All Forum Posts by: Dewarren Sanders

Thanks everyone for you helpful replies.  @Aaron Montague I followed your advice and pulled every duplex with the same number of beds and baths in the zip code. It turns out that my ARV is closer to 84K and not the 107k i originally thought. Luckily i got it under contract low enough to still make a profit.

@Hattie Dizmond  

I expect each side to rent between $575-$650 a month and my assignment fee is included in the asking price.

I got the ARV from zillow. They have the estimated value at 117k also other 4/2 duplex in the area are estimated between 105k-125k so i said 107k for my property. Was i wrong in doing this?

Also i had a contractor estimate the repairs so i am sure they are accurate.

 Could you give me some suggestions on ways to change my marketing?  As of right now i have been posting on Craigslist and Backpage as well as emailing the owners of rental properties in that area letting them know that i have a property in the same neighborhood for sale (which may not be a good idea considering the owners that i contacted are trying to sell their property, so i doubt they are trying to buy more).

 1. I have the entire duplex under contract.

 2. I would say that the neighborhood was steady.  (I may be wrong like i said this is my first deal)

3.  I don't understand this question. Could you elaborate?

I got my first property under contract a few days ago and it seems to be a pretty good deal.  I have been marketing for a buyer for the last 2 days and have not had one lead.  I am hoping that anyone here will be able to look at the stats of my deal and tell me if it is a good or bad deal.

ARV: 107K

Estimated Repairs: 25k

Asking Price: 38k

The property is a duplex if that matters.  I appreciate all help that i get on this.  I am working really hard to close my first deal.

I should also mention that I am doing all of my marketing with no money at all, and i figure if I can find a motivated seller with no marketing budget then i should be able to find an end buyer without one as well.

Thanks for all of the leads guys.  Special thanks to @Curt Davis contacted Claire on yesterday and she got back to me today a was very sweet to me and answered all the questions I had for her about the process.  She also mentioned that you let her know that I may be contacting her.  Again thanks for the hookup Curt.

Hi guys.

Its great to be apart of the community and hope to network with all of you eventually.

I am just starting out wholesaling and am about to get a house under contract, but my problem is that I don't know of any title companies in my area that work with wholesalers.  I have called several today and all of the attorneys seem to be in meetings or unavailable.  Is there anyone who has experience in my area that would not mind pointing me in the right direction of a good title company that can meet my needs?