All Forum Posts by: Richard Dunlop

WOW!

 Most in this thread ridiculed his reasonable question. 

 Now dog pile on him and demand he share his acquired knowledge with the scorners?

@Jay Hinrichs @Chai Sag

Originally posted by @Chai Sag:

@Jay Hinrichs

100% , you can get deals at 50% of value in many markets , 99 % of the time when they come to you ;)

But this is not the subject of this OP

Jay has an excellent suggestion that I will expand on so don’t pass on it too quickly!

There are markets that allow you to compound Jay’s scenario and your question together; in fact I think they often ARE the same market.

It is the market that is in flux that offers the best opportunity to acquire properties as Jay suggests AND get the appreciation of the market that you seek.

Is it possible to buy all in for 25% of the actual value(1 year future value)?

Absolutely! I’ve done better than that in one week.

Yes Always!

Save the locks.

Are you a veteran with good credit?  Other than that start saving up some money. 

 Or move to a cheaper area like I did

The house is worth $145,000 and you're all in for $105,000

Maybe the question should be do you want to make the $40,000 or do you want the wholesaler to make it. He may just want to keep it and fix and flip it himself!

I take the $60,000 and buy a house I can sell for $150,000 with $20,000 down creating a new note for $$130,000 and $20,000 cash.  My normal markup is greater than my illustration here. Hope that helps. Scottish in my blood somewhere distant past.

Because the I would use the discounted cash to create a MUCH LARGER note!

So it is a Win Win situation.

2 for the price of 1

The more you can confuse the seller the better???

Welcome to BP Lots of opportunities in Cleveland

I'm not from your area but very similar markets,