All Forum Posts by: Shara Carlton

Welcome @Matt Engle. I started as a wholesaler and have now realized that the buy and hold game may be more up my alley also. I purchased a 3 unit in Gary, IN and am now looking to ownner occupy a 2flat in Chicago. If I come across something that may benefit you I'll send you a PM. Good luck & Happy Investing!

Can you elaborate on that just a little please. Would the clause say something like, "If I am unable to close on the purchase, then the end buyer will do so" ??

@Tim G., will do.

Thanks for the tips everybody.

Should I give them the address? What if they dont want to give a deposit?

yes

Now, I know that wholesaling off mls is not recommended because the properties are listed at retail price. However, I was able to get an offer approved for LESS than the listed price. Now, I have 10 days inspection period and, during this time, I want to set up a double closing. Am I heading down a good road? How do I get the end buyer to agree to the b-c closing with out circumventing my offer?

BTW, I work mostly around South shore, 60619, just sold a property rather quickly in Roseland area so I will be working that area more often (60628), and I'm working on locking up a few properties in Jeffery Manor area (E. 83rd and 94St.)... and thats just in Chicago.

I do Lake County, IN too.

Yep @Ana N. You also have to get a little nosey and get into the seller's business. Why do they need to sell? How much is owed on the property? Whats the least they are willing (or can afford) to accept (in cash)? You may be able to come up with another solution like a lease option or trade of services in exchange for a lower price...

Hi Ana. Even if your MAO comes out to be as low as 6-7k, I would explain to the seller how I came to such a low offer ( and, depending on what part of the southside you are dealing with, they should understand why a person would have to be crazy to pay that much (45k asking price+ 75k in repairs) for a property in that area.

Double check the comps, like Nathan Baumgart said.

What area is it in? I'm very familiar with the southside.

Oh. Somebody already posted it while I was talking to my kid. Lol. Well, here's the number. 708-687-3000