skipworth I learned a lot and loved hearing your success and horror stories. 

hi @Ned Carey thanks for the response...she is aware that I am a wholesaler, yes. I just wasn't sure if it was common or not. And I can close if I don't find a buyer, however I would much prefer to find one because I have no experience in REI yet

this may be a silly question, but is it common for wholesalers to assign contracts to other wholesalers?  if so, how exactly does it work?  im looking into a property that i like, and the numbers seem to work, however the person that showed me the house is another wholesaler.  how should i proceed with this?

thanks!