All Forum Posts by: Chantél Fielder

@Rick H. thank you for your insight!

My fixation is because I like the property (originally I was thinking of purchasing as a gift to my Grandmother so that she can be right around the corner from my Mom as they had always been. She no longer wants the property and additions would be needed to allow it to be feasible for her mobility.) I now want it as a rental because of the location. The location is close to many attractions what will invite the right kind of renter and/or new purchaser!

I come from over a decade of retail as a career, so location, location, location is always at the forefront for me! Not to mention, in retail every good deal is a good deal, every bad deal can be made into a good deal, everyone has their price and anything can be sold! I also try to look at the commercial developments and retailers entering an area when looking for potential properties, as they travel in pacts! (Where there is a Target, you will see a mid point supermarket, think Safeway, a Pier 1 and and office supply store and craft store.) This gives an over view of the type of demographic coming to or established in the area. In City/Urban areas, new developments to colleges and universities as wells as commercial Big Box retailers entering the area foretell of a re-gentrification or community overhauls on the horizon. ie...Location, Location, Location!

I have a lot to learn about Real Estate, but am bringing a few good insights I've learned along the way! And seeing which mesh within the tried and true elements of RE and which propel forward or create stagation.

But you are absolutely right! If I focus on the bare bones, stay aligned to what they will do and take action, I am headed in the right direction!!

Thank you, Patrick Connell! (For some reason my cell is not allowing the "@" feature)

Should I still create an offer outside of the listing that would include paying the agent a fee comparable to their traditional fee, in the event they are still debating in relisting?

Hi Ned!

Thank you so much for your advice and response! I heard back from the agent that the sellers have personal matters that they need to take care of before they can relist and they can not accept offers at this time. Hopefully all is well on their end!

I am still new to investing and wholesaling, but is this common for properties to be listed and then removed and relisted? 

Also, in lieu of the new information I was given is it still best to contact the sellers to at least inquire about their interest in an off market offer when they are ready?

I recently found a property that I was interested in was listed for sale. I contacted the realtor as I was interested initially as purchasing this a my first rental property. I have conducted 2 walkthroughs with my contractor and was preparing to make an offer. I contacted the realtor this evening and was told that the house was taken off market by the owners and would probably be back up again. I am bummed :( This property has been vacant for a few years as the owners inherited it, and listed on and off. I have found their contact information via property records. Can I contact them to make an offer on the house, maybe through owner financing while paying a consulting fee to the realtor? Is this legal, wise or in sound judgement? I really want this property!!!

Hi there!

I recently watched a tutorial on Youtube giving advice for structuring deals to private lenders. I am in the process of creating a deal offer to pose to private lenders (family and friends) and have a few questions.

I understand that a home equity line of credit is a great option for individuals who have good equity in their home, good credit and just may be limited on cash or not ready to invest with their own cash. The people I know already OWN their homes, so what are options similar to a HELOC for them to choose. (They all have Grade A credit and see the benefit of using HELOC to beginning investing in the properties I have found them for both buy and hold and flips to create passive streams of income and/or a ROI.)

Thank you!

Hi @Steve Bradigan !

Thank you for the warm welcome! I agree with you that attending the REIA may be beneficial after all. I have found a great property in the Elkridge area on the HoCo/AA line and am still looking for properties in that area. We should connect! Thanks again!

Hi @JamesWise! Thank you!

Hello all! I am new to BP but have been using the last few months to search the forums, take a few webinars and learn about investing and wholesaling. I must admit I have learned a lot from the posts and forums that you guys have posted! I have a few properties that I am wholesaling and one that I am investing in and I wanted to ask what is the BEST way to find private lenders? I have found cash buyers via public records and followed up only to have the address be vacant or email address no longer in use. I have searched findcompsnow.com for the cash buyers and private lenders for recent home sales and have come up short there as well. I also looked at the auction sites in my area to see who purchased properties near the one's I currently have under contract and it seems that some of the cash buyers and/or lenders may not want to be contacted as their information did not lead to actual addresses, email or otherwise. I do have some friends who are investors and/or wholesalers in different states (I am in Maryland and am relocating to the Southwest soon but will still be investing in the DMV area!) and one contact that I have, who is a commercial banker, suggested that I do not attend my local REIA meeting as that was not a good place to find private lenders or investors but just an opportunity to get educated and learn the ropes. I do not feel that I have done everything but I have done a few things to no avail.

What has been the best way to find private lenders for funding rental properties or fix and flips and what is the best way to find cash buyers for wholesaling. (I thought I would ask both questions at once!) Thank you in advance for reading and for your advice!