All Forum Posts by: David Yates

Hi Tom, I'm new to this investing thing. I'm focusing on lease option wholesaling. This property meets my criteria. Would you consider a lease option?

Dear Fellow Wholesalers:

Let's face it, we all want more leads! However, I know that you wholesalers that are killing it, can't work every lead you get (doesn't match the criteria of your buyer, doesn't have enough equity, won't accept your low ball offer, etc.). Instead of throwing those leads away, why not let me turn them into cash for you? I'm focused on doing lease option purchases and want to partner with as many wholesalers as I can nationwide. Any lead you send me that I put a tenant/buyer in, I'll put $500 in your pocket, you don't have to do anything! ... Please, only pretty homes/townhomes/condos in nice areas, 3/2 and above in need of little or no repair. Let's make each other's pockets bigger!!!

Since the owner is not highly motivated to sell and you already have renter's in the house, If the renter's want to stay there, or even if they don't, you might want to ask the owner if they would consider a lease option.

John,

If you decide to work the leads you bought 3-4 years ago and find they don't fit your criteria or you can't get them under contract. I'm interested in forming relationships with wholesalers that want to get paid for leads they can't or are not using. 

Awesome job Caleb! How much did the private investor make on the deal?

 Thanks for the input Mark! You rock! I appreciate it

 Very Informative Charles! Thank you for the info, you have me pretty excited about Options!

 That's awesome Steve! I recently acquired somewhat of a local mentor to help me navigate through all the great opportunities here in Utah. I'll be speaking with him tomorrow and Options will definitely be one of the topics. Thanks!

Thanks for the advice Brandon and Rick. I agree with you both. I'm working on it!

Hello respected BP members. I am a brand new REI excited to build my business in 2017. My focus is traditional wholesaling considering I have no capital and I couldn't get a conventional loan to save my life right now. I may be able to get some private funding from people I know, but I didn't want to go that route for my first deal.

This may not come to anything, but I have found an abandoned corner house in my farm area that was built in 1896. It is on a main highway, but only a two-way street in this particular neighborhood. The other houses on this street are old, but this house is definitely the oldest. I spoke to the owner of the house next door. He told me that the owner plans on demolishing the house and building an office building on the property but hasn't done anything and it's been awhile.

After doing some research I found out that the house and property is owned by a non-profit development company. I want to make them an offer, but this isn't your typical wholesale deal. I don't think the house is rehabable, probably should be demolished, so what type of offer, if any, should I make considering a number of things could be best for this property, which has a land value of $112,300, building value of $144,890 and a market value of $257,190 according to the county assessor?