All Forum Posts by: Robert Anderson

Join us for the 2019 Nebraska Landlord Conference, this year we have the honorable PJ Morgan as a Keynote speaker! If you want to grow your real estate knowledge, or if your new to real estate this conference is for you. Some topics we will be discussing will be hard money lending with West Gate Bank, Market Analysis with Herb Freeman the Chief Operations Manager of NP Dodge Real Estate, and few more topics! We also have Judge Lynn Toler form Divorce Court as our Locknote Speaker! This will be a information packed event with the opportunity for Continued Education Credentials as well. Vistit our website to get tickets now! www.nebraskalandlordconference.com 

@Logan Fast

Thanks for the advice, I see now why people only work with cash buyers.

I am trying to close on my first Wholesale deal, but my buyers bank will not release the funds that are stated on my assignment contract. They will only release the funds based of the original purchase contract. Does anyone know what banks in Omaha that have/will work with wholesalers and will honor a assignment contract. Or how can I get around this for future deals. Thank you

@Manny Heard Okay that sounds good, So she needs your money to renovate the property, I would run the numbers on a BP calculator to see how it would look with the ARV and estimated repair costs, and if all the numbers work I would say lend her the money and have a contract dictating how you get your money back.

@Manny Heard That depends on what your end goal of the property is, do you want to sell it, keep it and rent it out, live in it, and what does she want to do with it, then you need to figure the number for whatever strategy you want to employ, if the numbers work and you both want the same thing or at least can agree on something that will give an answer. This is too much of an open ended question, there are many things that you would have to take in consideration 

@Jimmie Darden Hey man I would see about finding some cash buyers, who wouldn't mind buying houses in these "warzone" places and If they don't want to buy there... see where they do want to buy, then focus your efforts in looking for deals in those areas. That's my advice from a wholesale point of view. And also stick with it and be patient. I highly suggest picking ONE strategy though that way you can make progress faster and your not spreading out your efforts and time on multiple goals and strategy's, good luck!

@Vanessa Demosthene I new nothing about real estate and got my first property under contract in about 6months. Starting from 0 to now took about 4,ooo and ALOT of trial and error depending on how you market you could probably get leads with about 1,ooo but its a shot in the dark, I got my frist lead with 800$ i even got a lead through fb that cost me 10$, just gota hustle.

@Emmanuel Artez Heard There are tons of FREE things out there to help you to learn to wholesale, I went from not knowing anything about real estate AT ALL to having my first property under contract in less then 6 months, I am now marketing to sell this property and have a second property pending. I have spent roughly 4k on creating an llc, marketing and everything so with my first sell i should get all of that back if you have any questions i would love to maybe help you on your path

Hello BP I'm about to get 2 OFF MARKET Properties under contract. They both have tenants in them so renting them is a an option but if you were to put in some TLC and sell them you could make at least 20,000 I'm looking to assign these contracts over, but also build a good long lasting relationship with the buyer, so I can keep bringing them more deals. Both properties are in Omaha NE, one is next to the Metropolitan community college fort st campus, and the other is in Benson Omaha. For more info on these houses please message me. 

Thank you. 

@Dennis I used zillow to find what the average rents for were in the area, but what do you think is more realistic?