All Forum Posts by: Account Closed

@Gilbert Ross Jr

I like your simple and straight forward answer. If it's a good deal, even after the back taxes are paid, it should still sell. 

@Warren Higgins

Where are you picking up your properties from? MLS? Wholesalers? Craigslist? Etc.

@Kristin Whitaker

I'd walk away from it. I would try to give the lead to other investors and see if they are interested so I can still help the homeowner out. Maybe the other investor would pay me a referral or finders fee. 

@Ted Phelps

Proof of funds for a wholesale deal? That's too complicated for me. Im trying to find my own deals without a real estate agent. If I put it under contract by myself, and then assign the contract to another buyer, I shouldn't need proof of funds. 

@Jorge Garcia

When you look on sites like zillow and redfin, there is a description of the property. I usually see things like "new windows" or "new energy efficient windows". If I spent the money to install the expensive impact windows, I would definitely have it listed in the advertising/description for the property. I would think other sellers would have it listed as well. 

@Jorge Garcia

I'm not a flipper but I have renovated 2 houses while living in them. I love websites sites like zillow, Redfin, trulia, etc. I use those apps every day. There are usually lots of pictures and details on those sites about the houses. I love to see what others are doing to their properties and see how fast they sell. 

If it was me I would either talk to a realtor that knows the area and knows about recent home sales, or I would research sites like zillow and Redfin. Look at all the recent home sales in the neighborhood for the past 6 months or year. At least do what your competition is doing. If you are the only house in the area that does not install the impact windows when everyone else does, you might have a problem selling, or you might not get the price you want. 

@Cathy Chang

I am thinking of turning my current primary residence into another rental when I move. The house needs a driveway very badly. My CPA says it would be better tax wise to replace the driveway AFTER I make it a rental. 

@Wanda Williams

Welcome to BP! I'm new to wholesaling myself. I've learned a lot on the BP forums and from listening to podcasts. You're in the right place to learn and to network with other investors! 

@Account Closed

My 1st tenant stayed for 2 yrs. Rents in my area went up a little but I didn't raise them. I probably would've kept it the same for many years because he was quiet, clean, and always paid on time. I think my rental is nice compared to others in my area. If rents went up several hundred per month in my area over a few years, I would raise rent. I wouldn't raise it up to where my competition was, but I think my house is nice enough to keep a tenant at a higher rent. 

@Logan Sherwood

I'm trying to learn how to wholesale to build capital. I think learning the direct marketing part of wholesaling will also help me to get more rentals at the lowest price, which means more cash flow and more equity.