All Forum Posts by: Robin Ferguson

I am in search of great property managers in Hampton Roads VA. Any assistance would be much appreciated. Thanks.

Hello Everyone,

I would like to understand the step by step process from start to finish on how to progress through and close a wholesale deal. All feedback are welcome. Thank you.

Robin

@Eric H.

Thank you for this information. I am drafting a questionnaire in order to make sure I don't forget to ask the necessary questions during a deal. I will share once completed for your feedback.

@Jackie Botham

Thank you for your insight. Would you be able to share a copy of your "seller lead sheet" with me. I would really appreciate it.

Robin

Hello Everyone,

I would like to develop a wholesaler questionairre for new leads. I am a newbie and seeking your feeback. What questions would be great to ask a new lead so I can have a bigger picture of the deal include ARV, rehab cost, purchase price etc... Thank you.

I sent this on nextdoor in one of my target neighborhood . 

I am searching for leads in my area and I received a message from someone that respond to my message below. How do I go about responding?

Me: Is anyone thinking about selling their home or know of someone that is thinking about it. Thank you.

Joe: Do you know their budget?

Hello Everyone,

I recent was communicating with a wholesaler about a possible deal which is a pre foreclosure. I am very new to real estate investing and seeking guidance if this would worth pursuing. 

Background:  

The owner took out a mortgage on the property in 2009 for 210k. The last time the owner paid the mortgage was July of 2016. So it has 7 years of payments. The owner invested 15k of updates in the house, including roof, kitchen, and repairs. The owner tried to sell it through a realtor but buyer inspection found there is a code violation with the house electrical wiring. Property has unknown lien on the title for $2800. This might not be the full picture. Would it be a good idea to do a subject to because the property has about 60K of equity and the properties in that area is selling for $240K and above. Some work is need such cosmetic and possible electrical. Any feedback would be great.