All Forum Posts by: Mostafa Khalifa

Full gut rehab , $60 to $150 per sq ft 

speak to an attorney but we would never accept an offer from john doe, you have to sign your full name. Thus the reason why trying to hide identity is a joke, if you go to get a loan a bank will not lend to John Doe, you need to provide ALL your information which then goes in public records. 

I have cash buyers if you have deals in the detroit area

@Mostafa Khalifa something to think about - if I brought you a deal at 50% below the market value, would you be interested in buyng it?

Of course you would!

So, if you get an actual deal under contract, why are you worried about finding a buyer?

Put it on Facebook Marketplace, here on BP Classifieds, whatever other social media platforms you're on, etc.

Worse-case, put it on the MLS (a problem if you are NOT an agent, but then find one to work with!).

Every wholesale trainer tells their newbies to go build a buyers list because:

1) They also tell you to hit up this list for potential listings

2) You need someone to market marginal deals to & hope someone's desperate/ignorant enough to buy them

Know this, at least 80% of the offerings from wholesalers are NOT deals an investor should buy. Many, are stacked two or three deep with various newbie wholesalers all trying to get a piece of the action.

Find ACTUAL deals, advertise them properly and the buyers will find you!

You need to get in touch with real estate broker(s) who specializes in off market deals. They typically have a book of ready investors who specifically look for off market deals and can send out the addresses to them to gauge interest. If you do not have a real estate license it is a little more difficult to get in touch with these buyers as it takes time to build relationships with these types of investors. I would also recommend you start attending real estate investor meet ups or become part of networking groups where you are located. Also, keep in mind there are plenty of wholesalers out there that have given the concept a bad name unfortunately because wholesaling is technically not regulated like licensed agent/broker transactions are and people are aware of that, so trust is essential when you are looking to wholesale. -Natalie

Hey Mostafa, there are plenty of investors who will buy a property for cash in Detroit. It sounds like someone may have backed out due to inspection or financing. My suggestion would be to require someone to show proof of funds before viewing the property and make sure you are marketing the property "as is," meaning if something comes up on the inspection, they will not back out. Hope this helps! -Natalie