Am I asking the right questions for finfing a wholesaler?

Am I asking the right questions for finfing a wholesaler?

Manager / Investor · Jacksonville, FL · Member since 2015 · 46 posts · 4 votes

Bilal,

I am looking for a Rent and Hold, in or near Jacksonville FL, a Multi-Family 4-8 unit, 9-12 unit, I prefer one that is 90% occupied with tenants, were they are paying close to or a little under market rent for the area, a property that is well kept, does not need a lot of fixing up now or near future, one that my not be listed as it would not sell at that asking price and seller my be motivated to lower price so the numbers work, one that is in a decent area of town, maybe near UNF, one that has positive cash flow after the bills are paid, good ROI and one that may have a tenant that handles the maintenance around the property.

I would like to have some of your references that can be contacted by me and that have purchased properties you have found for them.

Tell me about yourself and your experience as a wholesaler. What sets you apart from using other wholesalers or me finding my own deals? What does your service cost?

Will,

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  • Investor · Orlando, FL · Member since 2013 · 99 posts · 69 votes
    11y

    @William Fritsche

     I'm assuming this is an email that you have sent to the wholesaler. It seems like you are asking a lot of the right questions. Based on what you wrote, it seems like you are looking for something only needing light or cosmetic rehab that is almost turn key. I would let them know what your budget is and how quickly you can close if they find you the right deal.

    I do a bit of wholesaling here in Orlando and I am also a real estate broker. I'm curious to know how your wholesaling experience goes in Jacksonville. Best of Luck!

  • Manager / Investor · Jacksonville, FL · Member since 2015 · 46 posts · 4 votes
    11y

    Jeff,

    Thank you for the reply and I believe I will be looking to be at around $280,000 to $400,00.

    What do you charge so I can have a guide line to go by.

    I will let you know how it goes in Jacksonville.

    Thank you,

    Will,

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