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All Forum Posts by: Rene Nelson

Rene Nelson has started 1 posts and replied 5 times.

Post: Deal Or No Deal This might be my first wholesale deal help

Rene NelsonPosted
  • Wholesaler
  • Posts 5
  • Votes 0

I might just get my first deal if I play my cards right but I need you guys help please !

I saw a property and contacted the agent on Zillow I got in touch with the buyers agent he says he has lots of off market properties... fast forward

He emailed me a property and the terms of purchase and one of them is POF and $5000 EMD NON REFUNDABLE

AM I SUPPOSE TO SHOW POF OR IS THE END BUYER ?

AM I TO PAY THE EMD OR IS IT THE END BUYER ?

Asking is $167,500

ARV $269300

Rehab heavy 50-70k

Assignment $15k including EMD NON REFUNDABLE WHICH IS $5k

MAO $108510

Agent need pof or escrow deposit

Seller is relocating and inspection would have to be when inspection period until Wednesday (I don’t understand what that means)

HELP !! DEAL OR NOT

Post: Virtual Wholesaling

Rene NelsonPosted
  • Wholesaler
  • Posts 5
  • Votes 0

@Bobby Musser

I would love to work with you. Hit me up if your interested

Post: Virtual Wholesaling

Rene NelsonPosted
  • Wholesaler
  • Posts 5
  • Votes 0

@John Kent

Good advice. I’m currently just starting out virtual wholesaling I’ve called two listing agent about a property that has been on the market for about 200+ days the problem is I just don’t know how to calculate the arv to make an offer to the agent and how I would get a title company. I need more help can anyone offer some advice

@Scott Kunz

Text now app is totally free you get to choose the number you want you don’t have to pay a dime unlimited calling and texting used over internet connection

sellers in financial situations are more likely to sell , divorce, bored landlords etc. you just need to provide them with a good deal