All Forum Posts by: Dustin P.

Not seeing a downturn in Phoenix. I'm doing about 10 a month just me and my team as a whole doing 25-30 a month. All MLS/pocket listings, no marketing costs

Buyers seem to be adjusting to the higher % and just seem content on making less on deals, or they are shifting focus to higher price deals. I had never done a deal above $600k before this year and now I've done a $699k, a $950k, a $1.03M etc

Any day now

Welcome to BP Jonathan!

Great work!

 That is true I should never say never. But moreso you are unlikely to create a sustainable business of 10+ deals a month if you run your rehab numbers with a GC markup included in this market.

I think one thing to realize with all these wholesaler gurus / mentors is that their goal is not to create a bunch of effective wholesalers. Why would they want to create more competition for themselves? These guys make a lot more from selling these programs / trainings than they do from actually wholesaling

Do with that what you want but personally I wouldn't pay for any of this stuff

I've done a lot of mobiles on their own lot with an APN but none on leased land. There's a market for everything though you just need to look up cash buyers who have purchased mobiles on leased land and boom, those are your buyers

If it has comps you can wholesale it

If you're assigning the deal he's going to see the assignment fee on the settlement statement

If you don't want the buyer to know how much you're making for some reason (It should not matter at all and a real buyer will never question you after they already agreed to the price) then you can double close the deal

Look them up on the tax records, put their LLC into your state's corporation commission to get their names, and skiptrace them and call them. That's the best way because they are actual buyers

All the other stuff is great but you will get a ton of tire kickers who want to buy but aren't real buyers (Along with people that could become real buyers) so it's just not as effective or time efficient

Craigslist/Facebook you're just going to get a lot of wholesalers that want to daisy chain your deal. This may be necessary at the start as you build your list but the goal is to have the actual end buyers

A hard money lender should be able to give you a POF letter. I have like 7 of them and I've never showed proof of closing funds (I have them but have just never been asked)

Any listing agent will want to see a proof of funds before you make an offer