Fort Worth, TX · Member since 2015 · 5 posts · 2 votes
Do you want access to multiple deeply discounted investment properties every month?
I have a large inventory of off-market properties, 30-40 houses/month. I work with clients who buy in all sorts of price ranges, and who invest in all sorts of ways. If you're looking for the perfect rental, owner finance, or fix & flip I would love to help you out!
I'm sorry you feel that way; however, I wasn't looking for an argument.
We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?
Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.
I am telling you I do not lock up retail listings, increase the price and then try to market something that was already retail as wholesale.
BTW...since Net Worth employs a practice of putting MLS listed properties under contract and then listing them as "wholesale deals", how exactly can you say you are offering "off-market deals"?
I'm sorry you feel that way; however, I wasn't looking for an argument.
We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?
Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.
I'm sorry you feel that way; however, I wasn't looking for an argument.
We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?
Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.
We have lots of potential TX (Dallas among the interested Cities) buyer on our buyer's contact.
We will love to have the list of all the truly OFF MARKET properties and market it to our buyer. This will be a co-wholesaling arrangement between your team and ours.
I'm sorry you feel that way; however, I wasn't looking for an argument.
We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?
Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.
I am telling you I do not lock up retail listings, increase the price and then try to market something that was already retail as wholesale.
I'm sorry you feel that way; however, I wasn't looking for an argument.
We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?
Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.
I am telling you I do not lock up retail listings, increase the price and then try to market something that was already retail as wholesale.
I will take two minutes to entertain your reply... we do not mark up listing prices. I will assume you don't quite understand what we do as a wholesale company. I image if we practiced as you implied we wouldn't be in business very long. I couldn't image us wholesaling too many that way. However, thank you for your replies.
I completely understand what you do. I have been presented multiple "deals" by your company that were just that...listed on the MLS and marked up by $500.
In response to the dialogue, I dont think it really matters as long as the return that the investor is being promised is fulfilled. Everyone needs to put food on the table. Some practices may be unethical and I am not condoning any such actions. However, if at the end of the day Heath is presenting me a property that I as an investor can flip or rent at the numbers he is advertising or suggesting (I understand he is is not advertising numbers here but im sure he has numbers to justify the claim of DEALS he has) then it doesnt matter.
@Heath Kornegay I would love to be in touch with you as I am interested in hearing about the deals and off market product line you have.
@Heath Kornegay - other than buying off the MLS, what other ways do you find "off market" deals? Do you guys market direct to sellers via direct mail, Google AdWords, or TV commercials? It might help others to understand how you guys find your deals.
My name is Luke Shivers and I am one of the managers in our Fort Worth Office.
Thank you for your replies as every opinion is valued here on BiggerPockets. To further touch on what Heath is saying....
We exhaust every avenue to try and find properties. We have clients that come to us that don't want to work with a traditional realtor. So, if we did not look for a house for them using all sources out there, we would be doing a disservice to them. We don't concern ourselves with what avenue we got the property from, we just focus on the numbers. Our most experienced buyers understand and appreciate us working the MLS for them, as it can be a very time consuming, and tedious process.
In reality, if the numbers make sense for your investment strategy, who really cares where it came from right?
Dev - We send direct marketing to sellers in multiple different ways, work the MLS, and work with investors to get properties. Again, we don't care where the deal comes from. We just focus on the numbers.
As far as our "deals" go, we do keep track of what we say our ARV is and what is actually sells for. In 2012 we were 102% correct on average, in 2013 we were 100% correct on average, and in 2014 we were 105% correct on average. We are still collecting data for 2015.
I am more than happy to sit down with anyone in person if their are any questions you may have.