All Forum Posts by: Ryan Johnson

Hello BPers! I'm looking for REI's in the Minneapolis MN area to network with. I'm a new guy, so I have a lot of questions! I have goals and a vision im going to achieve. Just wondering who's out there to come along! Get a hold of me through BP. Thanks! Ryan

I've been working really hard to get my first wholesale deal done. I got to use spare time, because of a 65+ hour work week at a job and family. But hey! A guy can only do what he can do right!? My phone rang yesterday with a guy that wants to sell a 5,000sqrft. 4 plex. He asked if I was interested. Yep, so send me the deal. It's an old church built in 1900. Converted to the current state. He wants 69,000. I offer him 30,000k. Here's why..... A city assessment of 15,000k. Over 9k in back taxes. The taxable market value is 60k. He says no to my offer. I don't feel comfortable offering any more. So my question BP, did what I do make sense? Do I have cold feet? Or am I trying to screw the guy? I really don't think I am though. Thanks! 1 more thing! If all I take away from this, at least my phone rang with a lead!

What par of MN are you in Dave? I'm a wholesaler in MN as well. Love to chat some time.

I have to start somewhere, So taking a look at the options for me. It seems wholesaling is probably the best bet to start. My pipeline of properties is very limited as of now. I guess the question Im asking is....If I make an offer to a Realtor, via a property I found on Realtor.com, Zillow or any other site, and I believe to could be an oppertunity to wholesale. So what then, I find a buyer and bring them to the closing table? Im not sure Im following the process.

P.S. thanks BP community! Maybe I'm in over my head....Or just over thinking things! 

Hello fellow BigPocketers.

My name is Ryan Johnson. I'm from Champlin, MN. Its a northern suburb of Minneapolis, MN.

Im here to learn about investing in Real Estate, network with like minded folks, and all around just become more informed as a person.

Thanks.

I look forward to meeting you.

Ryan