All Forum Posts by: Josh Adamo

Man just wanna say thanks for all the replies. I would like to wholesale this deal but I did tell the client that I was on the higher end of my budget and that I doubt I could come up much if at all. I actually told him that due upon further inspection I might have over priced but I will go out today and do a good walk through. The ARV could be closer to 110-115 fixed up right but I like being conservative on my ARV. I think my numbers sound a lot tighter bc I have been noticing that my old offers that I've submitted have been selling at 20-30k over my offers and am trying to adjust a little.

I think this could be a great rental and possibly a decent flip. Once again thanks for all the help guys!!

Hey guys thanks for responding! The ARV is right at 100k fixed up. Off of what he told me I think it should take at least 15k and then like Joshua Springer said with it being that old I was thinking it could be up to 20-30k. I'm going tomorrow to do an inspection on the property to see exactly how bad it is. I just like to pull quick comps and shoot numbers back and forth to see if we're in the same ball field. I think I'm just getting to excited! Thanks guys

Hey bp need some help,

I got a 3/2  built in 1958 with 1523 sq ft single family brick house with no basement or garage, electric heating and ac needs work. Heres my situation and numbers:

The house was listed at 100,000 with a realtor and expired at 88,900. They called me off a direct mail letter I've been sending them and I offered them 65,000 and this is what they sent back through email. Remember this is as far as I've gotten with a deal as to having them being this close to agreeing on a price so tell me what y'all think. This is the email:

Josh,

Thanks for giving me a couple of days to ponder your offer. Let me offer a few details before I respond. Since this was my mom's house and she has passed away, we are in the process of working through her estate according to her will. She appointed me as executor. In total there are 4 heirs involved in her house and property. My goal has always been to get as close as possible to 20K each for the heirs after all is said and done. Now, I know that desire does not equal value and there is also no market value for sentimental attachment, but in working with a realtor before, I did not think that to be an unreasonable goal. (As you probably know from your research, we have dropped the price a few times already.) We also still have some final expenses that will come out of whatever we get for the house. So, I want to do the best we can for all involved while still being reasonable. 
Now, I also know that this is your business and you need to make a profit, so I do not want to be unrealistic in my estimates or desires. And I realize that you will have to spend some money on the house before you can sell it at a profit. It surely does need some updating! I also spent some time backing out what we would spend in realtor commissions and closing costs.
With all that said, I would like to present to you a counter offer on the house of $75,000. For that price you could have all the furniture and appliances that are still in the house. With Baxter coming in and the house being near that bypass, I think this would be a fair price and should allow you to update the house and still make a good profit on it. 
I really appreciate your interest in the house. Please get back with me and let me know what you think about this counter offer. I look forward to hearing from you.
Thanks again,

J Scott I appreciate all your advise you give on here. Jerilyn D have you found a brokerage to hang them with?? Me and my wife are in the same process of our journey and about to get our lisence. Already did all the work so literally about to hit the streets.  Im down next to Conyers, Ga. Thanks!

That's awesome Stephen. I have had the same problem where i have just been listening and listening and listening to more and more podcast but have yet to land anything. I started my marketing a couple months ago but stopped because I hated getting phone calls and not being able to solve there problem so I decided to hold off just a little longer, me and my wife are getting our real estate lisence, and then I'm gonna start back up and work my leads as a wholesaler but if we can't come to an agreement offer to list it for them. I'm right below Atlanta where the market is great so I'm excited to get back started!

@Rick Gonzalez

Podcast after podcast. A lot of good ones on bigger pockets as well as others. Never quit. I have been struggling to get started but am reconstructing my plan now to see if I can get some momentum!

Good luck man

@Barry M. Thanks for the reply, I will look into that.

@Adrian Tilley

Hey BP quick question:

I have been marketing to probate for about 3 months now. Some calls have come through and pretty much sounded like they inherited the property or was left to them, but I have had other people call me and tell me that the property that I was marketing for was there property and there mother was just living with them and that she never owned the property. I have had another caller tell me that the person that had been deceased only rented the property and did not own it. Am I looking at the probate files correctly?? Or is there a way to tell whether the person lived there or owned it?? Thanks for the help!!!

Thank yall for the guidance!! Really appreciate the input!

hey gerald thanks for the help. I'm originally from statesville, north carolina. My dad and his side of the family still live there. How is business that way?? Bettee then cali??