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All Forum Posts by: Mark Durham

Mark Durham has started 2 posts and replied 169 times.

Post: HELP ME ESTIMATE IF I HAVE A GOOD DEAL .fix and flip wholesale

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

@Antoine Smith - Need much more info to be sure, but sounds promising, so keep doing Due Diligence. 

Anytime I find a highly motivated seller, I evaluate the deal to see if I can make any $ with it.

Post: Financial strategy to purchase more rental properties l

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

It may work well. I may be able to help get you a good loan product. 

Post: Cold Calling on Sundays?

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

Sunday may be a good day to have a VA make calls if you're going to do it all.

Be respectful & courteous any day you cold call.

Post: Seller finance, the basics.

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

I don't know your market, but it's still a sellers market where I am, so it's harder to find motivated sellers. Don't expect to get a high ratio. It's a numbers game, so keep looking/marketing. If you were a door-to-door salesman you're used to rejection, so that will help. Try pre-foreclosure and other lists as well.

Post: Is wholesale a good way to start in real estate investment

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

IMO, no.

Wholesaling successfully is much more difficult than most newbies think. To wholesale successfully, you need a lot of knowledge. You have to know as much or more as the buyers you're going to try to wholesale to. The starting with little to no money part of wholesaling is the least important part.



Post: Low Doc Refinance Cash Out Loans

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

I may be able to help you. Submit a Contact Us message at REISGA.com with your info.

Post: Looking to Use the BRRRR Method My First MF Buy.

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

I may be able to help you. Submit a Contact Us message at REISGA.com with this info.

Post: WHOLESALING AND EQUITY??

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100
Originally posted by @Antoine Smith:

THANKS , so equity and the money the seller owes to the bank isn't connected?

Yes, equity and what the seller owes to the bank are connected, but that's not the main consideration in a wholesale deal. 

I'm not sure you really understand the entire concept of wholesaling. Have you had any training on it?  

Post: WHOLESALING AND EQUITY??

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

Most wholesalers use the MAO (or similar) formula. Equity doesn't really come into play.

Post: Is the wholesaling market saturated in Atlanta, GA

Mark DurhamPosted
  • Specialist
  • Atlanta, GA
  • Posts 179
  • Votes 100

A LOT of competition.

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