All Forum Posts by: Ray Danishyar

Templates for what? Wholesaling isn’t a recipe lol 

Bruce, the trick is to get the house for a deep discount and offer cash. That’s the advantage and leverage as opposed to traditional seller. For example: a house is worth 350k, owner can’t afford it anymore due to job loss yet he owes only 150 on the house. You offer 200k all cash, then fix and flip. Let’s say for argument sake it needs 75k in work, so that’s 275k all in plus closing costs, you are in 286k. Now that the property is improved it’s worth 400k and you sell it for such profiting at least 200k. It’s worth it to work with a contractor in these scenarios. Let me know if you have other questions or you can just message me. 

How much knowledge do have in wholesaling?

@Christian Weber well your main goal should be finding distressed properties to scoop up and flip. Jane you thought about strategize ways to be in front of distressed homeowners then offer them cash for their home?

Hey Randy, I am in New York. Check out my profile. Let me know if you have questions. There is always business in New York since there is so much equity and higher taxes creates more motivated sellers 

If you are serious about it I would put some timelines and daily plans in place. It’s always good to start a linear process to help get to your goals instead of information overload where you feel overwhelmed at the end.

I think since knowledge is easily available and you may seemed overwhelmed. The key is to prioritize. I would simply make a 2 week, 1 month, 3 month, 6 month plan of a break down in what you want to accomplish and how. Whether big or small try to complete them and take it from there … putting things on paper will help you prioritize abs strategize. Dm me if you have other questions. 

@Jerryll Noorden hey who cares, you do you. Even bad press is good press :)

@Auryana Faramarzi I personally think buying a property “because you can’t find anything else” is a recipe for over paying specially in a hot market like Houston. I am in New York and buy and flip homes here but have been looking at rentals in Houston. Your best bet is to wait and find a good wholesale deal or maybe an all cash offer if possible. 75 a month isn’t high. It doesn’t even leave you room for a broken ac or any other repairs you might need to account for, not to mention at 355 is most likely an recently inflated number based on 2020 housing prices which we know are high.

@Antonio Cucciniello I buy the homes all cash for a decent discount, fix it and sell it. The hardest part is finding the homeowner but I’ve crafted my online advertising where I wake up and have leads waiting for me to call. I’ve spent years making it work. Now it keeps me busy and deals I don’t want I wholesale. Deals I love to fix and flip. I don’t do buy and hold in Long Island because high taxes eats up your rent profitability.