All Forum Posts by: Dimitra Manou

That is a big spread between your two Comps. How did you come up with a ARV of 479? Commercial properties usually have a value based on the gross rent (10X for the better properties). But it sounds like a residential with commercial usage (in-home business?) But if the numbers make sense and will positive cash flow, maybe you can structure the deal that gives you time to find a tenant (highest and best use) before you settle will go a ling way in getting bank money if you are financing. Really be careful with assumptions and how you evaluate the market pool for the property.

@Dimitra Manou - look at comparable sales in the MLS or Costar for whatever type of deals you have and reach out to the buyer directly. Since they bought something similar, odds are they could be looking for more!

If you can’t find recent comparisons (since you mentioned it’s a small business) go out a few years. Also try and look close to the subject property or in generally vicinity.  

@Dimitra Manou

Compared to a rehab or buy and hold deal, the wholesale deal process moves rather quickly. Investors should be focused on speeding up the transaction to minimize holding costs and maximize overall profits, which is why it is crucial to have a buyers list ready to go. So how can one build a resourceful wholesale buyers list? Luckily, there are several tried and true methods that can help you get started.

Consider trying on or more of these techniques as you build a real estate wholesale buyers list:

1. Attend networking events and trade shows to meet interested investors.
2. Launch an email marketing campaign to reach large numbers at a time.
3. Start a direct mail campaign searching for potential buyers.
4. Hand out business cards to anyone you meet, letting them know what you are looking for.
5. Create content online to spread the news about your real estate investing business.
6. Build a strong website to attract potential leads to your business.
7. Post on social media and begin building an audience online.
8. Place a few well-positioned bandit signs in your market area.
9. Look around the neighborhood for “for rent” signs.
10. Search Craigslist for real estate investors who may be searching for a new property.
11. Partner with a real estate agent who may know of interested buyers in the area.

Read this article for more information https://www.fortunebuilders.co...

All the best!

 If you do not know the numbers then do not do it, Its all about the numbers, PLEASE do not try this yet, you are not ready. Connect with someone doing deals, learn then apply what you learn 

 Is this a rental community? what are the comps and finishes like? what is the entry price point to the neighborhood? which features does this one offer or who was the architect behind the build? All of these considering takes into account for establishing value on a luxury product. Look at replacement cost and chances of someone building something alike.