All Forum Posts by: Richard Decoste

Im looking into a 3- 1Family deal in Muscle Shoals, Alabama. The owner is in his 70's and wants to retire. I'll be collecting $1400/month total. They are next to each other on a 2 acre property. He wants $125,000. Should I jump in?

Mr Harris, I am new to this forum and to real estate myself. I would go on eppraisal.com and look up properties in "hot" markets of Charlotte. They list comps of properties nearby if they cash buyers or not. Then skip trace the cash buyers.. If LLC, then look up the SOS for info. I think.

Not greedy. Definitely sounds great, but you need some research. Post your area and look for a mentor from this forum in your town. This looks like a very possible deal. Get some friend requests and do your HW. School is in session!!!

I am new to wholesaling in the NYC. I have driven around and sent out yellow letters in Brooklyn and Bronx. I have a lead which is a 5unit with a 3 car garage. The 3car garage is on a 25x100 lot. The seller is in his 60s and wants $350,000. The Zestimate shows for 415,000. Neighboring properties with the same square footage recently sold between 400,000 and 475,000. I found a closing attorney to do the dea who has an end buyer/contractor. The problem is he said I can't use my biggerpockets p/s form to make an offer. I should make an offer using a letter.

1- How much should my offer be?

2-The property has no mortgage, but has three tax liens bought by BNY Mellon totalling $60,000 + a mechanic lien from an oil company. Do I need to contact BNY mellon or is that my closing agent's worry?

3-I want my fee on paper, in writing