All Forum Posts by: Account Closed

Cool! Congrats. Don't forget to add in for vacancy, repairs, etc. Probably cash flowing more like 200-300 with that but still sounds like a sound investment in a growing area. I would imagine you'll benefit from appreciation over time.

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You first.

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Originally posted by @Lynnette E.:

The guys sending you fliers or cold calling are going to offer you 60 cents on a dollar. And then they are going to string you along while they look for an end buyer. They will drop the offer once you get tired of waiting for them to close.

IF you go ahead with them, make sure you escrow a deposit from them with escrow/title company and the contract says you get the money of they fail to preform on time. Watch how fast they run when you ask them to put some skin in the game.

You will get more money by using MLS with a realtor.

I bought my last property for asking price. I am closing on another property Friday for asking price. One was a mailer, the other was a cold call. Doesn't necessarily mean it's a wholesaler.

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NOTHING

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How do you know it cashflows if you don't know what the debt service is? You get partners or raise capital. I may be interested if it is in NC/SC

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I hate this question. Everyone answers but it's all oranges to apples.

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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 165 times.

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