All Forum Posts by: Luke Grettenberger

Hi Drew,

Thanks for the honest feedback — I respect it. You're right: I’m new to wholesaling, and I’m actively learning how to properly evaluate deals, estimate rehab costs, and bring real value to cash buyers like yourself.

On this particular deal, I’m working on getting more accurate comps and estimating repairs — not just relying on the Zillow asking price. I’ve been using tools like Zillow, Rentometer, and talking to local investors and contractors when I can, but I definitely still have a lot to learn.

My goal isn’t to waste anyone’s time, and I appreciate you calling out what seasoned investors expect. Feedback like yours helps me improve and take this business seriously.

Thanks again — I’ll go back and work harder on my due diligence before posting deals in the future.

Best,
Luke Grettenberger

Investment Info:

Single-family residence wholesale investment.

Purchase price: $20,000

Wholesale opportunity in Flint, MI! 2-bedroom, 1-bath single-family home priced at $20,000. Great for investors looking for a fix-and-flip or rental property. Vacant and ready for assignment,

What made you interested in investing in this type of deal?

I’m new to wholesaling and interested in building experience by finding undervalued properties that can be assigned quickly. This type of deal fits well with my strategy to grow in real estate without upfront rehab costs.

How did you find this deal and how did you negotiate it?

I found the property through local FSBO (For Sale By Owner) listings. I negotiated directly with the seller by explaining my plan to assign the contract to an investor who can rehab or rent the property.

How did you finance this deal?

Since this is a wholesale deal, I didn’t invest cash upfront. I secured the property under contract with an option agreement.

How did you add value to the deal?

I added value by identifying a motivated seller and connecting the property to potential cash buyers in the area looking for affordable investment opportunities.

What was the outcome?

The deal is currently under contract and I’m actively marketing it to local investors to find a buyer quickly.

Lessons learned? Challenges?

I learned the importance of clear communication with sellers and investors, and the need to be patient while building a strong buyer network.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not yet, but I’m actively networking to find experienced agents and lenders who specialize in investment properties.

Thanks for the reply! Good catch — I should’ve explained better.

I’m actually looking to assign the contract on this property, so I’d be aiming to get it under contract at $15K and then assign it to an end buyer for $20K. The $5K difference would be my assignment fee for finding the deal, negotiating it, and connecting it with a buyer.

Appreciate the feedback — learning a lot as I go!

I’m looking at a vacant brick house in Detroit on 14531 Promenade St. The seller’s bottom line is $15,000, but I was considering offering around $20K to account for my time if I pursue it.

The house needs some work, and I’d like to wholesale it or assign the contract eventually.

Just curious — what would you estimate the ARV to be, and does this look like a potential deal from your perspective?

Would really appreciate any thoughts — thanks!

Thank you sir 

New to Wholesaling – Ready to Learn and Grow!

Hey everyone! My name is Luke Grettenberger im 20, and I’m based in Michigan. I’m new to the world of real estate wholesaling, but I’ve been diving deep into the education, networking, and groundwork needed to get started.

I just locked in my first potential deal and am in the process of building solid buyer connections, especially around Michigan and Indiana. I’m here on BiggerPockets to learn from experienced investors, share my journey, and hopefully bring value where I can.

If you’re a cash buyer, fellow wholesaler, or someone open to sharing advice — I’d love to connect. Let’s grow together!

Thanks in advance for the knowledge and support. 🙏

— Luke