All Forum Posts by: Kainoa Jones

Hi Sid, welcome to BP. Looks like you bring a wealth of knowledge with you.

Hi @Richard Sanderson,

Great advice on checking with the Assessor's office regarding statute of limitations. It'll pay to be familiar with the laws surrounding that. Thanks for your time!

Hi @Roland Paicely

That's definitely a good put. Confidence needs to be very high in the buyers ability to close to ensure all parties involved have a positive outcome. Have a good weekend!

Thanks 

Good Morning @Larry F.,

This property would be a wholesale to a flipper. Thanks for the advice, I'll need to get the lease terms from the seller. Hope you're staying dry. It's pretty wet out today. 

Hello,

There is a potential property I am looking into with differing tax assessor and appraisal/ MLS sqft. There was an addition to the property prior to the current owner and my guess would be that the addition was not permitted. In Washington state, how can this discrepancy be fixed? Also, how much does this usually cost? The last thing I would want would be to incur back taxes.

Thanks!

Hello BP Community,

If you are wholesaling a buy and flip property that is tenant occupied, how is this typically handled?  If the owner decides to sell what is the common practice for dealing with the tenants? Thanks for your input!

Hey @Brian Fouts,

It's been a while since the last meetup group in Kirkland. I'll email  the details to your work email listed above. Great to hear from you again and talk to you soon. 

Thanks,

Kainoa Jones

Hi everyone, 

This is my first deal so hopefully someone can provide guidance on options to structuring it. The property is in Washington (WA) with an ARV of $369k and estimated repair costs of $40k. There is a $217k mortgage and the lowest price the seller is asking $235k. With the 70% rule the spread is probably too thin to pursue finding the traditional cash buyer correct? But maybe there is still a way to use creative deal structuring like seller subordination to complete the deal. How does creative structuring work with wholesaling? I'm not overly familiar with this, however, so hopefully someone can give insight on how to structure this. Thanks for your time.

@Sergio Ortiz,

Hey welcome! There's plenty to learn here from all of the resources. There's good starter guides on getting into wholesale as well. Feel free to read up on those and lol through the posts if questions come up. Good luck!

Hey @Jason Brooks,

Welcome! What area in Washington are you based out of?