All Forum Posts by: Joseph Jones
Joseph Jones has started 7 posts and replied 32 times.
Post: Ready to Sale in Birmingham Metro Area
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Post: Fultondale, AL SFR Wholesale Opportunity
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Post: Landlord ROI question
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Hello Marcus,
Sorry about not providing some specifics with my question. I will send you a private message with details on the deal.
Post: Best Websites for determining Home Rents
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Can anyone recommend any websites for quickly determining what homes rent for based on city, or zip codes? The few that I have tried want to capture your info for marketing purposes.
Post: Landlord ROI question
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Need some advice on what is considered an appealing "Cash on Cash ROI" to a buy and hold investor. I'm working on what could be my first deal since joining BP and I don't want to blow it because of not understanding what type of ROI landlords desire. The Wholesale calculator lets you insert the "Cash on Cash ROI" number and I'm curious to know what everyone feels that number should be and what should it be based on?
Thanks
Post: No more excuses...First deal done!
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Outstanding! I'm so happy for you! I'm at that very same point in my career and it's high time that I join you!
Post: Voicemail Recording????
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Originally posted by @Josselyne Lugo:
Josselyne,
Post: Voicemail Recording????
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Josselyne,
Sadly, I'm still not off the ground yet! I did file my LLC paperwork today so I'm one more step closer to taking-off! The reason I was considering using a voicemail message instead of answering the calls myself is because I work full-time and it would be nightmare trying to juggle calls from work.
My promise still stands. I will share my results once I get started!
Post: Script of telephone negotiation with seller today (Advice wanted)
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Originally posted by @William Johnson:
You have started a great discussion that affects a great many of us newbie wholesalers. I have not taken any calls thus far but something I saw on T.V. really gave me the approach I feel works for my personality. It was from the show named "The Profit" A car wholesaler was losing deal after deal and also paying too much for his inventory. To fix this situation, Marcus Lemonis introduced him to a system where he used a inspection process to locate defects in the car that would later be used to reduce the sellers asking price. Once the flaws were pointed out to the seller it made it easier to justify a lower sales price.
I mention this because real estate represents something of great value to most people! Taking the time to visit their property before starting the number crunching can go a long way in cementing the deal in my opinion!
Post: Earnest Money Deposit Negotiation Tips
- Wholesaler
- Jonesboro, AR
- Posts 36
- Votes 10
Originally posted by @Anthony Harris:
Anthony,
You have hit upon one of the things that concerns me as well. It has been my experience when selling a primary residence to expect the buyer to show their level of commitment with a reasonably large earnest money deposit like $1,000 or more. Anything less demonstrates to the seller a quick exit is possible. Now, keep in mind that I'm not suggesting that you pony-up that large of a deposit, but I'm also interested in learning what others have done and how they explain it to the seller.