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I am a new investor also. I would say that the most difficult thing for me is getting enough properties under contract. It seems like I have such an extensive, and eager buyers list, but it takes so much time and energy to get properties under contract. I think it just urkes me to have so many ready buyers and not enough properties under contract. I have already assigned my first contract last week; but this time around I am out to get at least 3 properties under contract at the same time. I just hate to keep my buyers waiting so long before they hear from me about an assignment....I guess you could say that I like to keep my name out there so that investors know that I consistenly have properties to wholesale.

I guess it also makes it difficult when I am REI part-time.

Just my 2cents.

Thanks everyone,

I really appreciate all of the information. Now, I'm at ease.....

Thanks everyone so much!

I am back on the streets again tonight.

Good afternoon all,

I was wondering something.....

Recently, I just assigned my first contract. I am in the process of researching information on a few other properties. My question is.....

When you are looking at comps (either given by a realtor (CMA or on your own), what exactly should you be looking for? should I be looking at the List Price of other comparable homes? the Total Assessed Value of other comparable homes? or should I be looking at the Recently Sold Price of other comparable homes?

For some reason I just became confused??

I'm just not sure what numbers I should be looking at in determining the After Repair Value of a home when giving this number to investors. It seems as if I will give an After Repair Value number to an investor, and then they will check the comps and tell me that the comps they found do not match the number I gave them....please help...what am I doing wrong??

Also, what database are investors using to get pretty accurate comps?

Thanks a bunch friends.

Thanks for the congrats! I will continue to share my experiences with everyone. My new saying is, "Aint nothing to it, but to do it"

Hello to all,

I just wanted to let my new fellow investor friends know that I just assigned my first contract! I met with the investors at the property on Saturday, and we are meeting again tonight to sign the Assignment of Contract. I am so excited. It's truly amazing. Just to think....I was sooooooooooooo nervous at first. Now folks, I know I can do it. I can't wait to progress and succeed even more in this business.

So for everyone that is just starting out and are a bit nervous. I was in your shoes just a month ago. You can do it! Just keep at it.

GREAT LUCK TO EVERYONE

My exit strategy is assignment of contract. My offer was accepted...I'm so excited, and nervous! I am preparing the purchase contract today.

Wish me luck!

Actually,

I think I may have over-estimated my repair costs. The only thing the house needs is paint on the kitchen cabinets and kitchen door, some updating to the bathroom, some paint for the porch area and the front step rails to be tightened...that's about it.

What do you think?

Actually,

I think I may have over-estimated my repair costs. The only thing the house needs is paint on the kitchen cabinets and kitchen door, some updating to the bathroom, some paint for the porch area and the front step rails to be tightened...that's about it.

What do you think?

I am in the lovely crab state of Maryland