All Forum Posts by: Brandon W.
Brandon W. has started 9 posts and replied 81 times.
Post: Need Help on Wholesale Contract
- Llanybydder, Wales
- Posts 83
- Votes 11
Honestly the way I found a good contract is by being the middle man between buyer and seller. I would have seller email me their contract for my buyer. I would then bring it to my buyer, but during all that I would read over the contracts and if I liked it I would ask the seller if they could send me a blank one for my personal use. It worked for me so I hope it works for you.
Post: Need Help on Wholesale Contract
- Llanybydder, Wales
- Posts 83
- Votes 11
Excellent advice.. keeping things simple is always good. how is the wholesale business going in AZ?
@Account Closed
I am glad to hear there is strong activity with investors in AZ. Excellent information on what my focus should be when wholesaling. Get the property under contract and flip it to someone. I have been going to lunch with investors in my area and going to meetups to build relationships and I will keep my reputation impeccable.
Awesome idea for Craigslist and newspaper I could even call the signs I see posted everywhere "WE BUY HOUSES CASH" just to see what they are doing and tell them what I have. If they don't want it I'm sure they know someone who does.
Thank you for sharing your search criteria on ListSource with me I was utilize that tool asap.
*fist pound
Post: Closed on 250 apartments in Houston, Texas yesterday! 2 Lessons Learned...
- Llanybydder, Wales
- Posts 83
- Votes 11
Originally posted by @Joe Fairless:
@Mark Murphywe found this deal through a broker relationship
@nick
@Nick B.sure, happy to. First some context. The current owner upgraded 30 out of the 250 units and then stopped because it wan't in their biz plan to complete the renovations therefore we are picking up where they left off. Here's our projected Year 1 #s:
Effective Gross Income: 2.45M
Operating expenses: 1.34M
NOI: 1.10M
Debt service (bridge lone while we do renovations): 645k
Net Operating Cash Flow: 386k
I am new to Real Estate so take this question with a grain of salt.
I appreciate you showing the numbers but I am curious as to how many investors you had involved on this syndication and what is there ROI? Would that ROI not come out of your NOI along with the bridge loan (645k) for renovations?
Post: New Member from Arizona
- Llanybydder, Wales
- Posts 83
- Votes 11
Thank you for the nice welcoming. I will definitely check out the Podcasts.
Post: New Member from Arizona
- Llanybydder, Wales
- Posts 83
- Votes 11
@Account Closed
Thank you for your offer. I will take you up on that. What type of work are you doing in Texas?
Originally posted by @Brandon W.:
Thank you for the advice. I will be careful and keep my eyes and ears open when dealing with wholesalers.
I will try reaching out to Buyers on BP.
Thank you for responding to my post. Any other advice will be appreciated.
Okay thank you for the help. I'll stay away from doing double closes in Washington then.
Thank you for the advice. I will be careful and keep my eyes and ears open when dealing with wholesalers.
I will try reaching out to Buyers on BP.
Thank you for responding to my post. Any other advice will be appreciated.