All Forum Posts by: Matthew Forbes

@Joshua Dorkin I want a .0000001% Commision on that.

@Vincent Lo About another 9 hours.  The price of a PRO membership goes up $100 at midnight tonight, so get on it.

Worked.  Back to being a PRO Member.  

So 2-3 Podcasts ago there was a code for 20%? off the PRo membership before the rate increase happens tonight.  For the life of me, I can't find it now.  Anyone know what it is?

@Mindy Jensen am I wrong?

Thanks!

In the end I ended up getting the house under contract for 70K.  I listed it with my agent and got an offer at 90K but it fell through.  The owner asked if he could just get out of the deal and he would do the rehab himself and I agreed.   I should have just done a quick assignment for $75 or 80K but I was hell bent on doing a wholetail deal.  

My vision in all of this was to make some cash to re-invest in buy and hold houses.  In MA the home prices are very high and the rents don't always leave cash flow.  After 8 rounds of direct mail, I really only looked at 4-6 houses and never closed a wholetail deal.  I burned around 12K trying this out.  Although I don't think this strategy is terrific near me I know it works well in other parts of the country.  After over 300 hours of podcasts and countless books, I am skipping to the end of what my original goal was and working towards commercial multi-family apartments.  I now know this is possible.

I wish I could but I will be in FL.  I HIGHLY RECOMEND that you go if you can.  I have met with Gualter several times, and this guy is the real deal.  I'm in next time!

I am in new territory and looking to partner up on a deal.  I have a house in West Bridgewater on 1.5 acres 3 bed 1 bath in good shape (Kitchen and bath allegedly was re-done 5 years ago).  Owner is the very definition of a motivated seller.  Typically this is an easy wholesale deal, but not this one.  The play (If I am correct) is to buy the house under market (not by a ton) split the lot, and sell the house for a small profit, then build on the next lot.  I have never done this and want to get hooked up with someone who has.  To be clear I do not have it under contract and I don't want to miss-represent the deal.  PM if this is of interest.

Thanks!

Update: The seller after talking with his wife did agree to 80K. I will be out to see the house this week (we had a nice little snow storm on Friday), and the 80K soft offer is contingent on the walking the house. We will see how it goes. My strategy is pure Wholetail. Do all the direct marketing, buy at .60%-70% of the "as is" and then sell it on the MLS to a cash Fix and flip person.

Adriein,

Thanks for the reply. I will be the first to say I need to learn more, but taking action is fun to. The 140 number is the as is value not the ARV. I am also buying for 80k. the question I am trying to figure out at this point is how a wholetail deal works if the buyer can't buy subject to, is there another way to fund the deal? Your thoughts are most welcome.

Thanks.