All Forum Posts by: Ian Kee

Is there a good reason to take a discount to the sale price? Is it that hard to get rid of the possum?

Are you trying to wholesale this deal, or keep it yourself to flip or rent? I would be careful with just multiplying ARV by .7. That's a good way to get a very rough estimate, but it is just that. But yeah, if there's a lien, that is something you'll definitely factor in to how much you offer. Ask local title companies to give you a list of their normal closing costs. There are certain costs that are usually paid by seller, and others by buyer, but everything is negotiable.

I have to agree with Michael. It sounds like you have a good rental, why give it up just to create a new liability? If I was you I'd just go look for a house that you can find off-market, and get seller financing so you don't have to worry about getting a loan from the bank.

Lol, glad to help. You need to be a P.I.G. = Professional Information Gatherer. Ask lots of questions to get information from sellers, really dig for the root of why they need to sell. Let them feel their pain. Help them solve their problem. You get paid to be creative and solve people's problems.

@Joanne Malseed You're welcome. I use the county courthouse for eviction, foreclosure and probate cases. And word of mouth. And "for rent" or "fsbo" signs. And proprietary software. And Facebook. And roadside signs. And Craigslist. And Wholesalers. There are dozens of ways. =)

 Pizza and beer. =D

yup. =) 

I think either way you'll probably do fine. Sounds like you're in a good situation. Just do the math and make the decision!

@Abigail Timbol That could be a good move depending on what you want to do. That will give you great information and training for selling retail real estate. Don't be thinking that will make you a professional fix n flipper, or landlord, or wholesaler etc. =)

If I was you I'd skip the realtor all together and look for off market properties because if you're looking for investing deals, you'll have to go through a LOT of MLS deals and a lot of offers before you get one accepted. I doubt any realtor is that desperate for a sale that they'll do that much work for a small commission.