Gator Will Cunningham

09/04/2023

Let's Connect! Book a time to make a connection with me

Hi, I'm really excited to talk to you soon - please do me a favor, I shot a very short intro video for you. I've found that it really helps my new connections find solutions faster. Please watch it here: Watch Here

06/13/2023

Quick update: two recent deals funded with partners: $20K on a rehab for 30 days and $30K 2nd for purchase of a fix-n-flip.

05/21/2023

Contact me for help getting your deal across the finish line - via messenger or email at [email protected]

05/21/2023

EMD - Earnest Money Deposit

What is it?
Why does it exist?

EMD is the upfront deposit a buyer (or wholesaler) needs to put into escrow. It's an amount of money that shows "good faith" to the seller.

It's basically your skin-in-the-game and allows your seller to take you seriously. How seriously will you be taken if you don't put any or any real amount in?

Also, to make the contract legal, an amount of monetary compensation must be put up. That's part of the "adequate consideration" part to make the contract legally binding.

However, the EMD does not necessarily need to come from your pocket. Consider bringing in a partner who provides this, allowing you to focus on what you are good at: finding and negotiating a deal.

05/12/2023

05/12/2023

Real Estate Wholesale must have tools:

1) Propstream – or other data aggregator
2) REISkip – Skip tracing for property owners
3) Dialpros - $6/hr coldcalling done for you
4) Car and Cell phone – driving for properties
5) Carrot – website done for you
6) InvestorFuse – CRM (client relationship manager)
7) Twnsqr.com TownSquare – cash buyer only platform for dispo
8) Prime Corporate Services - Corporation (C or LLC)

*Bonus secret! If you would like to get your feet wet with some of these before a full commitment, try Fiverr.com. There are many experienced people who have access to some of these services that will provide you with the benefits without an outright purchase. For instance, you can pay a one time fee for a search and data using Propstream, then get that list skiptraced - all on Fiverr for cheap.

05/06/2023

When buying a multifamily property, here is what you must do:

1) Review the leases and tenant estoppels (estoppel is a confirmation by the tenant of the lease agreement to ensure they are not fake)
2) Hire a home inspector
3) Video camera the sewer lines
4) Review the profit and loss statement
5) Verify with the local authority that all units are legal
6) Talk to the tenants and build rapport

05/06/2023

Multifamily Questions to Ask:
Why are you selling? You need to understand their motivation.
What are you doing with the money? This will help you structure your offer.
How long have you owned the property? This will help you understand their motivation.
What is the story of the property? This will help you understand if they are emotionally attached the property.
What debt is on the property? This will help you structure your offer.
Bonus: Do you have any other assets? Maybe you can become a repeat customer

05/03/2023

Need help finding a contractor?

Try this:

>Pull the County list of licensed General Contractors, then cold call them all. Ask if they work with investors and work with the flip model.

>Drive the area and find the homes being worked on, then approach the crew and find out who the General Contractor is. That way you also can see how their crews work.

>Ask other investors who they use. This is a great way to find out who is good and who is not.

05/02/2023

Mistakes to Avoid when fix n flips:
>Location – backs up to commercial center, busy streets/freeway, and train tracks. No ugly neighbors.
>Bad bones – ceiling height too low, awkward layout, unchangeable undesirable features
>Put too much into the property – over improving the property compared to the neighborhood. Neighborhoods have certain buyers. Don’t build for a buyer that will not be buying in that neighborhood.
>Buy it right – the most controllable factor is buying the property right. Spending too much upfront will not allow you to have enough room and cushion if things go sideways, which they will.