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Updated almost 2 years ago on . Most recent reply

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Jason Thompson
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Looking for help with Dispo...

Jason Thompson
Posted

I have been putting together quite a few contracts at 70 %arv but have had to cancel most of them because I can't seem to find a way to dispo them. I have contacted the majors like Keyglee and Newwestern with little to no luck. I have hired a VA to build a list off of Linkedin of real estate investors, I have contacted local agents to see if they have buyers and are willing to pay their 3% commission. Does anyone have any advice on increasing the assignment / jv rate on these and improving the conversion on my deals?

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Joe S.
#3 Wholesaling Contributor
  • Investor
  • San Antonio
3,132
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Joe S.
#3 Wholesaling Contributor
  • Investor
  • San Antonio
Replied
Quote from @Jason Thompson:

I have been putting together quite a few contracts at 70 %arv but have had to cancel most of them because I can't seem to find a way to dispo them. I have contacted the majors like Keyglee and Newwestern with little to no luck. I have hired a VA to build a list off of Linkedin of real estate investors, I have contacted local agents to see if they have buyers and are willing to pay their 3% commission. Does anyone have any advice on increasing the assignment / jv rate on these and improving the conversion on my deals?

One of the problems I see is that wholeseller's cherry pick comps in order to justify their ARV. There's a good probability you are not getting your contracts at 70% (conservative) ARV minus repairs.
I get bombarded with Wholesellers trying to bring bad deals to me on a weekly/ daily basis. They have this overly inflated ARV and a lot of them don’t even know the area.

  • Joe S.
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