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15 January 2025 | 12 replies
How did you handle it?
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1 February 2025 | 0 replies
Hi I'm gege new to the site starting the Wholesale investment and need help finding seller, where should I brand myself is there an email pitch or a call pitch I can send to seller, like people in foreclosure, or bankruptcy, or late payment and where will I get the ARV, Repair Value, Offer The price that you need to get it under contract for and where do I get the contract form and if I get a seller and a buyer how do I get a legal person to handle all the paper work for closing.
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22 January 2025 | 12 replies
I like this idea because it reduces the potential vacancy I could have by doing a short 3- to 4-month lease that ends in April or May, then starting over with a year lease.
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3 February 2025 | 15 replies
This needs to be limited and reduced.
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29 January 2025 | 5 replies
Wholesaling around a 9-5 can take a lot of time if you are handling the lead gen and deals.
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26 January 2025 | 33 replies
The flippers who COULD handle the volume that a flipping fund would allow them to take on, don't need a fund, because often times, anyone flipping at that volume is already making close to 7 figures a year, and wouldn't want to keep splitting it.Alternatively, I, personally, would not invest with a flipper that hasn't done it, a lot.
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17 January 2025 | 19 replies
If the market is tough, I reduce the rent rate over the full 12-month term.
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6 February 2025 | 10 replies
PM me and I can send you my template for this.Before I started handling these myself, I used: George Gibbs who's based in Charlotte but works state wide from what I understand.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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3 February 2025 | 27 replies
Managing a rental yourself can be time-consuming, especially if you're handling maintenance, tenant relations, and lease enforcement.