All Forum Posts by: Darrell Jones

@Derek T. I told the homeowner that I work with a partner and my partner helps fund the properties and I'm the acquisition partner.

Hello everyone I'm somewhat of a beginner wholesaler and I currently have 2 Unit Multifamily under Contract.  What I thought was a good deal after walking through it for rehab cost and pulling comps then going by the 70% rule and calculating my numbers, I'm at a dead end.  I put the property under contract with the seller for a set price then went back after realizing an investor wouldn't pay what I was selling it for and was surprisingly able to talk the seller into bringing the price down 5k AFTER the fact we already had the property inked for a set price.

My closing date is coming up fast  I'm thinking I may not be able to sell the house.  I have roughly 2 weeks to make something happen.  I really don't think the seller will be willing to renegotiate the price and I've cut my whole sale fee down to the point where I will barely make any money.  Anybody have suggestions?

@Joe Kling

 You're absolutely right.  Should I repost this entirely or Add more info in the REPLY BOX?

The price of this Property has been dropped significantly to $72,000.00  

Hello all my name is Darrell Jones and I'm a wholesaler out of East Hartford, CT and I currently have a Multi family property that should draw great interest to the buy & hold investors out there. 

11 Potter St. Willimantic, CT 

7 Bed 3 Bath      2,209 sqft 

Asking Price: $80,000.00

@Raymond B.  Thanks for the help!!!

@Michael Noto I appreciate the help.

Could anyone recommend a Closing Attorney in Connecticut for me?  It seems that Closing attorneys that do Double and Simultaneous closing come few and far in between.  Any help would be greatly appreciated.

I'm looking for an investor friendly attorney who's familiar with doing a double closing, simultaneous closing or closing on an assignment contract for wholesale deals.

  If anyone is familiar with a Real Estate Attorney who I could get referred to then that would really help.  Thanks in advance.

@Leandro Rodriguez the root of my question was on how to find what rent could go for in different areas.  I pretty much added a reason to my question because I wanted people to understand what I was trying to accomplish.  But I can understand where you're coming from.  Also I appreciate the advice on speaking with a realtor and using Rentometer.com.  I'll be sure to use those tools to find my answers.