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All Forum Posts by: Olusola Abitogun

Olusola Abitogun has started 9 posts and replied 35 times.

Post: Selling a SFR in Detroit perfect for Rental

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

Post: Selling a SFR in Detroit perfect for Rental

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

YES...clear title ....$1200 Tax delinquency......BUT I dont have pics of the interior....Please send me PM for more info

Post: Selling a SFR in Detroit perfect for Rental

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

HI Guys..

I have a house that I am interested in selling in Detroit. 

  • 3 Beds1 Full Bath
  • Size: 1,452 Sq. Ft.
  • Single Family
  • 2 Floors    
  • Needs Work.                     

im personally not sure how you can do that.....Crowdfunding maybe.......you should also consider Wholesaling it for a good Chunk of money and possibly start a wholesaling business go higher from there...Good luck man 

Hello

I need a recommendation for a Good & reliable contractor and inspector in the Trenton area. I have a duplex probject coming up VERY soon. Please help. 

Post: Wholesaling / Creative Finance Question

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

I have house under contract....And thanks for the imput

Post: Wholesaling / Creative Finance Question

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

Thanks....point taken

Now, if the asking price of a house is close to the retail value, how will your structure that deal to acquire it? Considering the seller is motivated , positive cash flow property and the owner is just trying to get it off his portfolio. ....How can you structure that deal

Post: Wholesaling / Creative Finance Question

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18
Originally posted by @Brian Garrett:

Make sure you triple check and verify your numbers though because you’ve thrown out 3 completely different values all in one discussion.

The point of the post though is to ask about creative finance IF the price is close to the retail value... but thanks for your earlier points. 

Post: Wholesaling / Creative Finance Question

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

OK perfect....Thanks @Brian 

Post: Wholesaling / Creative Finance Question

Olusola AbitogunPosted
  • Perth Amboy, NJ
  • Posts 38
  • Votes 18

How? Based on ZILLOW, Icomps ...the value of the house is around $255K. But Zillow is not necessarily accurate i believe. 

I've manually checked price of Triplex in that area with 3 bedrooms each and they are recently sold for $375K.  I've also talked to an appraiser that confirmed this. 

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