All Forum Posts by: Ryan Nguyen

after reading the replies, what if you were locked in at a fixed interest rate?

Im surprised it would rent that high considering a duplex. I am in search for duplexes and considering spending 200k> buy thet are so hard to find.. I wouldn't mind boughting a condo. But i know condos dont appreciate well

Is it me , or is it very hard to find good duplex deals in Colorado? I am trying to find a primary home (Duplex) but there are none on the market? I believe realtors are probably taking the deals though, Yes or No, Thoughts? Brandon Turner (Any colorado investors) I couldn't Tag.

I hope I can make it, I will mark this on my agenda!

Brandon Turner - the first paragraph answered the main question which I can understand why its risky.

I thought wholesaling also used sub2 contracts but then I remembered you are basically just selling the contract you signed with the seller to purchase the property. I initially thought you had to use a SUB2 contract and then you can find a buyer who will pay more than what you got it for from the seller.

Fix and Flip, uses sub2 which now I understand. THank you for clearing it up BP

Wayne Brooks - Well I would be using an FHA Loan and wrapping that not Sub2.

So I just want to clarify , Brandon Turner. Lets say I found a good deal and I could flip it, Would it be feasible to wholesale that property but I must put it under a SUB2 contract right? Or would this be something you are against.

PS. I have always had a skeptical feel on these Workshops, I feel like they just want you to birddog for them with minimal referral fees because they want to expand, while you spend money on direct marketing, and knowing you can't handle will run to them for help where they would take over the deal. Its kinda like what you see in those movies, "ill take it from here son"

Coincidently , There was a mentorship program for 97/monthly or 297/monthly but offered full mentorship

Jeff Brown

After the experience with the real estate workshop, the were really pushing that idea... but why? Sub 2 contracts are used in wholesaling, flipping as well right? When you market "buy house for cash" You look for distressed sellers who need to sell. Most investors or wholesalers put these sellers in these types of contracts right?

Yes, that answered my question but the way you approached the strategy does make sense. And I did have that thought in mind but I thought it was just a concept that was holding people back. (Banks issuing note due) . I was seeing if anyone had used this strategy and statistically seeing if the note being due occurred to them. What is the link to Jeff Brown Article?

Brandon Turner - I understand where you are coming from, but don't subject 2's and wraps occur often? And the buyer that I choose wouldn't be eligible for an FHA Loan so thats why they would be in for the deal. I can see it being a big risk, but its more of an exit strategy if you were job transferring or some sort? I was just thinking of an innovated strategy.

But to go off of your last statement. Lets just say I found a HUD home ( I know title transfer takes forever) Is that property flippable within a year? Would this strategy be more considerable? At all?

I wish I had known about this earlier, What time is the meet up on the 25 this month? What will be covered?