All Forum Posts by: Duane Alexander

Instead of the typical approach of finding a fixed up home to determine your ARV then subtracting repairs and your fee to formulate your MAO try this approach. Find the as is properties that were bought with cash by an LLC in similar condition to your subject property's current condition. If a property was bought for 20k cash, as is, by an LLC that tells you that you can probably wholesale your subject property to an investor for a comparable price. This is your as is comp. You probably need to get the property for a little less than this which will be your profit/wholesale fee. Do this and you just calculated your offer price without calculating ARV or repairs. I like this approach a little better because it's easier, faster, and you don't spend time trying to compute repairs or ARV when you don't know what the heck your buyer is going to do with the property in the first place. It also works in cases like yours where's there's not a renovated home to use to determine ARV.

I don't understand wholesalers that market on market deals. Why would I by an on market deal from you when I can call the agent or skip trace the owner myself and negotiate a better deal? Good thing for you, OP, is that there are some people other than myself that would gladly take your deal if it works with their numbers.

following this. @Christen G. please update this. I'm interested to see what happens and how you handle this situation just in case I run into something similar in the future.

why would you want to leave the assignment fee blank? If you're trying to hide your assignment fee from your buyer then you probably want to do a double close.

Read everything you can about marketing, analyzing deals, and salesmanship.

pro stream makes this 100x easier. Youtube is your friend.

Try resimpli. It's a real estate investor focus CRM. It includes a caller that will track all incoming and outgoing calls and records everything. Look it up on YouTube.

Hey Curt can you speak on why off market isn’t it for multi family?

Greene over emphasizes the importance of finding a rock star team to begin with in all of his books.What’s the point of interviewing all of these people when you don’t have a deal in sight? 95% of all new real estate investors never secure their first deal. You think that “rock star” contractor or property manager really gives a heck about you if you don’t have anything under contract? Hard money lenders don’t even want to talk to you until you have a deal you’re considering. Real estate agents will probably work with you but if you’re relying on a realtor to find you a deal in this market then you’re in for a rude awakening. Focus the vast majority of your energy on finding the deal, it’s the hardest part of this business, and something most people really struggle with. Once you figure that out, everything else falls in place.

You're not seeing properties within your criteria here in Atlanta because you are looking on market. You want to look off market. You will have the same problem in most other markets if you are trying to invest by scoring properties off of zillow or the mls. If you invest long distance it will be even harder because you won't know the area as well and managing rehabs from long distance is not easy whatsoever. However if you're interested, there's a biggerpockets book on long distance investing that you may want to check out. IMO it paints an extra rosey and unrealistic picture around how easy it is to invest long distance but you may feel differently.