All Forum Posts by: Sean M.

I’ve done some flips and rentals but want to do some wholesaling. One question I have is when I go under contract for a property and put a 30 day close, what if it doesn’t close? Do wholesalers extend these, drop the deal or??? Just wondering what the conversation is like with the seller. Something like “I’m looking for an investor to purchase your home, need more time...”? Any advice is appreciated!

I am flipping a small home (858 sqft) in a C class neighborhood which is on .17 acres. The lot next to it is another .17 acres and according to the previous owner of 19 years, nobody has ever been to the empty lot. Taxes have been delinquent since 2013 and are currently $1800 in back taxes. I forget what podcast number had the guest who bought delinquent land, but lets say I could get the land for a total of $2000 after paying back taxes. The home right now comps at between $85k - $99k. Would another .17 acres, for a total of 1/4 acres, pay me back in reaching the higher comp value or a little more? Or would I be throwing away $2k?

@Crystal Smith I like that strategy. Thanks Crystal

@Gus Muller thanks fiscal that sounds like mine. 1905, 858 sq ft. Thanks for the link, I will check into that!

@Mike B. How much do you budget for staging? My space is 858 sq ft, 2 bed 1 bath home. And do you rent furniture or have your own?

@Zach Hergert seems like the overwhelming response is to stage. Thanks for the input!

@Rachel Imhof thanks for the examples. Beautiful homes, great job on them. Definitely better than empty.

@Joshua Myers I’m really leaning toward staging. That why new homes are always furnished. My home looks nothing like the model, but I wanted it to!

@Michael Krupp Wow, first time I have ever heard about ROT. Very good point, thanks for the wisdom in that post.

@Mark Cruse LOL!!!