All Forum Posts by: Yolanda Thomas

Re: your previous question. I'm a wholesaler and I've tried to get accurate ARV in the area. I've not found any records since there are very few sales. I'm thinking a realtor would have more accurate info. Am I wrong?

Thanks for the info ..  I will look her up 

I need to verify ARV for Beaumont property.

When looking to purchase an existing rental what formula(s) should I use?

Welcome to the group.  You will love it.  The podcasts are great!

How long is your agreement with your realtor?  

Have you thought about selling it to an investor on "subject to terms"?

Another option leasing or renting it out.

Wade I'm sorry to hear of your scam experience   However You were approached by the person of interest Rich Club did and does not endorse the services of any members or member, so why are you pointing fingers at RICH CLUB?  It's been my experience the same people you see at RICH, I see at other club meetings.  I realize. I can't weed out everyone but I'm not pointing fingers at the host.  By the way I am a member and that person is not speaking at any events.

Wayne that's what I needed to know.  He is asking cash but as a wholesaler I want to buy it low.  The balloon is $33, which @ 1/3 or the origiinal loan (I think) so unless I try a sub2 it's not worth it.  Owner wants cash so I looking to see if the margin still looks good enough and if paying cash will wipe out that 2035 balloon note.

I'm a wholesaler txt me at  832-516-7741 ehrn you get to Houston

Thanks for the reply.  I'm a wholesaler and the owner responded to my direct mail campaign.  He is asking for a cash sale.  I plan on wholesaling the property.  The agreement does have a balloon due 2035 .  The balloon disclosure states" even if you make all payments full and on time,the loan will not be paid in full on  11/1/2035.  

I did not see anything about "due on sale clause" or acceleration .