All Forum Posts by: Natalie Wade

Thanks Josh, the problem is now fixed :)

If I am already on the site, and attempt to go to my inbox i get the message. And when i type in the address in my browser I get the message as well.

I have to be creative to actually get into the site. I dont have the problem when I go into the site via an updated conversation I am watching. Its really strange.

I am not sure if anyone else is having the same problems, but when I click on my inbox link, or even try to go to the site via another page I receive a page that says the following...

We're sorry, but something went wrong.

We've been notified about this issue and we'll take a look at it shortly.

This could have been caused by any of the following:

The BiggerPockets site is too busy. It's possible that during peak times our servers have trouble coping with the load. Please try again in a few minutes.
We're improving or changing something. This error can occur if you are unlucky enough to access something we are changing at that precise moment. Try again in a few minutes.
We messed up. Sometimes this happens, and we apologise whole-heartedly.
In any case, rest assured that we have been notified of this error and will attempt to fix it ASAP!

If you wish, you can contact our technical team with more information about what you were doing when this error occured — we appreciate all feedback.

Can anyone tell me what is the deal with this?

I am thinking that if you are intending on wholesaling the property, then you do so "AS IS" leaving the buyer/investor to do there own DD. If you feel you need to do an inspection to know around how much cost it will take to rehab, then I would grab a contractor friend for a rough est, and tell your buyer the APPROX repairs needed. But I find it easier to leave all that work to the buyer, letting them know that this is why the price is low, because there is work to be done.

Hey Guys, sorry for my delay. I have been on the run alot etc. Anyway I did speak to the owner, and the after going over the expenses it seems that there is no cash flow at all, though he was trying to tell me other wise, and kept saying things were picking up etc.

So, that def was a no go, thanks for all your help :)

Great Job, please continue to let us know how it all turns out. We are all rooting for you. :)

Good Point, I am looking into the operating expenses now to see what the numbers are.

Ok so here is the deal I am working on. 5.75 % interest rate on an apartment complex that is currently 90% occupied and has a great manager and maintenance staff. He wants me to put down $300,000 and take over his payments. Property is now grossing over $40,000 a month and the payment is just less then 20,000.

The balance is around 1.9 million. and the loan is assumable

To my understanding a TRUE subject two does not require ME to put any money down, but actually he could pay me or simply walk away from the loan correct. How should I approach him about this? I am still doing my research on the property but I would like to take it over only if no cash is needed from me.

Does anyone know how to double assign? Or will it not work.

I have a property under contract, and another wholesaler came to me and let me know that they have a buyer for the property and want me to sign an option contract.

So basically I am double assigning the contract correct? So do I sign her option contract for a set price or do I have her sign my contract for the price? And once that is done, what do I do next? Take the contract to the banker that gave me the property to sell?