All Forum Posts by: Eldrick S.

@Mark Holmes nothing new. It's still on the market. They lowered the price. If they lower it again I'll make another offer. They never countered my offers, just declined them.

Bump

*Contract for Assignment*

Purchase price: $35k

ARV - $72k

Repair estimate - $10k-$15k

2 beds, 1 bath

1668 sq ft

Foundation and roof are good 

Master bedroom floor needs put in and garage walls need put in

Other repairs & updates will be needed before it is move in ready.

Minor cosmetics

Great potential!

30 mins from Texarkana, AR.

@Ryan Blake thank you for this! From my understanding, double close is double closing cost and less money I get back? Is it better to do a double close than assignment? This is my first deal so I'm new and learning the ropes.

Hi BP, I'm new to wholesaling and I just got my first offer accepted. Now I am ready to send over the contract to him. Only thing is I have no contract. Can anyone point me in the right direction as to where to get the best assignment Contract with option period that can be used in Dallas, TX? I'm looking on TREC website but do not see an assignment contract. Any help is appreciated. Thank you!

@Andy Mirza this is great information! I'm going to have the agent see if he can get a verbal counteroffer and go from there. $45k was going to be my max offer if they countered.

@Andy Mirza they want $60k. I originally offered $30k then offered $40k. They declined both offers with no counter. It needs about $10-12k cosmetic repair but is move in ready for a tenant. There aren't homes that have sold recently in the area. Based on the Sq ft $, once fully fixed up would be worth about $80k.

@Andy Mirza that's what my agent says as well. I'm thinking of increasing my offer a little just to see if they will counter. Normally when they don't counter, my offer is too low - per my agent.

@Kevin Sack they didn't accept. I put in 2 offers and they declined both with no counters. It's been on the market for 2 months now so if it sits for a few more weeks I'm going to put another offer in.

@Toby Ima Thanks! Going to check them out.