All Forum Posts by: Daniel Holloway

Ok, so I am excited to start wholesaling and my wife is on board and supportive, but she's having a hard time understanding why sellers would agree to such steep discounts.  For example, if a house is worth 100K fixed up, and say 80K as is, why would a seller agree to sell to a wholesaler for 50K rather than list it for 80K?  Aside from the benefit of closing quickly, no inspections and repairs, and no realtor commissions, are there any other reasons that sellers agree to discount their properties.  I get that they are in a distressed time of life, just having a hard time overcoming my wife's objections when she plays devil's advocate.  Put yourselves in the sellers shoes and help me (us) to justify selling to a wholesaler.  Thanks!!

Thanks Michael, I would appreciate that information.  Rookie question here, but how do I determine how much equity the property has?

There is a house in my neighborhood that has been sitting vacant for well over a year.  The grass is waist high and there are stacks of bills and "extremely urgent" mortgage notices from the bank piled on the porch.  From my research (looking at the name on the envelopes and looking up the property on the local tax assessors website) I know the name of the owner.  My question is, how do I actually find this person to contact them?  I am interested in either trying to wholesale the home or buy and hold it myself but I don't even know where to begin.  I am in the Greenville, SC area and brand new to all of this.  Any suggestions?

Nice to meet y'all!  Seems like the real estate market in Greenville is booming right now so it should be a good time to jump in!

Hello BP!  I am a school teacher from Greenville, SC.  I have always had an interest in real estate and now that school is out for the summer, I want to really start taking steps toward investing.  I am reading through Rich Dad, Poor Dad, listening to podcasts, and reading articles to educate myself.  I like the idea of wholesaling to start as I do not have the capital to jump into flipping, buy and hold, etc.  I look forward to getting to know the other BP members from the upstate and learning the ins and outs of the Greenville market!