All Forum Posts by: Vincent Crane

Hey everyone. This isn't really a question but I've built a pretty large driving for dollars list here in Atlanta and am currently sending out direct mail and getting deals under contract. If any of you want to be added to my buyers list, or are looking for any particular types of deals, send me a message or comment on this post. I'm looking to network with more people here, and also provide deals for other investors. Thanks!

865 White St SW, Atlanta, GA, 30310. Duplex for sale in Atlanta, both sides rented for $1800 gross rent. Rents haven't been increased in 2 years. The Duplex was built in 2004 and is near the new Atlanta Falcons Stadium, and also walking distance to the new Atlanta West End Beltline Trail. This area has appreciated 16% over the last 12 months and continues to be one of the hottest areas in the city. It's a great buy and hold for an investor with a 10-15 year time horizon who wants passive cashflow of about $300 month and also strong chance at appreciation over that timeframe. It's a wholesale deal so cash buyers only. Perfect opportunity for you small-multi family investors out there.

I'm wholesaling a property and there are some potential buyers who don't have all cash. I'm wondering, can I sell this deal to someone with traditional financing or can they use hard money, that would then pay me my assignment fee, and also then refinance out to a traditional loan after? Or does every wholesale deal need to be done with a cash buyer?

I know I have to report wholesaling income on my tax return. My question is, how? And should I just have a real estate focused accountant do my taxes for me? I spent $5,000 on mail, and made $13,000, so an $8,000 profit. I'm trying to figure out how to put that on my taxes.

I'm sending out direct mail, and sometimes I find a deal that doesn't make sense as a rehab, but I think someone would buy and owner occupy it off the MLS. Can I basically tell an agent, hey if I give you this deal, and you sell it, give me 25% of your commission? And do that on future deals too if we both agree to it?

It's easier to use but it's not working as well. It freezes a lot. I have a feeling a lot of other users will give the same feedback. 

How long did it take from when you did your first deal, until the day when you no longer had to work for money? What type of deals did you do, and how'd you start? Interested to see how many investors on BP have reached financial independence so far.

What happened? Where did the youtube videos go. When they're in the "audio only" format, they tend to freeze more and then when it finally plays again it starts from the beginning.

I will definitely be there

In the year 2018 I was able to use capital I accumulated from wholesaling over a dozen properties to buy a cashflowing rental with seller financing, to build significant equity