All Forum Posts by: Tapan Trivedi

@Al Williamson  The most obvious con is 'No electricity No Flush' . 

Can you barter with something else ?

Say the tenant purchases renters insurance - which is a GREAT first line of defense for you and anything that can happen to the property and shows you that they did. You let go of the increase. This will not make an impact on your bottom line - only an impact on your safety.

Just a thought.

Tapan

See how they behave and qualify you. When I wholesale I try to  make sure that the cash buyer is actually liquid currently or has the backing of a hard money lender that can close on my time line. If they take the time to qualify you AND get to know your farm and property preferences then its the start of a potentially great relationship.

The frustration goes both ways. I have seen many 'cash buyers' fizzle out at the last minute due to lack of ....surprise surprise ..... cash ! 

Good wholesalers know the time element and are not afraid to take on a lot of things on their own. I have a cash buyer that I owed a deal to (the deal was lost due to a stupid HOA lack that noone saw till too late and we walked away from that). The next deal that came that met his criteria I went to him first- waited for him to get his money in and then took on all the closing costs of BOTH escrows on our dime. A good cash buyer is a great asset and I do everything in my power to not screw them over !

HTH,

Tapan Trivedi 

Just added a RentRange report to the DropBox folder!

Quick Flip Sacramento, CA near William Land Park!

Acquisition Cost: $138,000

Contractor Rehab Bid: $25,000

Projected After Repair Value: $215,000.00

View pictures, contractor bid, prelim title and more:

http://tinyurl.com/20thsac

Contact me at:

[email protected]

(916) 512-6600

@Ali Boone - Let us know your cash flow criteria. We will find those for you ! Cash Flow is difficult but not impossible.

Cheers,

Tapan

Travis ,

There are people of all levels there. People who have done many many deals to people still looking for their first.

Tapan

Hey Travis,

Come and network with us at the Sacramento Real Estate Club www.sacramentorealestateclub.com We meet every Third Wednesday of the month at the Doubletree near the Arden Fair mall.

Cheers,

Tapan Trivedi

Here is information on a wholesale flip on San Marque Cir in Carmichael CA. 

Possible 95% Acquisition funding for experienced flippers.

We've run multiple CMAs and looked at historical prices on San Marque Cir as well. Last home that was sold on San Marque that was similar to this property went for $419 in 2009, and it was over 500 sqft smaller than 4984. Comps are strong in the area with multiple over $450k.

This property was listed, but I do have it under contract. The transaction will be clean as it is a double close - an assignment would not work with the title agent that the seller preferred.

4984 San Marque, Carmichael

Current 6 bedroom, 3 bath, 2,849 sqft
Suggested 4 bedroom plus office, 3 bath (open bottom room to expand living room and kitchen).

Purchase Price: $310,000 (Seller covers closing)
Conservative ARV: $455,000 

Rehab Costs

• 45-50k Standard
• 65-70k Gingerbread 

http://tinyurl.com/sanmarqueinfo
In the above link you'll find:

• CMAs & Realist Reports 
• 3 Up Comparison 
• Map Report 
• Contractor Bid 
• Prelim Title Report 
• Wire Instructions for Escrow

Detail Pictures: http://tinyurl.com/sanmarque

Link to inspection reports, including the pest, home, and roof:
http://tinyurl.com/sminspections

To hold:
EMD of $10,000.
Escrow has been opened at Stewart Title in Sacramento with Debbie Owens.
Wiring instructions in the first link.
Email offer to [email protected]
Quick Close preferred.

Contact Information for deal:

Tapan Trivedi
(916) 512-6600
(916) 919-8172 fax
[email protected]

See you all soon ! J.Massey is ready and is awesome !