All Forum Posts by: Account Closed

I am trying to build a buyers and I put ads on backpage & criagslist for starters. I just begun to receive reply's. I got a reply from someone who identified themselves as a wholesaler, Thats what I am trying to do. is it good idea to wholesale a property to a wholesaler? how would that transaction work?

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Originally posted by Financexaminer:

Good point Jason, and Will, Just a comment...also if you get a bid and your buyer is going to rely on that amount, make sure that the bid can be assigned. If you get a solid bid on a job, then you assign your purchase contrcat to someone, that contrcator will not be required to honor the bid made to you and your buyer may not be happy.

I would assume he would do his own homework!

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Originally posted by Mr_Investor:

No they are not reliable. Their zestimates as they call it are way off thousands to tens of thousands and should not be used to truly evaluate a properties value.

If you are wholesaling and want the ARV your best bet is an investor friendly agent who can give you recent sold comps in the area of the property you're trying to wholesale.

I just got comps from a title company and they don't match the zestimate.

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I have been looking online for property single family. I noticed a lot of people list a zestimate. a Valuation from zillow.com but Are these really reliable? if they are I found bitchen property to wholesale if not I gotta keep looking.

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Originally posted by Will Barnard:

In that case, you would need to compensate these team members.

ok thats what I thought but how much or are they going to set the prices.

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Originally posted by J Scott:

Originally posted by David Rey:

I guess the question is can I just call someone to have this done? I am asking this because I am trying to assign the contract and don't plan on doing the rehab work myself.

Not sure I understand the question...

You can certainly call someone to have this done, but you have to find this someone before you call. This will require you doing some research, finding another investor in the area who can help, traveling to that area, whatever.

But, once you find that person, it's probably safe to assume that he has a phone and you can call him...

I was talking about calling a contractor to get an estimate but I would not be getting an estimate to actually hire him. The estimate would just be to evaluate it to see if it is worth an investors time. The investor being the person I am assigning the contract to.

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Originally posted by J Scott:

If you plan to buy real estate out of your local area, you should expect to have a team on the ground in the place where you do intend to buy. One member of this team should be a contractor who can do inspections, estimate rehab costs, etc, and report this information back to you.

I guess the question is can I just call someone to have this done? I am asking this because I am trying to assign the contract and don't plan on doing the rehab work myself.

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Originally posted by Steve Babiak:

http://www.biggerpockets.com/articles/142-7-steps-to-7k-in-7-days

from a quick glance at that, it looks like part of either step 1 or 2.

It doesn't tell you exactly how to determine the rehab work needed but it tells not to forget to take rehab work into account.

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I am reffering to an article on biggerpockets. It says you can buy and sell virtually meaning completely online.How do you know the property isn't trashed if you do it completely online?
this article is in the wholesale section if you want to refer to the article before you answer.

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All Forum Posts by: Account Closed

Account Closed has started 24 posts and replied 49 times.

Post: Building a buyers list question?

Post: 7 steps to 7k

Post: Zestimate?

Post: Zestimate?

Post: 7 steps to 7k

Post: 7 steps to 7k

Post: 7 steps to 7k

Post: 7 steps to 7k

Post: 7 steps to 7k