All Forum Posts by: Travis Quickel

I got a call from a direct mail campaign and the guy says he wants to sell his entire business of 37 employees and 4 restaurants, with the name and everything and pack and move to Florida. He said they gross about 1 million per year and would like 70% of that, about 700k, but is open to negotiating. He said his motivation level is on the rise too. How would I Go about wholesaling this?

So after alot of research and forum scrolling.. I may have a possible first deal tomorrow..a little 3 bed 1 bath 1200sq ft. Not in a war zone particularly but def class C. 25k ARV, guessing 5 or 10k in upgrading the place.. But it's able to rent right now. The seller is an 80 yo man that seems pretty motivated to get rid of the rental house he's had for 25 years, the tenants are just moving out now. He said he wanted 25k for it and bought it for that but the tax records say $1.. In the terms of negotiating.. I feel like I could put it under contract for 10k and be safe to make some money, and I'm under the impression you want to start below the amount you want to get, but I feel like offering anything under 10 he's just gonna laugh and walk away? What would you guys do? I planned on kinda mapping out to him how I got to the 10 thousand mark because I think I need a reason why he should give it to me at a certain price. BTW I don't lie so that's out of the picture

The fact that the property is a store is messing me up. Do I compare the building with a single story home of similar square feet? What do I do with the bed and bath information since I don't have any on my end?

hey guys, so I have a possible wholesale deal. Just looking at the front of the place you can tell it needs work, kinda looks like a dump. It used to be an old shop that sold plants, here are the details I have received.. -11,250 Sq ft lot -2130 Sq ft building -built in 1946 -1 green house he made into a 2 story building the other green house has broken glass and hail damage. -it has a water well but no sewer -records show he bought it for 65k in 2003 and is asking 75k. He also built the 2 story building add on. -price history shows he's been trying to sell it the past 10 years but can't and last listing price was 84,500 and says listing was removed. Pretty much the area it's in is on a main freeway and there's no comparable comps near it and I don't have access to the MLS what do I do? The tax assessor prices the land and building at like 90k, and zestimate is 177k I guess that'd be the ARV? Does anyone have any insight?

Good points thanks!

So I was wondering, that if I'm finding properties that the cash buyers/flippers want, couldn't they cut me from the loop to make more money? Why would they want to go through me when they can put ads out about their 1800 buy homes number?

@Erick Tran can I ask what exactly a title attorney is for and why they are needed?

Hey everyone, my name is Travis and I'm completely new to real estate investments. I currently have a 40 hour a week labor job so each day after work I'm going to be researching and completing a course I bought. I'm interested in wholesaling because I don't have any money to invest and with the money I'm making now it would take a long time to get even close to something I'd be able to use (11.50/hr) I've been trying to get into the business field for awhile now but my past legal mistakes make it extremely hard, so to get rid of that I have to be my own boss lol. I'm here to read through the forums, connect with people on here and in the Lancaster, PA area. Any advice would be appreciated, especially from those who started with nothing like I'm trying to.