All Forum Posts by: Jeffrey Hotz

Which Hyde Park?

Even in hot markets there are deals.  I went on 5 appointments meeting with off market seller leads this week in Columbus and ended up with 1 under contract, 2 in the works short term HOT followup (negotiating), 1 that will be long term followup and 1 that wanted market price so sending to cold drip campaign.  Theres deals out there, just have to find them.

@Rob Lawrence  unless youre in the multi millions, price sells a house not broker/agent commission.  I've sold some crappy as-is property with only a couple hundred dollars gross commission because that was the going commission rate In the area.

Never pay more than than market is asking for.

@Mike Koprowski, Concerning alleged "We Buy Ugly Houses" franchise:

http://www.businesswire.com/news/home/201706260061...

Ernest Chamblee that's awesome as my parents were looking into Rocky Mountain! I fear they chose poorly as the Rocky Mountain in their area is going strong and they closed down their most recent franchise. Anyway, I've been with Homevestors around 5 years now and have operated in multiple markets.

Oh, I should add that I obviously consider myself an investor first so business model is structured as such.

I'm both a broker and full time investor as a Franchisee of HomeVestors. I'm going to speak specifically about evaluating opportunities where someone reaches out to you to buy their home through your advertising. Often it's really easy for investors to go into an appointment and present myriad options for the seller from cash offer to wholesale to listing. Obviously the margin quickly diminishes and often you may have left tens of thousands on the table by presenting a listing. Generally just figured I'd comment and advise against getting antsy and killing a potential larger margin opportunity. I think my oldest lead where they said they were going to list was 3 years ago, so you simply can't trust what a seller is telling you. Unfortunately you may lose some listings, but I'd rather lose some 2/3k commissions checks for a 30/40k+ closing wire.

Larry Lampkin were not miracle workers! We may have more resources and than most, but If the price isn't right than there's nothing anyone can do with it. I used to be a franchise in Chicago, where's the house?

@Paolo Ruggieri if just lead generation is what your looking then I don't think HomeVestors is for you.  Theres simply so much more provided than just a lead generation machine, and really no way to do an apples to apples comparison to a google pay-per-click model.

Originally posted by @Khemaro N.:

I'm currently looking to buy and hold rent in the Columbus Oh area. I'm networking with a couple realtors there buts tough being so far away. I like to get eyes on the property before I buy.

 @khemaro

Here in Columbus it is going to be tough to locate properties on market that aren't heavily inflated. A significant percentage of my business model is to throw as-is properties on MLS for cash purchase. Maybe look for other avenues to purchase like wholesale or targeted marketing? Not a big part of my business but I do wholesale properties that don't work for me for whatever reason.