All Forum Posts by: Michael Morris

I'm looking for a way to help people that's why I got into the business then got into. Of course I would like to help myself a little bit to buy making some money. The area I'm in is very very hard to do that. I can see your point distressed homes are from distressed people and people who I have not making good choices. But what I really want to know is what strategy I could use or do to accomplish the goals of everybody without killing them what could I do to get a house at a deep discount from these people that need this relief the most without hurting them and making it worth their while. Maybe in the process make the wholesale business a little better for everybody including you. You would benefit from having better access to Better Business people. Thank you for your reply and your Insight on this matter God bless.

I have recently started Wholesaling. I got an inquiry from a bandit sign. I looked at the house . It is in bad need of repair. My best estimate is 70,000 using the housewyze app online. the sales price of the house is 21000 All the comps are selling in the range of $20000 -30000 . Now I intend of a fee of 5000. Now if my house has a ARV of 20000 then my MAO is -55000 . Now obviously this doesn't fit in my business model. but my question is this . Is there a way for me to do business in this area as a wholesaler. The property would be worth a great deal more if the rehab was done but I cant prove it mathematically to potential buyer. A bigger pockets member from Louisville Ky would see what I am talking about in the west end and Portland areas. of course all responses are welcome. Thank you all and God bless!