Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
I want to give Joshua and Brandon a HUGE shout out and thank them for asking me to do a Podcast.... Podcast #77
It was a ton of fun and they made it so easy that the conversation flowed, no pun intended. Although when I listened to the Podcast I was busting up with so much laughter I thought that I was going to have an uncontrollable bodily function mishap... Fortunately I made it through.
Investor · Santa Rosa, CA · Member since 2012 · 402 posts · 96 votes
12y
I'm fascinated with this idea of 'wholetaling' or whatever people want to call it. I know your formula by doing a little research but my question is how do you determine 'as is' value or can we modify the formula based on ARV? Can we buy at a rehabber's price (70% ARV minus repairs)? Or do we still need to negotiate a wholesaler's price?
And finally, are there criteria that spoil this strategy like certain price points or the amount of repairs needed? I mean, it seems like we are servicing the sector of investors who built their business model around REOs on the MLS. Those properties were getting a dozen or more cash offers so why not 'wholetale' is what I want to know.
Investor · Hattiesburg, MS · Member since 2014 · 280 posts · 98 votes
12y
@Michael Quarles best way I can describe what you talked about is marketing, negotiating, and wholesaling on steroids! Wow it motivated me to step up my game...
Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
12y
Great podcast. I would have thought you taught negotiations at Harvard Business School if I didn't know better. Thanks for sharing your experience with us.
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
@Michael Quarles we had an awesome time as well, and people seem to really love this show. Definitely looking forward to having you on again soon to chat about Marketing. Also - the idea of a round table with Dev, you, and Jerry would be awesome. We'll have to work on that in the coming months and figure out the best way to make that happen!