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All Forum Posts by: Quinton Huntley

Quinton Huntley has started 20 posts and replied 34 times.

Post: 18 and Wholesaling

Quinton HuntleyPosted
  • Posts 35
  • Votes 6
Originally posted by @Jonathan Martin:

@Quinton Huntley you can use the 70% rule (look it up on BP) if you not familiar or use a Sean Terry tip figure out the ARV and offer seller 43-53% of ARV. Your price to buyer would be 58-63%.

Perfect, thank you, I'll give it a look. Thanks so much.

Post: 18 and Wholesaling

Quinton HuntleyPosted
  • Posts 35
  • Votes 6

I'm 18 and want to get started investing in real estate. I don't have enough money to BRRR anything yet so, I thought what, better way to get started than wholesaling. I went around the area I live a collected over two pages worth of address of run-down houses. I went back home and made sure they were not recently sold or the bank-owned them. I also went on Zillow to get an idea of how much they would be worth all fixed up. I'm working on a postcard to send to offer to buy their property. But, my question comes in when someone wants to sell their house to me how do I line up another investor to buy that property quickly? Also, if you already wholesale, how much do you try to buy the property for? For example, if a house's ARV is 100k and needs about 25k worth of work and, you need to leave some room for the investor to make some money how much would you profit, and what would try to buy it for?

Post: 18 and Wholesaling

Quinton HuntleyPosted
  • Posts 35
  • Votes 6

I'm 18 and want to get started investing in real estate. I don't have enough money to BRRR anything yet so, I thought what, better way to get started than wholesaling. I went around the area I live a collected over two pages worth of address of run-down houses. I went back home and made sure they were not recently sold or the bank-owned them. I also went on Zillow to get an idea of how much they would be worth all fixed up. I'm working on a postcard to send to offer to buy their property. But, my question comes in when someone wants to sell their house to me how do I line up another investor to buy that property quickly? Also, if you already wholesale, how much do you try to buy the property for? For example, if a house's ARV is 100k and needs about 25k worth of work and, you need to leave some room for the investor to make some money how much would you profit, and what would try to buy it for?

I understand all markets and deals are different. But what amount should I am for, for cash flow on a property? I’m trying to plan out my goals and what it will take, thanks for your input and help.

I'm 17 years old still in high school. I've been doing stocks for about 3 years and have done very well, but the end goal is real estate.

I want to hear your opinion on how realistic these goals are and if you have any advice that would help a ton.

I'm going to use the BRRR strategy to build up the base of my portfolio the money for down payments will come from money invested in the stock market. I will continue this process intel I have built up enough money to go into more commercial real estate.

The goal is $1,000,000 in cash flow by 50 years old.I understand there are a lot of unknown factors but are my expectations set to high for real estate or is this achievable?

I was wondering if there was any real estate investors in the Charlotte NC, Rock Hill SC area. If so I would love to hear about your strategy’s and your success as well as some tips if you were to do it all over again.

Post: This might be a dumb question

Quinton HuntleyPosted
  • Posts 35
  • Votes 6

@Mike M.

Thank you

Post: This might be a dumb question

Quinton HuntleyPosted
  • Posts 35
  • Votes 6

This might be a dumb question but once you bought rental property what are some good ways to get the word out there to get those rental filled?

@John Warren

Thank so much and will do

If someone buys a property and wants to increase the rent what should they focus on fixing up? Kitchen, bathroom, lighting,ex.