All Forum Posts by: Quincy Miranda

thank you so much! I love the example that will definitely help me

Hi all!

I recently received a call from a seller that owns two 6-unit buildings right next door to each other. He really wants to get rid of them both because he manages all his properties on his own, and these are adding a little too much work for him.

He is interested in owner financing the property to me. My question is how do I determine the value of the properties?

Where do I begin to start determining the value?

Thank you all in advance for your advice!

Hello all!

I have sent out my second round of mailers and I have received 15 calls in the first 2 days! About 8 of them seem like good wholesale leads that I have been working on. There are another 2 that I think may work well, but the properties are vacant land.

I am not familiar with dealing with this. Can someone please give some advice on where I start?

How do I determine the value of the land?

How much should I offer the seller?

How do I find my buyers?

Any help would be greatly appreciated! Thank you in advance for your help!

Lol Ron, gave me a great laugh! But I really appreciate everyone’s advice, I guess I am going to have to leave this one alone. I really wanted to help him out, would a loan modification be something I can suggest to him, that he may be able to do on his own? Or is it too late? 

Thank you! I am going to try seller financing, I would first like to see if the bank can bring down some of the fees they tacked on for the borrower to make this a bit more appealing. This was also suggested to me by another investor. Has anyone had any experience with negotiating with the bank to remove some of the fees from the foreclosure?

Hi Everyone! I am new to real estate investing and I have jumped into wholesaling. I sent out my first set of mailers a week ago and received my first call! The seller is very motivated and he wants to save his credit from a foreclosure. I need some advice on possible options.

Here is some of the information about the property and his issue:

ARV: 150,000

Rents for 1450

Minor Repairs (cosmetic)

He owes 23,000 to bring the mortgage current

They will auction the property 5/10/18

Original Loan amount 132,000

Bank is asking for 145,000 due to fees tacked on

Can someone please advise on what possible options I have for the seller? Thank you in advance for any advice!

also original loan amount was 132,000 but with the foreclosure process fees they are asking for 145,000

Hi Everyone! I am new to real estate investing and I have jumped into wholesaling. I sent out my first set of mailers a week ago and received my first call! The seller is very motivated and he wants to save his credit from a foreclosure. I need some advice on possible options.

Here is some of the information about the property and his issue:

ARV: 150,000

Rents for 1450

Minor Repairs (cosmetic)

He owes 23,000 to bring the mortgage current

They will auction the property 5/10/18

Can someone please advise on what possible options I have for the seller? Thank you in advance for any advice!

Hi Everyone! I am new to real estate investing and I have jumped into wholesaling. I sent out my first set of mailers a week ago and received my first call! The seller is very motivated and he wants to save his credit from a foreclosure. I need some advice on possible options.

Here is some of the information about the property and his issue:

ARV: 150,000

Rents for 1450

Minor Repairs (cosmetic)

He owes 23,000 to bring the mortgage current

They will auction the property 5/10/18

Can someone please advise on what possible options I have for the seller? Thank you in advance for any advice!