All Forum Posts by: Dustin P.

It's just a numbers game. Make enough offers and you'll get a deal. If you made 200 offers on properties that need fixing up I think it would be unreasonable to not get one under contract (As long as your expectations for your market are not unrealistic)

It's taking me upwards of 30 offers to get an accepted offer in Phoenix right now. But I am getting them

Have faith in the process, plenty of people are out there flipping in your market every day

Very rough rule of thumb is $30/square foot for a cosmetic remodel. This is demo, paint, flooring, kitchens bathrooms, fixtures. Not including roof, HVAC, windows, replacing plumbing, new panel/rewiring, landscaping, major cleanout or any major configuration changes

Also it's going to vary depending on if you are paying a GC to run the job or subbing everything out yourself

Again, just a rough rule of thumb for your standard, 400-450k ARV or so cosmetic rehab

Lack of knowledge, lack of tenacity, false expectations, too many gurus, saturated markets, etc.

 You need to hire a project manager or manage the project yourself then

Welcome to BP @Jason Strauch !

You are just going to a more established wholesaler with a large buyer's list, that's all. They are assigning your deal

I would not pay the money for the course personally. The entire concept is literally just building a buyer's list so you can re-assign another person's deal

Ask for a few addresses of previous houses they've purchased and ask for their LLC name. Look up the LLC to see if it currently owns any properties

Not every flipper buys in an LLC but most do

Of course you can run a successful wholesaling business in today's market! The only thing that's changed is that your offer prices likely need to be lower to compensate for your market's downturn (if any) and the extra risk

Make offers, follow up on offers, call buyers, follow up with buyers on deals

That's all you gotta do

If you make 10 offers a day for 180 days straight and you haven't closed on a deal yet then something is wrong with your process on doing the above

For me I'd go Tempe, Scottsdale, Chandler, Gilbert, Mesa, Phoenix, Peoria, Surprise, Glendale give or take

ARV x (Whatever % you run in your current market conditions where buyers are actually buying) - repairs - fee = offer

It may be 60% in one market, 70% in another market and 80% still in another market so there's no one size fits all %. Even in each individual market the % may vary depending on amount of rehab required, desirability of the area, supply in the area, any ANDs such as age restricted community, solar lease, post possession, etc.