All Forum Posts by: Kyle Pierce

@Luc Boiron nice job picking up the deal! As a flipper and a wholesaler, I’ve made big wholesale fees and paid big wholesale fees. Some people think that wholesaling takes no risk, but that’s not true at all. Usually the wholesaler is paying thousands of dollars in marketing, spending a lot of time and energy to get these deals. In some cases the wholesaler could be taking more risk than the rehabber if the rehabber has all the systems in place to flip a property quick. Some very exoerienced flippers can rehab a property in 4-6 weeks and make a verg good profit. Risk, just depends on the different perspectives. In the end it shouldn’t matter what the wholesaler makes as long as the deal works for the buyer and meets his or her criteria

Why don't you sell the properties then lend the money out at 10%? I would pay that rate

Huge Price Drop on this seller finance deal in Pleasant Grove. Home needs very little work. 

See Pictures here

https://gallery.mailchimp.com/e5b347785ffaa7729f93...

Seller Finance terms

-Down payment 50k

-Seller to finance the rest at 4.5% for an estimated 27 years

Buyers pay only buyer's side of closing costs

-Home Figures provided as a courtesy, buyer to verify all information

You can also try the Law Office of James H. Deans. Really good guys over there. Ask for Tim Deans

Originally posted by @Simon W.:

It depends on what you need. Most BP investors outsource since they aren't running 15+ properties with $100 million portfolios.

 I was asking in a general sense. Just wondering on average what people generally pay for bookkeeping services. Maybe I could narrow it down and say how much do you pay for bookkeeping services if you flip about 40 properties a year or less, have less than 10 rentals in their portfolio

@Eric Adobo I would disagree. There are plenty of deals in most markets, just some people are much better at finding them than others :)

Originally posted by @Eric Christensen:

How did this work out?  I'm considering something similar in West valley. 

 I ended up walking from it. It was going to be a long and complicated process and I couldn't get the seller to come down enough. It did seem doable but would've taken awhile to get it all done

Hi BP I’m wondering how much do you typically pay your bookkeeper? Do you pay them hourly or a monthly fee? And, do you have an In-house bookkeeper or do you outsource this? Also, what type of real estate strategy are you pursuing? Thanks!

Originally posted by @Preston Lam:

@Kyle Pierce Definitely will sign up to be on your buyer list. How have your experiences in wholesaling and fixing business here? We are looking for SFH and small multi units so it's exactly what you're providing as well so hopefully can make something happen very soon!!

 My experience has been that Utah is a great place to be if you're an investor. The hard part is finding the deal but once you find it you won't have a hard time selling it on the backend. Utah is growing fast and housing is pretty short on supply, so if it's a well done rehab it won't be on the market for too long before you have offers coming in.

@Darren Larsen Any interest in just selling the rental properties?