All Forum Posts by: Dan Ahlborn

I got my first call from my posters I've been hanging on store bulletin boards. This guy has last his job 6 months ago and looking to sell his 3bd/2.5bath 1700 sq ft house in a newer subdivision in North Eastern Wisconsin. This home is 7 years old and is great move in condition. The FMV is $245,000 off the tax roll. Plus there is a new house next door listed for over a year and sits vacant as that home is listed for $259,000. The seller is looking to get 190,000 and owes $160,000 I'm planning to call him back tomorrow to offer my deal. I want to offer get this property under contract for about $175k or so

I need thoughts on strategy on presenting a lower offer on a new property like this that I don't really have leverage on fixing up the property.

Comments welcome

I'm a new investor in Wisconsin and I networked with another real estate investor who is looking to get out. He currently just holds property with a combo of tenants and lease options and he is looking to liquidate his assets. He lists all his properties with an agent.

I'm looking to focus on wholesaling, but I don't want to miss out on this opportunity. The one I'm looking at is a 3 bed/2 bath 1000 sq ft house listed for $64,500. Some updates but it's primarly set up for a rental. He's gets 650 in rents currently

I few questions to the forum. 1) What is the best way to deal with a realtor when wholesaling? 2) Would you recommend to hold this property with a chance to lease option?

Thanks for your help....Dan