All Forum Posts by: Ben G.

@Tom ScottI wouldn't cut bait and run.  I would do what I do and send them a follow up letter and an informal offer letter in the mail.  That way when you follow up 6 months from now to see if they have sold the house they will remember you.  Also, they may not be motivated now, but whose to say that sometime down the road they won't be?

@Sharad M.  I'm convinced they just don't understand what they are doing.   They can't possibly thing investors are that naive to what they are attempting.

@Gerald Harris  just plain old content marketing.  Writing blog posts on my site, and connecting and sharing useful information with those interested or working in real estate. I mostly share this information on the BP blog and/or my social media profiles G+, Facebook, Twitter

Nothing paid just yet, but I am considering it.

@Jennifer Williams  getting on the phone and talking to sellers is all you need for now.  As you start to scale your business and increase your leads, then you will want to do more filtering.  When I started I was focused on learning and finding good deals not scaling my business.  All I did was talk to sellers they will give you all the info you need.  Don't waste your time on time wasting activities. You'll spin your wheels if you focus on.  

The simple way to calculate 70% of ARV is take out a calculator. Type in the value of the house multiply that number by .07

Example: $123,000 (ARV) X .7 (70% in decimal form) = $86,100

Then subtract repair cost and subtract your wholesale fee. This is your MAO (Maximum Allowable Offer)

Hope this helps!

I think you should be fine with 3 drops in the time period that you specified.  I am getting a lot of return to senders from my leads and @Jerry Puckett says that it will only get better on my next list, as those RTS will be filtered out of my list. 

I don't see why you can't assign to someone who is purchasing through conventional financing.  The problem arrives when your seller has to close faster than your buyer can find financing.  Is this an issue?  If the seller is in a distressed situation you have to do what's best for the seller and find a buyer who can close fast.  If I were you I would look for a traditional cash buyer.  If it's a good deal you shouldn't have trouble finding one.  

This should help:

How To Find Cash Buyers

@Thomas Fortune  this link should help answer your question about Facebook advertising.  It really depends on your business model.  My score was 7.5 out of 10.  Please get back to me in the thread, I'd be curious to see what your score is.

Most motivated sellers with distressed situations are going to be somewhere under the median price for your farm area.  I mail my letters to the median price and under in Indianapolis and I've had some success.  Let me know if you have any questions, and I hope this helps! 

@Eric Gaudio  welcome to the community!  How many properties do you currently have under management?  If it's none that's okay!  Heck that might even be better.  I'll be in touch soon I hope.

@Kyle Cabral  closing costs are negotiable.  In all of my previous deals I have had my rehab buyer pay the closing costs.  They don't have a problem with this.  Why should they?  They are getting a great off market deal.