All Forum Posts by: Shanae Williams

Thank you, @Christopher M. that’s what I’m thinking also welp , on to the next one! 

Thank you very much for your input.

Thank you @Jason D. 

he’s a flipper whom he says he sell his homes fast so I guess I’m up against actual buyers not sure what to do at this point. He’s letting me find a buyer but until I find one we’ll talk about contracts not sure how to tell a buyer about the home without too much detail n the home is on the mls... 

Those are great questions @Account Closed he’s selling it for 25k I see on Zillow he had it 29k. I don’t know why he’s selling nor the equity but definitely will ask. I know he said he has 7 more houses that’s not ready to sell yet so maybe he’s investor his self n owns these homes. He also know I’m a wholesaler. 

Chris Silva Thank you for responding, No, I haven’t but planning on to when I have an idea what I’m going to offer ( or should I do that first to determine the repairs for the front & side doors maybe garage & basement could some tlc but nothing major) I wouldn’t know how to price these repairs Or the arv. Determining what to offer has been difficult for me. I believe the house wouldn’t be great for a flip investor but maybe just a buy&hold.

Hey everyone! I’m a active new wholesaler never done a deal before. I’ve been marketing for a couple weeks gotta text from this guy who owns this home he’s selling this 90% move in ready 3/1 bath home (updated kitten & bathroom) in Detroit. I’ve check comps homes are selling around 20-45k around the neighborhood rent going from 750-900. Nice home just need front & side doors maybe tlc needed to the garage & basement. My question to you guys is how do I determine what to offer in order to make a small assignment fee and be able to sell at the price an investor would want. I’ve always get stuck at this stage, I don’t want it to go away because it’s a potential deal I believe. Any suggestions?

Hey everyone! I’m a active new wholesaler never done a deal before. I’ve been marketing for a couple weeks gotta text from this guy who owns this home he’s selling this 90% move in ready 3/1 bath home (updated kitten & bathroom) in Detroit. I’ve check comps homes are selling around 20-45k around the neighborhood rent going from 750-900. Nice home just need front & side doors maybe tlc needed to the garage & basement. My question to you guys is how do I determine what to offer in order to make a small assignment fee and be able to sell at the price an investor would want. I’ve always get stuck at this stage, I don’t want it to go away because it’s a potential deal I believe. Any suggestions?

Thank you @Nathan Platter but, wouldn’t that be very expensive for us with the little cash we do have? My boyfriend does basic construction. So it would be smart not to buy a house that has those problems and buy a house that needs minimal work. 

I guess my main question is with the 10k cash I have & credit score what route should I take to buy an house and be able to afford rehab. @Nicholas Kangos @Thomas S. thank you everyone for responding I really appreciate it! 

thank you. @Michael Bishop

Hey biggerpockets family! 

I’m a 20 yr old living in Detroit,Mi, a beginner wholesalers whose actively marketing to find a deal. Now, my boyfriend and I were originally going to get an apartment together but, I noticed we’ll be spending a lot of money for an apartment that we do not own. So I was thinking we should buy a home instead that we’ll live in fix it up then rent it out in a yr or two! What’s the best advice you would give, I don’t know much about buying an investment property, I only been studying wholesaling. Our cash budget is 10k and I have “Good” credit score.