All Forum Posts by: Brandon Gamblin

Question for investors (wholesalers, fix and flip and rental):

Once a wholesaler gets a property under contract, can someone describe to me what the wholesaler to investor relationship looks like? I know it's different from every set of investor and wholesaler, but I'm just talking in general (and you can be specific as well).

What is your personal experience in dealing in this type of relationship? Does the investor ask the wholesaler to reduce the price? Is the investor’s most logical move to go to the property and do a walk through with his contractor and estimate repairs?

What might run through an investor’s head when evaluating a wholesale deal? 

All in all, I'm trying to get an understanding on the ethics of this relationship. Opinions from both fix & flip investors and wholesalers are welcomed. 

For all cash buyers,

We have multiple deals in various areas in the state of Florida, Texas, New York, Missouri, Ohio and Indiana

We deal in everything from low income neighborhoods to the high end luxury home market and our inventory is waiting for you to make a great profit margin and cash flow.

We desire to build a proper relationship with our buyers and serve them only the BEST deals.

We have deals in the pipeline right now and they're coming fast. If you are interested allow us to add you to our buyer's list by sending your email and contact information.

We look forward to working with you!!

For all cash buyers,

We have multiple deals in various areas in the state of Florida, Texas, New York, Missouri, Ohio and Indiana

We deal in everything from low income neighborhoods to the high end luxury home market and our inventory is waiting for you to make a great profit margin and cash flow.

We desire to build a proper relationship with our buyers and serve them only the BEST deals.

We have deals in the pipeline right now and they're coming fast. If you are interested allow us to add you to our buyer's list by sending your email and contact information. 

We look forward to working with you!!

For all cash buyers,

We have multiple deals in various areas in the state of Florida, Texas, New York, Missouri, Ohio and Indiana

We deal in everything from low income neighborhoods to the high end luxury home market and our inventory is waiting for you to make a great profit margin and cash flow.

We desire to build a proper relationship with our buyers and serve them only the BEST deals. 

We have deals in the pipeline right now and they're coming fast. If you are interested allow us to add you to our buyer's list.

We look forward to working with you!!

Hello Amie. Add me to your buyer's list as well. [email protected]

This 21 unit apartment is located at 500 Jann Ave, Opa-Locka FL 33054, 21 units all 1/1s. This newly acquired property is located directly across from the new Amazon fulfillment center being built by the Opa-Locka Airport.

100% Occupied with rents ranging from $800 to $1,100.

Laundry facility is on site.

Section 8 approved

Bedrooms per unit: 1

Bathroom per unit: 1

Square footage: 11,710

Lot size: 27,904

Year Built: 1968

Asking Price: $2.6M

Rents: $800 - $1,100

Annual Projected Income: $201,600 - $277500

Cap Rate: 6%

ATTENTION: The rest of the financial analysis is available upon request. Property is under contract and information will be updated as we are in current negotiations with the seller. Information of property can and/or may change. Annual projected income is based on rents that can range from $800 to $1,100. Email me or text me (407-970-0648) for additional information (Photos, rent roll, expenses, etc).

@Brian Garrett

Thanks for your response.

I have, what I think is a deal, and no one is taking it and I'm wondering why. The annual cash flow is at least $10,000 a month! Projected Annual income is $236,394. Annual Expenses are $27,000. NOI is $209,394. It has a 11.9% cap rate (annual NOI = $209,394/$1,750,000)......

Do you see any red flags in this? Do you see any green flags in this?

What are some red flags in a financial analysis for cashflow/rental investors when looking for deals? And on the flip side, what are some "green flags" that will make an investor want to purchase a buy & hold property? Thanking you all for your advice in advance.

Question1: I've learned that there are holding costs associated with rehabbing a property. Property taxes, insurance, utilities, HOA fees and loan/financing costs are some of the ones I've recently learned about. Are there any other holding costs that needs to be put into the equation?

Question #2: As an investor, how do we go about calculating these costs into a budget to obtain before rehab? Assuming that these are costs that you'll have to more than likely come out of your own pocket for, whats the best way to calculate numbers in these areas so you can know how much you're going to have to come up with before you start looking to buy? Or can these figures be covered by your lender?

@Jon Holdman and @Lance Lvovsky

You guys mention the terms credit and debit, of which I never heard before until now. It sounds like the seller debiting the buyer and the buyer receiving a credit from the seller are expressed as being different sides of the same coin or idea, but exactly how is this exemplified? Is a credit documentation that the seller gives to the buyer?