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All Forum Posts by: Paul H.

Paul H. has started 4 posts and replied 12 times.

Post: Questions when working with a new/unfamiliar wholesaler

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @Jesse Dominguez-Castelan:
Quote from @Paul H.:
Quote from @Jesse Dominguez-Castelan:

Paul, as licensed agents my team and I do our best to find out as much information from the seller as possible so that we can provide you with what we hope is a complete picture of the property. We then like to provide our clients with photos, tax information and comps. We do encourage doing your own due diligence even though we are providing all this info. We also double close so that we can guarantee you with a free and clear title. Hope this helps!

Thank you for the reply @Jesse Dominguez-Castelan!  Yes I would definitely do my own due diligence.  The deals I've had sent to me very often are a bit on the ambitious side with comps and rehab estimates.


Depending on what resources are being used to find the comps they may be ambitious. Until whoever is sending you these opportunities has the conversation with you on how much you'd like to make on a deal, how you figure your ARV and how you plan a rehab/ costs they are likely going to continue sending you opportunities you won't find too appealing.

 Makes sense.  Thanks @Jesse Dominguez-Castelan!

Post: Questions when working with a new/unfamiliar wholesaler

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @Jesse Dominguez-Castelan:

Paul, as licensed agents my team and I do our best to find out as much information from the seller as possible so that we can provide you with what we hope is a complete picture of the property. We then like to provide our clients with photos, tax information and comps. We do encourage doing your own due diligence even though we are providing all this info. We also double close so that we can guarantee you with a free and clear title. Hope this helps!

Thank you for the reply @Jesse Dominguez-Castelan!  Yes I would definitely do my own due diligence.  The deals I've had sent to me very often are a bit on the ambitious side with comps and rehab estimates.

Post: Questions when working with a new/unfamiliar wholesaler

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7

As a new investor starting to look at wholesalers, what would be pertinent questions to ask about a specific deal?  i.e. Condition, pictures, any financials they can provide.  Is the property vacant?  what are some other major red flag questions you might ask?

Thanks,

-Paul

Post: New Investor residing in Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @Savannah Holzer:

Hey Paul! It sounds like you're taking a thoughtful approach to real estate, and the BRRRR method could be a great fit for you as it aligns with your goal of generating passive income. With BRRRR, you can build equity by purchasing, rehabbing, and renting out a property, then refinance to pull out the cash and reinvest into more deals! At Easy Street Capital, we provide a one-stop shop for investors like yourself who want to fix up a property and then refinance using a DSCR loan. This structure lets you leverage rental income to qualify, without needing traditional income verification, making it an excellent option for building/scaling your portfolio. Feel free to reach out if you want to explore your options or if you have any questions!

 Thanks @Savannah Holzer.  I will certainly keep that in mind.  Appreciate it!

-Paul

Post: New Investor residing in Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7

Thank you @Jesse Steggall.

Post: Agent on the Eastern shore of Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7

Thanks @Alex Failaev.  Sent you a PM.

Post: Agent on the Eastern shore of Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7

Hi there.  Can anyone recommend an agent working on the Eastern Shore of Maryland?

Thanks
-Paul

Post: New Investor residing in Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @John Mason:

Paul Welcome to Bigger Pockets !

 Thank you @John Mason!

-Paul

Post: New Investor residing in Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @Andrew Syrios:

Welcome aboard Paul!

 Thank you for the welcome @Andrew Syrios!

-Paul

Post: New Investor residing in Maryland

Paul H.
Posted
  • Investor
  • Southern Maryland
  • Posts 13
  • Votes 7
Quote from @Nick Belsky:

Hello @Paul H.!

Welcome out of the shadows! Lol.  Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights. Great tools that get updated regularly.  Tons of support here so ask away.

I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

We are all here to help you learn and grow. Feel free to ask anything, anytime.

Cheers!

 @Nick Belsky Thanks very much for the offer for help!  I'm sure I'll need plenty of it along the way.

-Paul