All Forum Posts by: Samuel Qandah

What about multifamily, with one as a primary? Not for investor properties? 

Does anyone have any experience with receiving any grant funding, whether be it government or private sector? I've been looking at different programs, mostly through the government for areas that I'm interested in investing in, but have not really came across anything that I would be a candidate for. I've looked at things like the FHLB AHP, HOME program and CDBG funds. 

Would love to hear the experiences of other people if having received any grant funding for acquiring and or rehabilitating real estate property, and how you were able to do that.

Best

Quote from @Jimmy Lieu:

Quote from @MARK S KING:

Hello, any input on the best market for section 8? Looking for a way to analyze the highest allowance from Sec8 vs the lowest priced homes, wondering where you can get the most bang for your buck. I have heard the target is at least 400-500 per month net positive cash flow based on 20% down. Where are you seeing opportunities? Thank you!

Hi Mark, Columbus Ohio is a great market for section 8 rentals. I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Hey Jimmy. Just coming upon this thread. Wondering how's the current market in Columbus with section 8, rent to price ratios, ect? It is still looking strong like it was a year ago when you made wrote this? I appreciate your input. Thanks!     

Quote from @Michael Smith:

@Carter Crowley

@Carter Crowley

@Carter Crowley

@Carter Crowley

Jonathan is right.  Be sure your company follows guidelines so you don't run into any trouble.  Having your own Va's seemed like a lot of oversight for me.  So far I just check a weekly report from my provider and it's been a real time saver. 

I've heard of that company Carter.  I almost went with them until I found another that includes seller lead lists for me and the dialer, tools etc. Been with them for about a year and it's worked great. I've been averaging 2 wholesales and a flip per month since.  My friend that originally told me about that company in COsta Rica ended up changing to the company I found.  Basically it's about the same cost but includes everything needed so I didn't have to pay extra for a dialer, lists etc.  Pretty cool all in one, they've definitely won our business.  They also say they'll call my lead lists for no additional charge but I've yet to give them anymore than the 10K they include.  

 Just coming across this on my search for the same thing! Do you mind sharing the company you a are using, and being this is a pretty dated post, are you still with them?!   Thanks 

I have a Wyoming LLC, can I do (1) wholesale deal in Illinois under that LLC?

Also, what is the best contract and way to assign a deal in Illinois? 

Any feedback of knowledge would be super helpful. 

I'm new in the space and would love to connect with anyone with wholesale experience in the bay area, or CA in general. 

I have a potential deal I'm eyeing and have some questions about how the transaction and specifically to this market. 

Hoping to hear from someone with experience! It's been difficult finding wholesalers in this space to connect with. 

Best -  Thanks in advance for your willingness to help someone starting out!!!

Quote from @Erik Estrada:

Quote from @Ben M.:

Quote from @Erik Estrada:

Quote from @Ben M.:

Quote from @Erik Estrada:

Quote from @Ben M.:

Quote from @Erik Estrada:

Hey Ben,

Are you working with a lender or are you planning to buy all cash? 

 Hi Erik! I am using a hard money lender

 Also since you aren't using a realtor, did you draft a purchase contract yourself? Are you using a title and escrow company? 

I didn’t draft a purchase contract. I believe the lender will coordinate all of that and get a title and escrow company

 Got it. And your lender didn't provide you with a closing cost estimate? Are they using an appraisal? 

Nope I’m just wondering what the common items are for closing costs and which one’s for the buyer and which one’s for the seller 

 Seller wouldn't have fees to pay. You would be responsible for the cost which could include Title and Escrow Fees, Lender points, appraisal (if any). If I were in your shoes I would request a fee estimate from your lender  

Hi Erik, why wouldn't' seller have to pay any closing fees? Is it typical for a buyer to take on seller and buyer closing costs/ fees when doing a seller/ buyer transaction involving a wholesaler?

Quote from @David Ramirez:

You can find it on the history tab. If you are not able to find an accurate number of investors after skip tracing the address, I would recommend calling the listing agent of the flip and working through them. I offer a buyer's commission of 2.5% of the PP that comes out of my assignment fee. I love working with buyer agents because they usually already have a built relationship with their buyer investors.

Yes, on the history tab, the most recent seller is listed, but either just a name or LLC name, no other info - and with the skip trace, it only has info for the current owner - not the last seller.   

Is the listing agent from the deal listed on Propwire, or are you sourcing it from other platforms, ie; Zillow, etc? 

On Propwire, when looking at fix and flips it only shows you the current owner, not the investor who bought and sold to the current owner. How can I find the investor's info who recently bought and sold to the current owner? 

Thanks for the input! 

San Francisco bay area,

I'm looking to connect with active wholesalers/ RE investors locally in the bay area, non local would be great also as we can do virtual. I would love the chance to meet with, sit down and get to learn the application parts of the wholesaling process, as this is what I'm currently invested in learning to start to do myself. 

I would love the chance to get to know you, learn about what you do and build a connection. Shoot me a message, let's figure out a good time, and let's connect! Coffee, lunch or a local meet up spot would work great. Looking forward to meeting with you!

Samuel