All Forum Posts by: Nathaniel M Cooper

 Thank you @Linda Govan. What should I say to buyers without sounding annoying? I heard some buyers don't even wanna talk to you without having a deal under contract.

Thank you @Linda Govan. That is a great for homes with little to no real need of repair. The question I have is what if their is a home that is extremely distressed. In need of major repairs and is not suitable for living due to some fixing that are safety issues but has potential? Could I find Tenant buyers that are rehabbers who would use that time to fix and repair the home then flip and sell to close me out thus closing the orignal seller out depending on the terms and years? Are their Rehabbers and Fixers that would do this as opposed to a straight assignment. I hope I was a bit more clear on that.

Im trying to weigh my options. Had an low ball offer rejected but built some rapport with her on the home. A lease option would be a great solution to her problem since she is not in a hurry to sell bit is stressed, however its an older house and needs a lot of work hence the low ball offer. Maybe even a gut rehab.

Are there tenant buyers who would fix then flip a property that is distressed? If this is the case how would I go by finding them? I understand the risk, I just need to find the buyers.

 That sounds about right. Is there a way I can put pictures on here for example? Maybe links? Not sure if thats ok.

Newbie wholesaler in Chicago taking action here and so far hitting my stride. So as I search for distressed properties to wholesale, I keep running into these properties that are 2 unit, 2 Story, Georgian style homes that look like Condos. The thing is these don't have HOA's and each unit has an owner and its own parcel number. I'm not sure how to approach these as a wholesaler. If I were to acquire a contract from the owner, how would I market it? What would be my ideal end buyer, and what would I comp it against? Any one with experience in South Side Chicago wholesaling would be helpful.

For information sake these properties/units are vacant and extremely distressed. 

Hey everyone. I was wondering. How do you figure out deals not with older frame houses? Comps are hard to come by and I can only find newly sold brick ranches with similar numbers. Style and age are different.

Are there cash buyers that buy this stuff? This use to be a rental for 600 a month and asking price is 44k. I want to go low but man, I feel like I'm stealing their house.

Thank You @Daniel Guerra, this should help a lot.

Thank You @Joe P.. I do appreciate your help. Also, how would I go about the contract from long distance. How do you do that if ever?

@Joe P. Exactly. The 100, 000 is the asking price, i'm not going to assign it for that but I do see what your saying. IT has to make sense. 

I can figure gas, elec, and water but I don't know how much insurance cost here.

I also didn't ask for the HOA but I think its 150.

Hello guys, I am in talks with a property owner who wants to sell. This is going to be a Wholesale deal. 

Disclosure: I'm off to a super beginner start so I may have screwed up or don't have enough information so I hope I can get some advice.

The property is a condo.

Purchase/ Asking Price is $100,000 (This is not negotiated yet)

1 Unit - 1 Tenant - Currently paying $1000 Per Month

2 Bed

1 Bath

Basement with Washer/Dryer.

The Owner is Out of State.

In addition I am trying to find out the Market Cap Rate in the area. How do I go about finding that quickly. I know how to find the property Cap Rate, just need the Market Cap Rate. I also need the typical cost of things like Lights, Gas, Water. I didn't ask, I was so nervous but I can ask in my follow up.

Lastly, if this is a deal. When I talk to the Seller, how do I arrange for him to assign a contract? I got permission to look at the property but if there is a Tenant I don't know how to look at the property. My heads spinning, please help.  Thanks.