All Forum Posts by: Samantha M.

@J Scott I would love to hear about your colleagues experiences with a franchise. I am sure others on the forum would benefit as well should you be willing to share it.

Leads and franchise fees

@Aaron Mazzrillo Do you consider Hard Money Lenders to fall into the category of "conventional lenders" that are "only in the business for themsevles" typically as well?

How many flips/rents have you done? 75% less repairs is really great in DFW right now there is no inventory so wholesalers will rightfully mark it up to what the market will pay. Rentals I see regularly go for 82% less repairs. Stop using this 70-65% jargon that you hear spouted here on the forum. Thats a good guideline but it all comes down to whats going on in your local market.

If you are expecting 65% less repairs, good luck...better start your OWN marketing campaign.

Remember either way your going to pay by either:
1) Wholesalers mark up
2) Marketing for your own deals (this is expensive upwards of $1,500 a month to regularly produce leads. Plus all the tire kickers you will have to deal with)
3) Competition premium on MLS

@Account Closed Wholesalers here in DFW have burnt alot of bridges with sellers? What do you mean Joe would you mind elaborating a bit more?

Thanks

About $2,500 a year just to be active is what my friend is paying. What about you guys?

I talked to a "private money lender" who was doing 19% when everything is all said and done. Why dont people just refer to themselves as hard money lenders if they are going to charge that much.

You mean the type of wholesalers that lock up a property on the MLS, and then add their fee on top of the listing price. When you could go get it on the MLS for cheaper, I have seen that alot lol.

@J Scott I notice that sometimes as well. However, to be fair, most wholesalers will mark up to what the demand is. If people are buying at 79% ARV less repairs, they have no incentive to lower their mark up as a result.

You really can't fault them for that, they are giving the market what it wants.

@J Scott Just out of curiosity J, assuming numbers are good, what is considered a good deal for a flip and rent in your market right now? For us landlords are paying up to 81% ARV less repairs for rentals and 75% less repairs for flips due to inventory.