Updated over 4 years ago on . Most recent reply
Brand New Investor !
Whats up, BP?? My name is Karli and I am BRAND NEW to real estate investing and trying to learn as much as I can! I have decided to start by wholesaling houses in order to gain capital to purchase my own BRRRR or fixNflip in the NEAR future.
I just started a few days ago but have already acquired a list from driving for dollars that I will send letters to this week. I have also been scouring the MLS for possible wholesale deals on there. I have come across a great deal on the MLS that would be awesome for an invester and enough room to profit off of wholesaling! I decided to pull the trigger and I contacted (by text) the real estate agent on this property and explained I was a cash buyer and ready to make an offer. He quickly got back to me and is willing to look over my offer!!! EEEK!
I have calculated the ARV, repair cost, wholesale cost and know the offer I want to make. Is there a standard form or template that I could use to submit an offer via email? What should be included in making an offer? Also, if my offer is accepted, what would I do if the seller asks for proof of funds?
Thank you in advance! I love the BP community and you will be seeing more of me in the future!