Shanae Williams
Newbie Wholesaler has potential deal in Detroit
Hey everyone! I’m a active new wholesaler never done a deal before. I’ve been marketing for a couple weeks gotta text from this guy who owns this home he’s selling this 90% move in ready 3/1 bath home (updated kitten ...
Danny Ragan
Wholesaling: closing a deal. Lowkey profits.
I have yet to do my first deal, but I am curious about closing deals.I have been researching and found that occasionally when sellers find out that your are making a profit by wholesaling their property via closing st...
Giovanni Cortorreal
What factors determine the wholesale offer?
Hi guys-
In my transactions I have the buyers paying all the closing cost.
As you know, to arrive at the acquisition price we subtract the repairs and the assignment fees from 70% of the ARV.
But how...
Chui O.
Rehab Loans?
Hi, Are there loans available for rehab work or does rehab work have to paid in cash? So if I have $30K cash, I need to factor rehab work as part of that $30K, meaning my downpayment should not be more than $10k or $2...
Raj Pat
Funding needed for two projects in Bay Area California (looking for private money)
Hello BP family & Private Money Lenders, We're in the process of purchasing two solid rehab projects here in the SF Bay Area. (Very safe and affluent areas) Our est time to close is just about two weeks shy of to...
Kevin Beres
Making offer on Triplex in Richmond VA Area - Deal Review
Hello I making an offer on a property and I would like some help reviewing this deal to see if I am running the numbers right.This is a triplex in a C class area that is being revitalized in Richmond, VABuilding is 10...
Tayvon Jackson
How to go from 2nd to 3rd
hello all,I bought a short sale last year for 249k a single family home and I have 3 roommates on Craig's list. I just put under contract a townhouse for 170 that I plan to buy and hold using fha? Since I have one FHA...
Gloria Riley
How Long to Recoup Investment
Hi BP! I've been analyzing some deals online looking at several duplexes and triplexes to purchase (this would be my first investment deal). Currently I'm looking at a $75,000 duplex with 20% down ($15,000). Based on ...
Account Closed
When applying for a hard money loan...
When applying for a hard money loan, make sure you understand all numbers are going to be estimates until all of the variables are completed and final numbers are calculated. The hard money lender might be able to giv...
Cheryl C.
Hubzu flip results
I closed on my first Hubzu purchase at the end of April. Luckily, closing went surprisingly smoothly.I met my contractor at the property and got him started on (what I consider) minor fix-ups - paint, carpet, laminat...