All Forum Posts by: Ryan Smith

@Erica Baruti thank you. I will be sure to fully utilize all that is offered here on BP!

@Joshua Rogers thank you for the welcome. Let's definitely connect. I have buyers in Collinsville.

@Linval T. I really appreciate the warm welcome. Thanks for the encouragement!!

Hello BP community! My name is Ryan Smith, and I'm a wholesaler in St. Clair County, IL. I also do deals in St.Louis, MO. I have a couple of deals under my belt, but I do considering myself wet behind the ears. I have been studying real estate for over a year now, but recently started taking the necessary action to be successful, and I have been making some really great progress and connections. I was recently laid off of my job of 3 years at United States Steel due to market conditions, in which I was a manager in the Business Department. Since then, I have been going full force with my wholesaling business with the goal of not having to resort back to the 9-5 life. I understand that this will take great sacrifice and dedication, but I am up for the challenge. Ultimately, my goal is to continue to grow my wholesaling business to the point in which I have a very strong presence in my target markets; once that is accomplished I will start to venture off into other markets. Currently my goal is to close on 2 deals per month. Another goal of mine is to build up my net worth through buy and hold properties. Once I am established in my wholesaling business I would like to purchase at least 2-3 rentals per year. I am aware of all the different strategies used to acquire property for cash flow, and I plan to find the one that best fits my business model and apply it accordingly. Real Estate is my definite purpose in life, and I plan to work as hard as possible to accomplish the goals I have set for myself, while also helping as many people as possible along the way. I look forward to all of the many connections I will make on BP, and will definitely take advantage of the network and tons of useful information that is shared throughout the forums.

Greetings All,

I'm currently in talks with a very motivated seller that is looking to sell a one-story 3BD/2.5BA SFH. She owes a mortgage of approximately $107,000; her asking price is $125,000, but she is flexible. She has a tenant in place that is paying $1369/month for rent. ARV: 150,000

Home has a two car, 1100 sq ft attached garage (easily could be converted into additional living space), and a additional two car garage in the back of the 1/2 acre lot, with a concrete patio. Home is in great shape, and updates would be only cosmetic (depending on buyers exit strategy)

I'm looking to make a nice assignment fee, but want to buy at a price that would be very attractive to end buyer. WHAT SHOULD I OFFER??