All Forum Posts by: Chas Fabiano

I am not looking to Wholesale this. Thanks for the suggestion guys but is not my exit strategy on this one. 

@Matt Ellis 

Hello, First you need to find out the True ARV is first. Do you have a Realtor you work with that can get you what the house is actually worth or a program that can tell you that. You say there is no repairs needed on the house at all? (Are you sure, if its for rehab are the windows, roof, furnace, water heater, AC, kitchen, bathrooms, paint and flooring good?) If your exit strategy is to wholesale to investor that will be using it as a rental and no repairs is good, but you need to know what your investors price point is for that neighborhood and minus your wholesale fee from the price you offer your seller. NOW if you exit strategy is to wholesale to an investor to rehab or keep for yourself to rehab you need to know the ARV so lets say the ARV is 135,000 x .70 =94,500 minus repairs 15,000 minus wholesale fee 10,000 =69,500 ALL CASH close quick offer to seller. (you set your wholesale fee amount, that was an example) Most important tho is what your seller is needing, listen to your seller, and try very hard to accommodate their needs, have compassion for their situation, answer all questions and remember honesty and integrity will take you a LONG WAY in this business!!! Good Luck, sounds like a good deal to me!!!

It would be nice if becoming an agent in California one would have access to the MLS; however, you need to either be a broker or work for a broker. I became a California Realtor; however, I feel like I wasted my time. Thus, there is not much help for me to be a licesnsed real estate salesperson, if I am going to become an investor. Any thoughts about this out there. Thank you. I would really appreciate it.

I believe that the threat of vandalism on a property that someone owns yet has no way of keeping tabs on certainly qualifies under the umbrella of "what keeps your prospect up at night?" 

Combine that with the traditional avenues of distress (bad tenants, drugs, disease, divorce, death, dirty property, unemployment) and you could have a winner.  The only way to know is to test it out.