All Forum Posts by: Pablo Vignolo

thank you!

How so? 

Hello - thanks for willing to lend me a hand. I've had my real estate license in Florida for a little over 4 years now and have helped several investors buy and sell investment properties. Recently, I've started seeing a few properties that I could have done a wholesale deal on, but I'm letting them pass due to inexperience on that front. With that being said, I'd appreciate if any one with experience/knowledge could shed some light on the following:

1) As a wholesaler, what are the key details when filling out a contract. I understand I need to make the contract assignable, but if you could briefly explain the main points that differ a wholesale purchase contract from a regular contract.

2) How does the deposit work during a wholesale deal? Do I need to put down a deposit of my own money, and if so, once I find a cash buyer, how does that transfer over?

3) Any step-by-step guide/tips for doing my first wholesale deal will work.

I understand real estate terms and have filled out many contracts in the past, so I comprehend how that works; I'm mainly looking for guidance on how to exactly set up the deal when I reach out to a Seller.

Thank you all, every one's response is appreciated. Looking forward to posting my first success story here soon. 

Sent you all details of it.

Hi,

I'm a real estate agent in South Florida and have a lead on a property that would be a great flip for an experienced investor in the Boca/Delray area. Comps for this property range between 1.8-2.3m. Property purchase price would be somewhere between 1-1.2million. Needs lots of TLC. Property is waterfront with access to the ocean. 

If any investors are interested, please reach out to me for more details. 

If this isn't the right place to post this - please excuse my post and let me know so I can remove.

Thanks

Thanks everyone for the comments; I like the feedback on those Florida cities. I had seen Jacksonville has several SFR under $50k but didn't know about Lakeland and Sanford.

Hi all,

I'm new to BP and I was reading up on some success stories that the BP community has had on flipping homes. I started to wonder what are some cities y'all invest in that you can purchase a property for below $50k or so. I am in the South Florida market and $50,000 won't get you anything here, but out of sheer curiosity, I wanted to find out about other cities (any part of the U.S.)