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INVSTR

24 members β€’ $49/month

13 contributions to INVSTR
Novations
Hi Everyone! I'm planning to do a novation with a wholesaler with me listing the property as the realtor. The problem is that both the wholesaler and I have never done a novation. I asked my broker's advice (no novation experience) and Ben Wahli (a broker that did one novation that didn't sell). They said that it's fine to have the wholesaler sign the listing agreement. However, when I went to chat GPT, and inputed all the information - PA, texts, what my broker told me - it came back and told me that was not the correct way to go about it. Has any had any experience with novations? Here is the link to my Chat GPT thread if anyone wants to reference it: https://chatgpt.com/share/69bea2e5-5cd0-8000-be63-ea74087888b8
Off Market Deal!
1194 Braeburn Dr, New Haven, IN 46774 3 bed 1 Ba 1300 Sqft .19 acres Wholesaler wants $149k, got it under contract for $120k. 3% BAC to me please!πŸ™ https://www.zillow.com/homedetails/1194-Braeburn-Dr-New-Haven-IN-46774/73131788_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare Videos: https://photos.app.goo.gl/6cNpQ36ubaHnJGg68 Text or call me at 347-966-3941.
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Sales…
What part of the sales process feels most uncomfortable to you right now?
1 like β€’ 27d
Right now, what feels most uncomfortable in the sales process is defending pricing in an asset class I have limited experience in. I have the opportunity to sell an off-market 61-unit PUD and potentially earn a large amount in commission. The seller is asking what he believes is fair market value β€” roughly a 10–15% margin on total construction costs. He’s experienced, and I trust that he knows his numbers. Initial feedback - a couple of brokers have said it’s overpriced. The uncomfortable part is being able to clearly articulate to investors why the pricing makes sense and handle pushback with confidence in a space I'm still learning - commercial residential development. Honestly, I feel like a fish out of water. Moving into new knowledge territory is always uncomfortable. I know it’s how you level up. But yeah β€” it still sucks in the moment
Gap funding
What docs are yall using when getting Gap funding? Looking to use gap funding for new builds. thanks in advance!
1 like β€’ 28d
I use family and friends and give them a good return. I have a friend that is looking to start a fund that will pay for the down-payments of fix and flips with a target ROI to investors of 22%.
1 like β€’ 28d
Also, I would be open to being a gap funder possibly this year.
Add me to your distro!
Hello, everyone! I'm a buyer and realtor with connections to end buyers. Feel free to add me to your distro list for NE IN, TX and NC. 347-966-3941 and [email protected]
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1-10 of 13
Honey Fender
3
30points to level up
@honey-fender-9077
2nd-gen Realtor and real estate investor 🏑 Army vet πŸ‡ΊπŸ‡Έ mom of two princesses πŸ‘‘πŸ‘‘ future personality psychologist 🧠

Active 3h ago
Joined Jan 30, 2026
ENTP
Fort Wayne, Indiana
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