All Forum Posts by: William Higdon

@jg 

@JG Utley Count me in as well. I would be interested in the deal.

Thanks and best wishes

If it's in the 1400 block, it needs a lot of work and she is wanting way too much for it. When I spoke with her she was very un-realistic about the properties she had she was trying to get rid of.  

Best wishes

@James Wise

Both to my understanding. Mainly he doesn't think that they are doing enough to sell the property other than just listing it. That and communication issues. Un-returned phone calls, text, etc.

@Jason McKinley

Good to know. I was under the understanding that any property that did NOT need rehab or repairs was considered turn-key. That makes more sense that it needs to be cash flowing already.

Thanks fellas

Good to know fellas. Thanks for your input! It is greatly appreciated!

Yeah not flippers or retail buyers. My thought was to market to buy and hold landlords looking for a turn-key property that would cash flow for them without any needed repairs. 

I used wholesaling terms and points of view because that is where my experience ls. Sorry for the confusion. 

And yes, 800 without a mortgage and somewhere around 400-500 a month with one. How do I know in advance if a potential buy would have to take one out until I find an interested party? 

And I am not looking at ripping anyone off. I just wanted to help solve a problem and make a buck in the process where the end buyer was able to make money too. This is my first assessment of a turn key option to move to an end buyer. Most likely a buy and hold because like you, I dont see the benefit for a flipper or retail buyer in this situation. 

@Edward Rhoads

It's turn key, no repairs needed. Why would you want 60-70% of retail for a turn key if you are looking for a rental property? Am I missing something?

I thought that 10-15% of retail was a good a margin for an Income Deal? That is what most people have said on here to my knowledge. I'm new to the Turn-Key property area of all this, so I'm still learning, hence posting on this forum.

Thanks for your input and feedback!

@Steve Vaughan

My apologies, I did omit that info.

The property is un-occupied as of right now. Estimated rent by him (not me) is around $900-$1,000 a month. 

The annual taxes are $1,809.

No HOA fees.

Friend of mine is a flipper and has this house listed on the MLS in Evansville, Indiana but is not liking the Realtor he has on the property, so I offered to wholesale it for him. Here's the deal we are discussing:

Address:  1012 N Fairlawn E Circle - Evansville, IN 47711

Purchase price: $81,500

Listed price on MLS: $89,900

Appraisal Value: $91,500 to $94,000

It's a turn-key property recently flipped and updated. The deal would leave a good $10K or so to the new owner. 

Is this something I should move forward with?

Thanks in advance for your advice and insight. 

@Account Closed is unable to help move the property for some reason, I'd like a shot at helping. My network is still growing but I do have a few Buy n Rent Investors looking for properties in Evansville, In. 

Feel free to contact me on here through Dm, or via email or phone. The owner does have options and you can cash in to if you find the right partner on the deal. 

Best O'luck,

Wm

@David Carlton Carley Welcome!

@Shawn Holsapple gave some great advice!

I have 2 house about to go under contract that will be assignable to an investor. One is in Greenwood, IN and another is in Indianapolis.  They will be ready for viewing and purchase consideration by Monday of next week. Good deals under the 70% Rule. 

Please contact me if you would like some info on these opportunities. My contact info is on my profile.