All Forum Posts by: Darren Nichols

This weekend I did my first bandit sign campaign! I went to pick them up on sunday evening and after puttting out 25 of them 9 were gone. I was pretty upset and so far I have got one call. What was weird was that some of the signs were taken off the posts and some of the posts and signs were gone. I cant seem to figure out if it were the different cities or business that took the signs or just people being A holes. I sure am not expecting to get amazing results right away but I wasn't expecting to lose that many signs. Any thoughts, comments, or advice?

@Stephen Menches I haven't looked at the property yet I was just returning the guys phone call and asked him all these questions. I have never made a wholesale deal and I would have a clue on how to do a lease option. I got the same number as a potential offer I just dont know if that is a good offer or not considering he still owes 51k on the property

thanks for the help!

I just got off the phone with a Seller and asked him basic questions about the property. The property is a 2 bed 1 bath and the value is 71k and he said the only things that need repair is new carpet and linoluem, the property is 960 sq ft. He said the debt on the property is 51k and they need to sell by the end of May as he has already moved to another state for a new job but wife is staying behind until property sells. I did the 70% ARV but i am not sure if I should just say about $7/sq ft in repairs and not sure what kind of offer to make since the debt is 51k. I told him I would get back to him soon with an offer. Can anyone provide some insight/advice PLEASE! Also comps in the area are between 70k and 74k

I just got off the phone with a Seller and asked him basic questions about the property. The property is a 2 bed 1 bath and the value is 71k and he said the only things that need repair is new carpet and linoluem, the property is 960 sq ft. He said the debt on the property is 51k and they need to sell by the end of May as he has already moved to another state for a new job but wife is staying behind until property sells. I did the 70% ARV but i am not sure if I should just say about $7/sq ft in repairs and not sure what kind of offer to make since the debt is 51k. I told him I would get back to him soon with an offer. Can anyone provide some insight/advice PLEASE! Also comps in the area are between 70k and 74k

@Chris K. thanks that is what I needed to know

So a quick update I got some comps from a agent friend of mine and as I said earlier the value of the home is 140k. This particular home is a manufactured/modular home but its not a mobile. There are no comps in the area for this type of home but I got comps for other somewhat similar properties and the price for most of them average around 140k-146k. Can I still use the comps as a negotiating tool or should I just not even mention them?

@Dave Savage Thanks that really helps a lot. So I was looking at the property on zillow and obviously I don't know enough about it but is there a chance the property doesn't need any major repairs and if so should I just pass on the property or still try and hit that 75-80k range?

Thanks Dave that really helps a lot. So I was looking at the property on zillow and obviously I don't know enough about it but is there a chance the property doesn't need any major repairs and if so should I just pass on the property or still try and hit that 75-80k range?

First off write your letter on yellow paper in red ink. Take a regular white printer paper and I place the white paper over top the yellow and put them both up to a window with light shinning in. At this point you are simply tracing onto the white paper what you can see from the yellow paper. When this is done place the white paper on your scanner and scan it onto your computer then place all of your yellow papers in the printer feed and print out your copies. Remember you will have to paly with it a few times to get it exactly how you want it. Remember to make sure your color option on your printer is turned on. The reason you cant put your yellow paper on the scanner is because then you will end up with multpile different lines on the yellow paper you print out. If this is confusing message me again and I will try and explain it better. Good Luck