All Forum Posts by: Nick Pries

Hi! I am in a really bad situation. I need access or approval for $100,000 cash by Tuesday night!! I don't have the funding because I got stuck into a contract after my buyer had backed out. I will lose a substantial amount of Earnest money if I can not secure the $98,00 CashTo purchase a single family Fix & Flip. It is a really good deal that has a potential ARV of 85%+ if you add a bathroom which is the plan it can be over 100% ARV! I need someone who can work with me on this. This is my first deal, I have 2 jobs and FICO over 705 and can definitely service the debt. I would forever appreciate some help on this deal! (:

Good morning ya'll. i have my first wholesaling  deal under contract. My next step is getting set up with an investor friendly title company to handle the assignment of contract and dispurtion of funds. Does anyone know or could refer me a title company?! 

Quote from @Edwin Rodriguez:

@Hunter Ferrari

I live and invest in WV. I do buy and hold single families for cash flow and tax benefits. You have to be very selective of the sub market you want to be in.

Hi, are you looking to buy in Williamson? I have a 3 bed 1 bath 1,300 sqft single family for sale. Located on a mountain side. It’s currently listed at $40,000. Let me know I need help selling this thing asap. 

Hi, I have been using prop stream, driving for dollars and other lists. I need advice on that distribution of words when they answer the phone. People have been hanging up right away. 

How would getting a deal under contract work. Would I need to contact the agent on the listing or the seller himself. Would I need to have a buyer already lined up or would I have to get the house under contract first? Could someone help me with this process I have a found a great deal!! 

Quote from @Bob S.:

Quote from @Nick Pries:

Quote from @Bob S.:

Quote from @Nick Pries:

Hi, I am a beginner wholesaler looking to build a client base. I am currently working with an agent who is a rockstar and I am looking for advice about wholesaling. Specifically help on how getting the deal under contract works. Thanks. 

 Buyers are the easy part, ( you are doing it backwards) just get a deal, the money will find you, , Post it in the local forum, it will be gone in a day IF good, 

All the best 

 Really? Wow that is amazing. I thought it to be the other way around. Thanks Bob!!

 No all the useless books tell you to build your " power team" NO find deals  everything else will take care of itself

 What kind of deals would you recommend?

Quote from @Bob S.:

Quote from @Nick Pries:

Hi, I am a beginner wholesaler looking to build a client base. I am currently working with an agent who is a rockstar and I am looking for advice about wholesaling. Specifically help on how getting the deal under contract works. Thanks. 

 Buyers are the easy part, ( you are doing it backwards) just get a deal, the money will find you, , Post it in the local forum, it will be gone in a day IF good, 

All the best 

 Really? Wow that is amazing. I thought it to be the other way around. Thanks Bob!!

Sweet thanks for the tips John. 

Hi, I am a beginner wholesaler looking to build a client base. I am currently working with an agent who is a rockstar and I am looking for advice about wholesaling. Specifically help on how getting the deal under contract works. Thanks. 

Quote from @Doug Smith:

We do them, but the more experience you get, the more aggressive lenders will be. You'll typically need a bit more down...say 25%...but it's doable. 

Sounds good, thanks for letting me know Doug. Let’s say I was to purchase a foreclosure for $60,000. And I were able to put $15,000 down. Do you think I would Abel to get DSCR loan if that property were to have a 1.0 DSCR not including the $15,000 down?