All Forum Posts by: Todd Douglas

Its been a month now, how what was the solution? How did the deal turn out?

@Saravanan Saravanan Thank you much for that. I was just doing the whole taking incoming leads thing, and felt like I grew out of the whole dealing with homeowners thing, but in reality that can be more secure. Just having a professional bumper moment. The groups I am into, and have been obtaining more knowledge and relationships lately

Yeah, that is definitely part of the plan. Making deals is a big part of how I gain more capital to fund my own purchases. It seems as though I will have to re evaluate the foundation I want to build my business on. I have to become knowledgeable about financing deals for the bigger deals I come across. How is the IN market? @Jaron Walling

So, I am a licensed real estate agent in the state of Michigan, but I've been wholesaling for quite some time now. Aside from a couple rentals, making deals is my only income. Wholesaling, in my opinion is dying. Its becoming saturated, not only that, but saturated with those who dont know or care to know about the business. Just chasing a dollar. They make their money by gouging buyers with super ridiculous fees on one deal instead of considering longevity. Anyway, I have a substantial amount of buyers and sellers to fulfill supply and demand. However, I am having a tough time keeping momentum in the aspect of deals. Any advice? I know one is to get an effective assistant so I can be more than one places at once adding value and creating/maintaining more solid relationships. 

@Tahmid Kazi Yes, the documents mentioned(rent roll, expenses) by @Jon Reed will help you determine real numbers. Its just safer as the property may be leased to make 3400/month, but one tenant could be behind a ton of months, or maybe not. Just hedge your investment as best you can

Welcome to Real Estate from the Metro Detroit Market. good luck in your endeavors 

Yeah, the proof that the property is actually performing and real proof of expenses will definitely help

@Courtney M. See below. Hope this helps

I have a fund looking in that market, are there members of the group that I would be able to connect with to lead me in the right direction? @Jason K.

@Marisa R. Morningside is growing indeed. I am anticipating the growth of the surrounding areas right outside of both neighborhoods values are still tremendously low(Chandler Park Dr, etc.) My buyers are hesitant when it comes to purchasing in those areas.