All Forum Posts by: Tenisha Walker

@Mike M.

Thank you and okay makes sense. Hmm I guess I’m going to ask him what is the cash price he wants to walk away with then

I have a seller who has a few properties long story short I offered him a deal and he is up for taking it but at the same time, he is producing monthly income and act skeptical. he is out of state and don’t want to deal with the properties. Well, he hits me with a can you do a seller net sheet? So I can have more of a idea what I’m dealing with.

Keep in mind I’m wholesaling the property and already have a buyer on standby

What the heck is a seller net sheet? Anyone ever done one? How is that even composed? Why would seller ask for this?

Thanks

@Sharon Powell thank you makes sense

@Jeremy VanDelinder Thanks for the advice! Appreciate the professional opinion.

First deal I actually accomplished was in Detroit Mi. Property has fire damage. It seems like no one wants to really do anything with this property. I need advice. Should I keep marketing or just cancel the contract? What would you do? So with this property if I had the funds I would actually rehab it myself but unfortunately I don't nor do I have the credit to back me up. The property is 2,210 sq feet it's a 2 story duplex and the neighborhood is about Gentrification. The ARV is $90,000 and my ask price is $18,000. I also have a contractor with a team who said they will rehab it and gut the first floor because that's really the main part that needs to be gutted to the studs and the labor with materials for the entire building is less than 15K in repairs. The foundation is solid. Idk if I should give up because like It seems like I can't find a true cash buyer. What would you do?

What’s the difference between a real estate agent and realtor? Or is it a difference

If a client mortgage is not paid off how do You offer them a deal? What are the options with a mortgage?

How do you fit that into wholesaling