All Forum Posts by: Account Closed

@Jake Thomas And that's one of the things too, is I stay on the higher side just as you said, to cover most or all bases. But this is when I start thinking... If I'm on the high side, this essentially is bringing my offer to the seller lower, potentially affecting the chance of making a deal. Where as if it wasn't on the high side, I could be closer to offering what the seller wants, giving me a better chance at making a deal, and having less 'work' needed for the buyer to invest in the property. 

I suppose it's just one of those things that comes with time and experience. The more various conditioned properties I see, the better of an idea I'll have to say yeah this needs paint or no it doesn't need a kitchen remodel but just a cleaning.

@Scott Schultz, yikes! One thing came to mind when I seen that photo... 

Wholesaling, fix and holds.

I've been through quite a few properties thus far and have gotten pretty good on my estimates but there's still this gray area that continues to make me ever so slightly doubtful. 

What do you consider something that may need attention? 

For instance, some properties may have walls with decent paint still (albeit uniquely chosing colors and not your simple whites) that may need a cleaning but could arguably need an entire top to bottom job. Do I estimate paint in the repair costs or keep it as a small cosmetic fix/cleaning and the current paint/color remains? Or maybe the property has a good kitchen that is completely functional and liveable, but a little out of date? Do you consider this a remodel, or still ok- use it? 

I suppose it's like the saying, if it's not broke, don't fix it. I feel like some aspects of a property I may or may not add into repair estimates, may or may not need included and I could have much more solid prices/offers. X could say it needs a kitchen remodel, W could say nah, doesn't need it (but it's apparent it's out-dated by the naked eye). Maybe W says it doesn't, so that remodel estimate isn't included in their repair list. Now they have a buyer but they're on the contrary about the kitchen remodel and insists the price may be skewed. 

Did I lose you yet or you still with me? Haha. I hope I explained it for you guys to understand my current conundrum. Thanks ahead of time for any and all of your input! Much appreciated.

Regards,

Ryan Andexler

Thanks Ron, looking forward to meeting you and everyone else!

Thanks Gino for the quickness! Wholesale speaking, should I approach these a little different than I would a "normal" rental property? I guess my question is, any key questions I should clear up I wouldn't normally ask John Doe in the suburbs about his rental? Maybe I'm looking to deep into it and should approach it as I normally would..?

Haven't came across these until now. Would you say they're worth the time to look into? Reason I ask is because I can see it (possibly?) being two extremes. Bad extreme; tenants are students and if not screened good could really tear the place up and make maintainence a big issue. Good extreme; considering they aren't tenants that destroy the place, could be a very solid cashflow property year after year since students always need a place to live. Is student housing a good market, or can it be more trouble than it's worth? This is more focused on the Akron Univ. area as I know some parts aren't all that safe either.

I have this issue with a couple properties people have introduced to me that they want to sell. There's a bad tenant, and they want them out and the property put for sale. Is there anything I can do on my end with such an issue, or is this type of situation all in the owners hands? Is it possible for me to do something that can help them evict the tenant faster?

@Joe Cantanzriti @Kathleen Bassett @Dustin Faeth Thanks guys I appreciate it! Glad to be here! 

Thanks everyone, I'm looking forward to what this site will bring! There definitely is an extensive amount of information that I'm sure I'll be going through for weeks to come. Who knows, maybe one day in the future we will even work together! I appreciate the kind words and support!

Hello everyone, Ryan here, and want to take a moment to introduce myself. I'm relatively still new to real estate, wholesaling in particular but have been enjoying it ever since a friend told me about it. Would never have guessed this would be something that I would want to take on professionally; I'm a big car guy so I thought things were going to revolve around horsepower and four wheels! Fortunately the more progress I make, the more I enjoy this service I can provide and be part of, not to mention the many amazing people you can meet. 

Right now I'm working in the Cleveland area and suburbs and also in the Akron/Canton area. My plan is to expand down to Columbus in a couple months and explore everything in between. I have a couple of my first properties right now that I'm working on finding buyers for, which at the moment is the most challenging part; finding reliable buyers. With that being said, I'm looking forward to meeting and working with other wholesalers, buyers, investors, and really any other professionals. Some of my goals are to one day have 50+ home rentals and 4000+ unit complexes, but that could be subject to change some because I know there's more to learn and more experiences to be had.

Cheers!

Ryan