All Forum Posts by: Caden Wakim

@Sam Tright I would leave it on the MLS. You will get more eyes on the property. I'd find a good agent and leave it in the hands of a professional to do the work you may not want to do.

Best of luck

@Chris Murphy I’m sure their are softwares for this, I think your best bet could be to contact property managers who work in the area, they will usually provide a list of “rental comps” and be able to tell you what price you will get in an area based on size and condition on your unit!

Best of luck

@Thomas Balielan sounds like he wasn’t being honest when submitting his application. Like said above, if he hid it from you until signing, it may not have been a service dog… that’s besides the fact… if you had the rules clearly outlined, and he didn’t follow or he isn’t abiding by your rules, I really think there’s nothing u should be worried about. Keep track of all events that occurred. I’m not an attorney but I don’t see any issues on your end.

@Bianca Rodrigues I would do a DSCR loan, like said above, they lend based on the deal itself. I just closed on Thursday, on a DSCR loan, a cash out refinance of one of my investment properties at 75% LTV. I did not have to provide any bank statements, or tax returns. They required a minimum 620 credit score. Just need to make sure your property appraises for what you want and need it to.

Best of luck!

@Luis Munoz really listen to what @Randall Alan said, he said it well!

@Scott Marchione pm me! I’d love to connect and try to find you a few deals!

@Ariff McLaren I 110% second @Kyle Momany here! As an investor, when I’m trying to find an agent to use in a new market, I love when agents provide what Kyle has listed, and ALSO, an agent I can trust 100% not try to force deals upon us just for the commission. Once you bring a few deals to an investor, you will be their lifelong agent as long as you can provide value in some sort of way. I love when an agent brings me an exclusive deal that not many have access to, like a great seller financing opportunity etc.

Best of luck!

@Steven Terrell yes u both can! It’s possible that her income may be enough to cover it without you having to show

@Rickina Velte this can be done… although you have to remember a few things. Most real estate agents have their investor clients, and when they come across a nice investor deal, they will usually send it out to their investors before it hits the market. A lot of times, the really good deals don’t even see the market. A lot of agents will also either not want to work with wholesalers, or not understand wholesaling and kill the deal.

That being said, you should hunt for the homes that are off market where you will have full control over the deal… you won’t have to communicate through the agent, you deal and build rapport directly with the seller and you will know what’s going on at each and every stage.

I find working with agents when wholesaling can suck, some know and are experienced in that field and some just aren’t. I think you will have better luck and success finding great off market deals.

Best of luck

From the details you provided, this could be a good deal, like said above, it hits the 1% rule which is good. Off the top of my head, your PITI would probably be in the neighborhood of 650-750$ per month leaving you with 600ish$ per month in cashflow. This seems like a pretty great deal. The next question id ask myself is why this thing is still on market? Are the disclosures clean? Is it a really old home? Some older homes are goldmines and some can be a pain... I have one that was built in 1909, and this thing causes me issues every month, I barely cashflow because im always fixing issues...

Best of luck