All Forum Posts by: Bentley Hazelwood

I purchased. It can do a lot. It has a lot of features and integration capabilities. I think the ChatGBT/ Reba integration will be useful (once I successfully train it). However, it is not too user friendly, there is a learning curve that will take time becoming fluent in the workflow (hence the 127 training categories). 

There are several 3rd party services built within the software that are required (not expensive but will cost). You'll also need a business w/ EIN# and a website that matches the business name (for text campaign compliance purposes). 

The Spintax feature is also a cool and necessary feature but I have seen this executed much better in other softwares. I like it because it does appear to be a one stop shop for what I use it for, but its gonna take some time to adjust to the workflow. 

I used LaunchControl a few years ago which was really good honestly but at the time they haven't developed a mobile app yet, which is what i needed (they now have a movile app.) LaunchControl was also $300 - $500/m I believe which is a much pricier option but using it was a breeze... REIREPLY on the other hand, not so much. I love the price, the built in features, the all in one concept and I will continue to explore it. Honestly, I just was not prepared to ingest 127 pieces of content just to send texts lol (Kinda overkill in my opinion). I want to focus on deals as much as possible and I'm hoping the time I put into setting up and automating my REIREPLY will help me do that.

I hope this helps...

Use a larger radius to find sufficient comps. or try finding the value as it were a commercial property. Maybe use the average of both to justify a value.

Use the formula: Value = NOI / Cap Rate

ex: 

Market rent [not AirBnB rates] = $1500/m x 2 units  = $3000 [-minus] Operating Expenses = $300/m 

NOI: $2700 x 12 month = $32,400 [/divided by] Cap Rate: 10% [depends on area] 

= Value: $324,000 

Its best to have an attorney review the contract, especially if you want to add contingencies (Which I would recommend). If not, it's probably not a good idea to give a cash offer before inspection or without having an estimated rehab cost. 

Just note that wholesalers typically acquire off market properties at a deep discounts because the property is often in distress (financial or physical) sometimes both. Most wholesale deals will NOT pass inspection and needs repair. Thats why most cash buyers tend to focus on rehab/repair costs and the after-repair value (ARV). These factors strongly influence whether its a good deal or not. All depends on your strategy!

So far as closing the deal, you can do a title search by contacting the County clerks office where the property is location (its all public information). You can also research the escrow and title company beforehand if the wholesaler provides you that info. Good luck!

What are your goals/ buying criteria?

What are your requirements for new residential construction on vacant lots?