All Forum Posts by: Taylor Holden

@Alyssa Dyer

Agreed. I got him banned from the local groups and once this info came out several others had similar stories.

We just closed another duplex this month. Tenants moving in a few days.

In process of closing another duplex from a wholesaler. Trying to move as quick As I can in my small town.

Thanks all for your response.

This wholesaler was a fraud that never produced a contract and was trying to steal my funds luckily I did my due diligence and stayed away. Unfortunate that house went back to the bank and they won’t sell to me.

Hey all, 

I recently was too busy bidding on another property to notice that a property I did like as well went on the block before I lost the one I went to buy. A wholesaler bought it. He has since approached me saying he has too many deals and would like to Assign the bid to me. I like this because I get the property at his price and he wants this to continue a synergy between our business's. 

In oklahoma when you have the winning bid you have deposit 10% of funds to court clerk in 24 hours. usually this is recorded on ODCR. I have actually not heard of a time it wasn't. Well this sale happened a few weeks ago. Wholesaler is saying he put 10% down but its not showing on ODCR. He wants to assign the bid to me for me to go deposit what is due at the court clerk which he is saying is due noon on Monday, even though I can see the motion to confirm isn't until Thursday at 2:30 pm. I feel like we have to have documents stating this first if its even possible.Second I think you loose the sale if you don't deposit in 24 hours the 10%. Which I don't think he has but he says he did I'm asking for a receipt but he has yet to prove one. 

Basically my questions are

1. Can you assign a winning bid at the sheriff sale?

2. what documents would you like to see?

3. How likely is it he didn't deposit the 10% and doesn't have the deal?

4. how would you feel about this deal? The house is great but alot is strange in the behind works.

Hey all looking for thoughts and ideas.

I purchased my first home before knowing REI.

I've now become pretty versed and have 3 SFR and always looking for more. My realtor randomly had a person looking for a house in my area and asked to show my personal house even though it's not listed. I obliged. I feel I bought the house wrong and used a 20% down payment and paid emotionally back in the day. I obviously won't accept a bad offer that wouldn't make me move per say.

Now for the opinion or idea part. My career as a touring sound engineer has stopped as large gathering are banned. If I sell this house I’d like to buy several more rent or fix and flip houses with the capital but in a smarter way. Anyone have tips or tricks on how to make the most of this capital into more houses when I now traditionally don’t have a job until Covid goes away

@Michael Perry hey Michael I buy in Bartlesville as well. I'm doing BRRRR and buy

And hold. Finding multi units in this town is incredibly hard as there's not a lot of those buildings built. Most hold them as they are always cash producing. I started towards multi family. Now I have been buying up SFR because they are more abundant in the area.

Hope you find some multi family. Most likely you’ll have to go direct to owner to get any.

So now that COVID19 has taken my day job. I decided to jump into wholesaling. I started a 14 day free trial with Deal machine. 2 days I've found 80 properties I want to go after. I just started cold calling. Well on number 10 out of 10 and all were wrong or bad numbers and so far 2 email address were wrong. Any suggestions on getting proper information to contact these owners?

Hey all I’m also interested in this course.

Is this more or a virtual wholesaling business? Are you ending up holding properties?

Basically I’m wondering what the structure is if you sign on for the 90 days.

Mike I read in their site that the half profit is only for 90 days. After that they charge 2k a month to continue sending deals your way if you’re interested in that.

My thinking was exactly the same as yours. I’d much rather have LVP then carpet. I was just blown away by a much more experienced investor telling me it would lower appraisal rather then raise it. 

Hey all!

I'm just starting my first BRRRR.

I bought a great house from the foreclosure sale. It’s just cosmetically ugly. I was figuring on painting everything and laying all new floors as it has some ugly blue 80’s carpet in it.

I had another more seasoned investor come look at the property with me. He's never BRRRR'd so as he see it's the house is already fit for a renter.

I personally want to get the highest appraisal possible.

He told me that everything that was already ugly carpet would get me a higher appraisal if I redid that with nicer carpet rather then peel and stick vinyl wood style flooring.

I was wanting to lay peel and stick throughout the house but he says that that wouldn’t give me a higher appraisal and that nice carpet would.

So BP world what have you found? I want this property to be tenant proof yet I don’t like doing things twice.

Which will get me a higher appraisal?

@Eric Martel it’s currently on a 1 year lease at 875$ a month. I’m currently managing it myself.