Asking $2,300,000 72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent8.3 Cap Rate - great for area98% occupancy rate - due to low rents for area49% expense to income ratioFishers, Indiana• Upside Potential due to below market rents and continuation of utility sub metering• Attractive, low maintenance, all-brick exterior• Located in the VERY desirable Redevelopment area.

You must have dependable and skilled birddogs, lenders, interior designers, budget/site managers, contractors, realtors etc… 3.

My husband is a general contractor, and I just began real estate sales courses.

The answer is that 99.999999% of lenders now don't accept any type of contract or earnest agreement that is assigned.

Just make sure that if you look at anything built before the Hurricane that you do your due diligence well, like any other place in need some contractors came in a did piss poor jobs on the homes an ran.I have a cop buddy down there too that bought a new home after the Hurricane I want to say he payed in the 120's range or so, nice little place i believe it was a 2/2 I would have to ask, it was in Gulfport.I did see a few weeks ago an REO property just north of the coast line in Gulfport that was a new subdivision development for sale, it has something like 70 plots laid out if I can remember correctly, the website pictures showed minimal readiness and I don't think utilities had been run yet, but I remember seeing the letters from utility companies and the State Dept of Agriculture about the land.

Wholesaling includes finding deals, putting them under contract, and assigning the contract or double closing to another investor.

You may have to document the repairs that will be done and get estimates from contractors.

You may havea hunch that your deal will be interesting to investors,but until you have a prospectus with pro-forma numbersyou do not know how many investors will be interested.He is now in the "fund raising" period, looking for investors.If you are financially able to invest, you would request theprospectus and then invest if you like what you see.You would be part owner of a retirement village in SoCalcomplete with golf course, etc.No I understand the process of building the plan and then looking for money I am planning this same type of deal with a popular down south business to bring up to my area, the point that I am asking about is when planning I should have an IDEA of who I will pitch my plans to, from this post it seems like this guy doesn't have anyone on board and is almost lost in looking for investors and if he works for a RE development group he should at least have a few "pocket" people or groups that will get him started with the funding.

8.Can you recommend service providers such as mortgage lenders, home inspectors, contractors, etc?

Would I contact an attorney or real estate agent to handle the offer and contract? Or