All Forum Posts by: Roland Paicely

Kate,

I've done some Lease Option deals.Based on the information about the townhouse the numbers can work.  It depends on how motivated the seller is and a few other things.  There is a way to make money on this.  I can help you with it.  But the seller would need to be on board.   Do you think the seller would be open to this?......Roland

Hi Kate,

The numbers look too tight to me. Although, a landlord investor might be interested. If it was a SFH the chances would be better. Still, it doesn't hurt to give it a shot........Roland

Let me know if you have any properties in North Carolina.  I have a lot of cash buyers on my list for Raleigh, Durham & Charlotte...........Roland

That sounds like a great idea Cass!  I haven't used Sly Dial.  I'd be interested in knowing your results......Roland

Hey Charles,

When an owner is upside down it isn't a property that can be a wholesale deal.  There must be equity.  Also, you mentioned that it would be a good property for a rehab.  If it also needs repairs and the owner is upside down, I think your time would be better invested looking for other deals.

Sorry to burst the bubble..........just sayin

Quilia,

Good job so far! I'd look at it almost like any other wholesale deal. Get as much info as you can including repairs, ARV etc. In the event the buyer wants some but not all. I'd get a selling price for each individual property.

The 10% does sound a bit high.  But to me that's just another asking price.  Everything is negotiable.

Good luck.........Roland

A lot of the free comp services aren't very accurate.  The best is to have a real estate agent get comps for you.  If you send them some business they will do that for you.

Also keep in mind that you should know quickly if you truly have a deal or not.  It will not take 30-45 days to find that out.  If the deal is good you will know within a couple of days, a week a the most.

It sounds like talking on the phone simply isn't your thing!  I like all of the advice that's been given. It does get easier.  Maybe you still will not like it.  But it will get easier.

Another idea is to partner with someone that loves that part of the business.  Their strong point is talking on the phone with sellers.  Yours could be the marketing end of things.  Think about it and be creative..........good luck and thanks for your service!

Keep in mind that one of the most valuable things that the seller will benefit from is Time.  Investor buyers can usually close within 2 weeks, sometimes sooner. 

A lot of retail offers ask for a 45 day closing etc.  If the seller is motivated the time factor is huge.