All Forum Posts by: Lukas Vanagaitis

We have all contingencies in place, it's all good, offer expired twice. We have done our homework, checked the title, etc, and that's why I posted here - on the phone it all sounds good he agrees with everything and promises to sign "tomorrow", doesn't have any problems, just acts very busy.. And to be honest, I don't understand why you wouldn't want to sell your property where you don't actually live, where windows are boarded up and the property is destroyed. Quick notice, we offered similar price what he paid 5 years ago so he wouldn't loose anything.

Thanks, yes, I try to hold my cards. On the phone he sounds very motivated and agrees with a price, doesn't have any questions but I agree, it seems like he's just wasting everyone's time. I have offer expire date which I changed twice already. 😄

Owner says he owns the property free and clear. There are 2 other people on the title. Property is vacant (despite some homeless guys) and in a bad shape. We agreed on the price, numbers worked, I sent him standard 1 page agreement, and he hadn't called me for a week. Later we agreed to increase our offer (and reached MAO) in terms of getting signed contract within 72 hours. Another week passed by. He answers the phone acts like a busy person and apologizes, says he still wants to sell it to us and promises that he'll get it done tomorrow (same on every phone call). Is that some type of new scam? Would you still chase the deal?

Hi Adams. I agree, Las Vegas have a great potential, but there is so many new construction production houses starting at mid 200's and apartment complexes in the best neighborhoods. Here is a big variety of newer production inventory. In my opinion older custom homes that needs to be repaired has a great potential. Look at Green Valley South. A friend of mine just bought a custom 70's house there for $280k, rehab costs around $100k, ARV $500k

My parents are not a US citizens and live in EU. They just sold one property in EU and now I want to use that money to invest here in US. How to transfer little less than $100k from European bank to US bank without being taxed in two countries and transfer fees? Any ideas? Thoughts? Thank you guys

They do! And curious what is the fair pay for comping let's say 10 properties?

How much and when do wholesalers pay to realtors for their help? Lists of expired listings, cash purchases, comps, etc. do you pay them a percentage of your fee once you close a deal?

Thank you for answers

There is a big competition, so I wouldn't even waste money on postcards. I think driving for dollars is one of the most effective ways to find abandoned houses. If you locate ugly house but it's not vacant, leave a card in the mailbox, write down the address and when ypu are back home check if that's an absentee owner. He might be dealing with bad tennants! When driving for dollars you will get a lot of experience, if you see a rehab, stop and write down the address - the owner could be a great cash buyer for you! Good luck!

I moved to US from Europe a year ago. I'm renting an apartment now and thinking to buy a condo in Henderson, NV, rehab it and live in it myself untill the time comes to move on and sell it. I'm not thinking to hold it forever, it would be temporary solution for my housing while I live in Las Vegas area (probably a couple more years). I'm a wholesaler so it will not be a big challenge for me to locate a condo for less then a retail value. Concerns - 1. HOA DUES (heard a lot of bad stories!) When I move out and decide to rent it, it may kill the cash flow. 2.how hard would it be to sell a condo after 2-3 years? I see a lot of condos on Zillow that has been there for 150 days or more... 3. If you have funds available would you rather use it to purchase a condo, rehab it and save money (I'm renting now) OR get a first time home buyers mortgage (5% down) and use the cash to do a SFR flip with borrowing 20%-40% hard money on the investment? 4.Are there investors that focus mainly on condos? I see freshly rehabbed condos on Zillow once in a while going for 130-150k in Henderson. ***GOAL is to make the biggest ROI (and solve my housing issue) either it comes on saving by not paying rent to somebody else or by flipping a SFR. Looking for advices from investors, considering the facts that I have a full time job (which I like and not planning to quit, like most newbie investors) and renting an apartment now. Thanks