Your Source for Real Estate and Housing Options in Richmond
Rely on Matthew Carlton Properties, Inc. when you want to purchase a great home to live in without the need for a huge down payment or perfect credit. As a group of experienced investors, bird dogs, and wholesalers, we find and acquire the best deals in real estate in our area and make them available for commercial and residential purposes. We offer rent-to-own properties in Richmond, VA and the Tri-State Area.
You can also turn to us when you need guidance in real estate investment as well as to select from a wide range of residential and commercial properties available. Unlike other companies, we go the extra mile to understand your needs. We take a keen interest in assessing each house to make sure that you get the best deal possible. You don’t have to settle for anything less!
Providing a Fast, Friendly, and Stress-Free Way to Sell Your Property
Put Cash in Your Pockets Today
No matter the reason for wanting to put your home up for sale, we have flexible solutions for your individual situation. Selling your house to us is quick and easy because we have cash and don’t need to wait on a bank’s approval for financing.
We understand that selling a house can be stressful, especially when you need money as soon as possible. Throughout the process, you can expect us to treat you with dignity and respect. We leave it up to you to pick a date of your choice for closing the deal.
We Buy Houses in Any Condition Nationwide and From People Who:
Let us know how we can help you. We promise not to charge you with fees or commissions. Call us today!
Are you trying to sell your house fast?
If so, then you have come to the right place. On this simple website, you can download our FREE, special report showing you how to sell your house within 10 days by completing the short form on the right. You will immediately be taken to your free report where you will learn the secrets to getting a solid, all-cash offer on your property within 24 hours.
How to Buy Properties from a Wholesaler
There are so many newbie wholesalers in the market who want to sell a house in that a lot of “deals” are just not deals at all. Some are just plain dangerous to take on. The current wave of multi-level marketing is “educating” wholesalers and setting them up for failure. I’ve been strung along by some pretending to be a “friend” of the seller, and unethical middlemen who have never declared to the seller that they, the wholesaler, will not be buying the property. I’ve had wholesalers lie to me to complete a deal. I’ve almost been to court because of bad wholesalers selling properties unethically.
Most wholesalers that I work with are very ethical and provide a very valuable service. They are an indispensable part of my real estate investing business, and make it so that I don’t have to go out and hunt real estate as much as I used to.
Disclose to their seller that they are seeking to wholesale the property and/or they are cash buyers who can close on the property if a buyer is not found on time for the target investments property. A good wholesaler will disclose to the seller what they are doing so that there are no tricks, no cons, and no misunderstandings with the house they are wholesaling.
Your main job in buying from a wholesaler is to be able to evaluate each investments property to make sure it is profitable for YOU.
Don’t allow the fear that a wholesaler may be unethical deter you from buying wholesale deals. Think about it: when you are dealing directly with a motivated homeowner, do you know if they are ethical? Of course not. And a lot aren’t. I’ve had sellers tell me they owe $50K on a house, and when I pull the title report, there’s $150K in liens.
When you hunt real estate bargains, look at a wholesaler just like any other home seller in the field; no better, no worse. You don’t try to buy a house from a homeowner and ask them to tell you whether it’s a good deal or not. It’s like asking a car salesman if you should buy a new car. Their answer is “Of Course!” You expect them to advertise the best points, and then you will make the decision, based on your own due diligence, if it makes sense or not. Approach buying a wholesale house in the same way.
When you receive a wholesaler’s ad for a property, your first job is to decide whether to pursue it further or not. Quickly weed out those that do not meet your investment criteria or that of your investor group. If you are not interested in the deal at this point, there is no need to verify any of the info.
If you want single family rehabs and the ad is for an apartment building, you can quickly rule that property out. But, if the property does meet your criteria, then verify all the information. Use your own investment formulas, and create the offer that makes financial sense for your investing business.
When buying from a wholesaler, find the buying price that works for you. Don’t worry about the size of the assignment fee that the wholesaler is making. As long as the deal works for your numbers, and you close on the deal, the wholesaler will be eager to bring you business again and help make you a little wealthier.
Sometimes it may seem like the wholesaler makes a lot of money for taking none of the financial risk and without doing anything to the house (usually not even taking title). But, you have to take into consideration the marketing effort that goes into attracting the motivated sellers, and the time requirement to sift through all of the deals, inspect all the houses, and negotiate all the deals, just to find the few that provide significant profit for both parties.
“I’ve purchased quite a few wholesale deals in my career. I’ve never cared what the wholesaler made because I negotiated a deal that worked for me and my business. Regardless of what the wholesaler made, I was happy with my profits. I didn’t care if he made hardly any profit, or if he made a huge profit. It was irrelevant to my calculations. All that mattered was that 1) I was getting a good deal, and 2) that it fit my property investments goals.”
If you can purchase at a price that makes financial sense, the wholesaler’s profit margin does not matter to you. If it is large, that just means that he or she did a good job locating and negotiating a great deal which made it possible for you to have this opportunity to make money from the deal. But, if you balk at the wholesale assignment fee or try to nickel and dime them down a few more grand, you may very well convince that wholesaler not to do business with you again. I’ve already scratched a couple of investors off my list just because they tried to change the deal at the closing table because they didn’t like that I was making $4-5K on the property; as much money from the deal as Realtors would have for listing it.
If you are bringing a lender into the picture and having to get financing, you may have to work with the wholesaler to structure the deal to get passed some lending requirements. There are creative ways to avoid seasoning issues and assignment fees on the HUD1, and you will need to work with the wholesaler and the seller to get it done. Cash is king in this business, but a good wholesaler will work with you if you have your t’s crossed and i’s dotted to have your financing in place on any real estate deal.
The real estate scene is really looking up in Virginia now than what it was for the last couple of years! This has made both the selling and buying of a house or a commercial property absolutely easy. So do you have a home that throws signals in your brain of “sell house quick”? If yes, then today you’ve got expert real estate brands to take care of the same and give you the best deal that you could have asked for.
Today, Virginia has seen the emergence of esteemed real estate brands that provides mutually beneficial housing solutions that works with the real estate sellers at various situations pay cash and also close on a date that is preferable for the seller. These companies come with the motto of “we buy properties” anywhere in Virginia that is available making the seller benefit to a greater extent.
When you join hands with such a real estate company in Virginia, expect the very best of housing solutions that exemplify the phrase “fast, friendly, and flexible”, customized to the real estate seller’s requirements. You are able to sell your property without encountering any of the repair hassles. The company also helps you with services like foreclosure properties and short sale properties. Furthermore, these companies are expert in all the necessary legal paperwork that needs to be done and are able to take in any house that sellers want to sell in its “as-is” state.