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All Forum Posts by: Nyeisha Clemons

Nyeisha Clemons has started 2 posts and replied 2 times.

Post: Duplex sales price

Nyeisha ClemonsPosted
  • Posts 2
  • Votes 0
I’m working on my first Wholesaling deal. I have a buyer interested in buying a duplex property in West Orlando for no more than $10,000. Is this feasible? Also I know I can drive for dollars but are there any other ways I can find properties or how can I get a good idea of what area I should even be driving to? Thanks.

Hey guys. I'm looking to get into wholesaling but I am confused on a few things

The first thing is how do i estimate repair costs when inspecting a home? I watched a YT video and he explained it using ABCD-Y classification. Each class had an associated price range for repairs. For example, Class A properties need little to no work and can be rehabbed for about $1-3/sq ft or $1500-3000. Is this the mot accurate system when making estimates?

Also, I was under the impression that I would not ever be possessing the property, only assigning it to someone else. If I am using my contract to issue ownership to my buyer what do i personally need too use a title company for?