All Forum Posts by: Patrick Reagan

Thanks guys.If I were to buy,how might a "wrap around" mortgage work in this scenario?

I am looking to wholesale or possibly buy a property that has good rental income,equity,and a mortgage.As a wholesaler,are you simply trying to negotiate the best selling price or are you looking ahead and anticipating what the buyer may want in terms of the existing mortgage?

Hi Ned,I'm referring to a multi-family rental property.Thx

Ok,I'll give it a whirl.

What's the current CAP rate,or average CAP rate, for Union County,New Jersey?

Yes,Al,what I meant was, what is considered good or great rental income in terms of ROI.Thanks

What is considered good and what is considered great rental income?

Some great suggestions,guys.Thanks so much.

I started wholesaling a few months ago.Beside being honest and do what I say I will do,are there any other ways to help build credibility?

Also,what are your favorite selling points about the wholesale process?

I am looking to be a more effective communicator with sellers.I am wondering if some of the more experienced/successful wholesalers can give a brief outline of their initial conversations with sellers.Also,what are the benefits you lay out to the sellers as to why they should work with you, and how do you handle certain objections.Thanks

Thank you,Jerry.