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Wholesaling Real Estate

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No Fluff Real Estate

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Real Estate Learning Community

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6 contributions to Real Estate Learning Community
Bird dogging
Can anyone explain what โ€˜bird doggingโ€™ is, please? Thanks in advance!!
3 likes โ€ข Jun 26
@Avrom Smith Thank you for your response!
1 like โ€ข Jul 19
@Tim Dixon Thanks so much, Tim!!
Wholesaling
Hello, I am a new wholesaler and I currently work a 9-5. I have a limited amount of time on my breaks to make calls and engage with sellers/agents. Anyone have success with communicating via text or making offers via text messaging? Thanks in advance!
0 likes โ€ข Mar 31
@Myles Berrio Thanks so much for your response!!
0 likes โ€ข Mar 31
@Myles Berrio Sounds great! I would love to replace my 9-5 as soon as possible!
Finally made a call!
I've been eyeballing a house i pass everyday that is for sale by owner. Finally got the nerve up to call after a month (IK smh). Then it goes straight to voicemail AND its full๐Ÿ™„. Luckily there is an email so ๐Ÿคž๐Ÿพ that they reply. I'll call back tomorrow!
0 likes โ€ข Dec '24
Congratulations on @Kelsey Brantley!! I need to take action just like you. Just working on getting the courage to make the calls! Lol Best wishes with everything!
๐Ÿšจ Deal Breakdown ๐Ÿ”ฅ๐ŸŽ‰
This is the power of collaboration over competition! Just want to share some updates with you all! I know this group is not only nationwide but apparently global, which I am incredibly humbled by and grateful for. This deal is in the upstate of South Carolina just 30 minutes from Greenville, S.C. I am buying this property for $140,000 cash. Itโ€™s a 3 bed 2 bath 2 car garage built in 2000 in great condition. Added some interior photos below. I will be paying $30,000 to Jonathan Miller as we worked on this deal together and I wanted to see whatโ€™s the most I can pay him as an assignment, because who doesnโ€™t want to see others win. $140,000 + $30,000 + seller & my closing costs = $175K roughly I am going to spent about $6,500 - $8,000 on strong โ€œupgradesโ€ to the property such as, all new LVP consistent throughout the entire home, white interior paint throughout entire house, upgrade all cabinet hardware, fans and light fixtures to a more modern black aesthetic, paint all cabinets (kitchen & bathroom) white, pressure wash exterior, fix a few loose bricks on the front porch and refurbish the back deck. Letโ€™s call it total $185K when you include paying my private lender for a month or two funding it all and things like utilities & insurance. The house is worth in its current value $250K and after itโ€™s simple upgrades will appraise for $255K (conservative comp especially being on 1 acre and all other lots have less land and 1 $255K with less land and less square footage) I will then do a rate and term refinance up to $180K, which is 70.58% of ARV but any DSCR lender will give me up to 80% LTV if I needed it. 2 reasons I only want to go up to 70% $180K is so that A.) I meet my 1:1 ratio on the debt service. (DSCR lenders want to know the the property can rent or cover 100% of the total monthly mortgage of โ€œdebtโ€ hence DSCR (debt service coverage ratio)). B.) If I only borrow up to 70% of the overall value, the few thousand in fees can be financed within the loan, allowing me to close on my refinance with zero out of pocket.
๐Ÿšจ Deal Breakdown ๐Ÿ”ฅ๐ŸŽ‰
0 likes โ€ข Dec '24
Congrats on this amazing deal! ๐Ÿ”ฅ
๐Ÿ”ฅ Latest Full Gut Underway!
Who else is out here flipping homes at a heavy level?! This is in downtown Greenville S.C. Bought for $230K Rehab $110K is the goal Listing at $575K Bought it as a 2 bed 1 bath but converting it into a 4 bed 2 bath in a desirable area walking distance to downtown and many other shops nearby. First step was gutting everything โœ… Next step is drawing up new floor plan โœ… Current step ordered all wood material to reframe the entire house and work inside out. Afterwards, running all electrical, plumbing, AC, new windows, new floors and then all of the pretty stuff bathrooms, kitchen, light fixtures, landscaping, new roof etc
๐Ÿ”ฅ Latest Full Gut Underway!
0 likes โ€ข Dec '24
Iโ€™m not out there flipping homes at all yet but the goal is to start in 2025!!
0 likes โ€ข Dec '24
@Myles Berrio Awesome! Thanks so much!!!
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@jasmeen-persons-6055
Eager to learn all I can about Real Estate Investing! I would love to contribute in anyway I can as well! Love from California ๐Ÿ˜Š

Active 31d ago
Joined Nov 15, 2024
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