All Forum Posts by: Johnna Stark

Hey everyone! I recently listened to a podcast where the wholesaler found all his properties on auction websites and had trained his VA to estimate rehab costs to get to the maximum allowable offer.

Without going inside of these homes to see the extent of repairs needed - how would you be able to estimate the repair costs in order to come up with MAO? Any input would be greatly appreciated.

Hey Christopher! I would say always to be open and honest, I wouldn't recommend making up a story because it's just not necessary (public info) and it will lead to things becoming messier down the road. 

If you don't think the seller will respond well to you saying you are aware of tax delinquencies on their property, I would echo Ethan and go broad with your interest in that specific area and just wanting to have an open dialogue to find out if they were interested. Be understanding and try to put yourself in their position, build trust and don't put too much pressure on getting them to say yes and move on to the next!

Hey Brian, thanks for the post! It is great to see people reaching out to network and spur each other on. I just finished my first flip rental property in March and have since become very interested in wholesaling to be able to fund future deals with cash. I am definitely interested in meeting like-minded people and just to fuel the fire with people who are interested in REI. I have no experience at all with commercial, but am always willing to learn and listen to other experiences!

If you put something together, please PM me and let me know.

Hey everyone! I have recently been diving deep into learning about wholesaling real estate. I just finished a fix and flip, buy and hold rental property, but wholesaling seems SO much better (quicker, gives capital for more buy & hold deals, minimal risk - maybe?)

There is so much info online and I am trying to learn all of the different strategies people use for finding seller leads and also building a cash buyers list, but would love to connect with people are doing this already and are a few steps ahead of me in the process. If you have done a wholesale deal and are open to share how you got started I would love to hear it and especially if you are in Jacksonville - I would love to meet up and talk/brainstorm/create opportunity.

Any tips for a beginner are greatly appreciated!!

Need some advice on a tricky one. My wife and I are working with a close friend who is also doubling as our real estate agent for a flip and hold property. We decided to go in 50/50. Is it better if he stays off the title and loan but draw out a contract to pay/collect 50% of everything or should he get on the title and/or Mortgage? What about tax purposes... would it make a difference? We are using a conventional loan with 20% down and that is currently under just our names and not the friend's (just in case that also makes a difference).

Thanks in advance!

Summer Stark

Hi all - I am interested in tips for finding a seller financed opportunity or creating one where it doesn't currently exist. Right now, my wife and I's income is tied up in our own home mortgage and helping a family member refinance their own home due to financial difficulty. We really want to find our first investment property, but we will likely find it difficult to get approved for a loan.

I recently listened to a podcast on BP Rookie and the investor found/created a seller financed deal and I feel like this could be the best way for us to go right now. I understand it might not be an obvious options at first and many sellers would not think to do this on their own so it may require some convincing, but I am wondering what others have experienced with this option.

Any tips for how to find FSBOs or seller's who would be interested in financing themselves? Thank you!