All Forum Posts by: Ranjit Wasu

@Gary Guidi

Thanks Gary!

That one you discussed, I couldn’t see what state that was in?

Can you also suggest and deal analyzer calculators that you used to assess the property.

I want to dig deeper and see/understand the tools you used to assess the opportunity.

Thanks Gary. I need to dig deeper and understand the value side as I know their value - bring the money and I want to promote the value add/ improvement and return for them

can anyone advise or suggest routes to look / research into regarding the actual acquisition of an MF.  I am battling a few issues with credit score and personally refuse to be beaten off my track to acquiring the first one just because of credit.  surely there must be other channels.

thats amazing info thanks

May i ask how you caclulate whether a property is a good flip or good rental. I am assuming if there is alot of equity in it, it can be a great flip. And for rental, is that picking it up cheap, like on a wholesale deal, minor rehab, aesthetics andthen renting it with an roi after expenses at around 8 to 10% if not more? Would be nice to find out how you make that assessment. Thanks

Hey all,

I wanted to ask for some more tips and strategies on Short sales and how to best approach them.  Is there a way of tackling these to ensure that a good deal is agreed to.

I have seen one not too far from my town on zillow - and I understand that its a negotiation with the bank and the seller, but how could one be creative about such deals:

Is it something that one could consider a percentage offering of the requested price, minus the potential rehab work required.  It needs a some work:

- new kitchen

- aesthetics to bathrooms

- new paint job

** There could be more to it, but what i am getting at is how could one get this under contract at a fair price to either whole sale or fix and flip?

1. Could seller financing be offered to the seller in order to get it to a point where i could fix it and flip it and he can take the proceeds from there?

2. Get it under contract at a price agreed (by the bank)? and whole sale it? or as its a shortsale, will the seller not be in a position to sign a contract?

3. Subject to? -  i need to understand more of this concept?

4. **Any other ideas would be appreciated.**

Whatsthe name of the book by J Scott please anyone?

hey guys, does anyone have a sellers contract i can use in the florida state.  I would be extremely grateful.

@Steve G. Hi Steve and thank you so much for your message.  It would be a pleasure to talk with you and find out more if thats ok.  As mentioned I am new and love this business and want to become an expert like yourself, Tom and Stephen.  All the help would be appreciated.

I do want to also eventually get to do virtual wholesaling and understand how to be effective at it.

Please could you email me your information and let me know when would be a good time to email and then even call if thats ok.

Thanks

@Account Closed Hi Stephen, thanks for your message above.  I have joined the group and look forward to meeting with you.