All Forum Posts by: Jesse LeBlanc

Did you know that you can turn your wholesale assignment fee into a note, with interest?

Please SHARE if this can help out other wholesalers or your friends as well. 🙏

If you don’t need the quick capital, if you can think long term gratification vs INSTANT GRATIFICATION, you can actually get a larger assignment fee AND make interest on top too.

If it’s to a flipper, you can create the note, charge interest or don’t charge interest, but charge a higher assignment fee and collect more on the backend. You’ll take 2nd position and everything is recorded. Months later when they sell, the closing attorney reaches out to you for payoff amount.

What’s in it for the investor?? Less out of pocket up front, they later let their profit pay for your assignment vs being on the front end. If it’s a buy and hold investor, this is a form of seller finance, a very small monthly payment (which tenants pay for) and you as the wholesaler eventually get your full amount plus interest over the years (or whenever you have the note balloon if you didn’t structure it due in a shorter term).

If you're interested in an Online KPI Dashboard for wholesalers, check out Wholesalers KPI.  We also offer Transactional Funding, look up Wholesalers Transactional Funding.  I'm private, but now starting to share with others.  I'm focused on trying to get my wife out of her W2 and let her take over our Transactional Funding so that I can focus more on our buy and holds, keep our wholesale company going and TRAVEL MORE!!

Thank you all for reading this post.  I hope it brings a lot of value to some of you.

Wholesalers Transactional Funding 

I'm finally sharing to the public about our Transactional Funding.  I'm doing my best to get my wife out of her W2 and let her take it over for me while I focus on all of our buy and holds along with other partnerships.  If you or anyone you know is ever in need of our Transactional Funding due to states not letting you use pass through funding, attorneys thinking pass through funding is illegal or you just choose to double close and need it for any other reason, please let me know.  Our website is a few weeks out, but our FB is Wholesalers Transactional Funding.

I have an online KPI dashboard that I created from over 20 spreadsheets for other wholesalers. The dashboard is online, simple and easy to enter in some data and the dashboard does the rest of the work and gives you ALL of your company metrics and KPI's. It's also an overview of your marketing metrics and soon to be employee KPI tracking as well. If this is something that interest you or someone else, let me know. It's taken over a year to get it all online. Stoked that I've finally got it live for everyone. :)

I have an online KPI dashboard that I created from over 20 spreadsheets for other wholesalers. The dashboard is online, simple and easy to enter in some data and the dashboard does the rest of the work and gives you ALL of your company metrics and KPI's. It's also an overview of your marketing metrics and soon to be employee KPI tracking as well. If this is something that interest you or someone else, let me know. It's taken over a year to get it all online. Stoked that I've finally got it live for everyone. :)

I have an online KPI dashboard that I created from over 20 spreadsheets for other wholesalers. The dashboard is online, simple and easy to enter in some data and the dashboard does the rest of the work and gives you ALL of your company metrics and KPI's. It's also an overview of your marketing metrics and soon to be employee KPI tracking as well. If this is something that interest you or someone else, let me know. It's taken over a year to get it all online. Finally live, phew!!

Hey there @Trevor Weis, I have an online KPI dashboard that I created from over 20 spreadsheets for other wholesalers.  If this is something that interest you or someone else, let me know.  It's taken over a year to get it all online.  Finally live, phew!!

Real Estate WHOLESALERS 👀

I’ve been holding out for a LONG time!! Our developers are almost finished with phase 1 and enough to go live on our ONLINE Wholesalers KPI Dashboard for YOU!

Have you been wondering how to track, what to track and WHERE to spend your marketing 💰 💵

Have you lost 10’s of THOUSANDS of $$ like me early on by just sending out marketing and NOT tracking it but seeing results and at the time then happy with it not knowing your Return On Investment until something goes wrong. By then you’ve wasted a LOT of $$ putting it in the wrong place.

Here is just a snapshot of only a PORTION of what the online dashboard looks like. We’re about to add every marketing medium and tracking to this so you can take your wholesale business to the next level.

As an upgrade in the next few months we’ll be adding EMPLOYEE KPI DASHBOARD to this for those of you who aren’t a lone wolf and have a team.

🤫 I’m also soon going to announce our Rehab Calculator, Rental Calculator, Flip Calculator, creative financing calculator and a few other calculators for Wholesalers and Investors. We have proven results from these calculators that will give you an advantage when negotiating with sellers AND finally have legit numbers when selling deals to investors. That’s to come...

I’ll share some videos to those who would like additional information AND email you upcoming updates. I may also share with some of you prior access for feedback 😉

Please fill out you name and email. NO SPAM, I will send updates on this opportunity for you and I look forward to seeing so many scale their business making decisions based on FACTS vs emotions.

https://exigomanagement.active...

#kpi

#wholesalers

#wholesalerskpi

#investors

#investorskpi

#KeyPerformanceIndicators

@Adam Figurski

If you need to do any work to it, don't use the delayed financing option.  The forced Equity you create from the rehab will not be recognized on the refinance.  They will only give you up to 75% or 80% of what you purchased the house for.

If you are NOT doing any rehab and not trying to build your portfolio super quick, then use the delayed financing option assuming your interest on your HELOC is less than what you could get a private lenders interest for.

If you are doing any work to the house, use a private lender or if the numbers make sense and you'll have enough equity (be careful, be 100% sure the appraisal will come back at what you think on the refi).  Then after you use the PML funds for the purchase and rehab, start your refi process and MAKE SURE you are asking for a RATE & TERM REFI, not a cash our refi or they'll request it to be seasoned.

On a Rate and Term refi assuming conventional mortgage, Fannie and Freddie guidelines will also allow you up to $2,000 or 2% (whichever is less) as "cash back" which is really just built into the loan. But that amount will help cover one or both of your closing costs. If done right, like I have on MANY rentals (this is my current strategy) you will either leave the refi with a very little check, you will leave closing with nothing or at worst you might pay a couple thousand for this rental. In all 3 scenarios, your ROI is almost infinite because you don't have any of your cash invested in the rental property AND you have between 20 and 25% equity in the property in case something happens to you financially later and you need to sell. This way you aren't over leveraged.

BUT you have to make sure you are finding the deal with a lot of equity up front and or you are able to force that equity.  After all that, make sure your rental rates are SOLID and you are accounting for maintenance, management, and vacancy in addition to your other fixed costs (taxes, insurance and mortgage).

You can find more info on my link, on my youtube or facebook if you want any more help on this.  I am rarely on Bigger Pockets these days, but I need to get back on here.

🤘🏼👍🏼👍🏼

Wednesday the 28th, 7-9pm. The Ivy in Buckhead 👍🏼