All Forum Posts by: Sean Brennan

rental income per year is 22800 minus expenses estimated at 50% (which could be way off) would give you a net of 11,400. That is not a very good return (3.8%) Unless there is extra land or extreme upside in the rents. Unless I am missing something. Doesn't sound too good. Sorry Angel

Hi Chukwudi! This is a pretty good article on the topic:

http://www.biggerpockets.com/renewsblog/2013/02/10/long-distance-fixing-and-flipping/

Welcome Will!

Angel Perez Thanks for sharing and good luck! Keep us posted.

Angel Perez that would be an excellent return. Would you mind sharing what your approach is (type of mail/list)?

Hey Gary Parker! Really appreciate the response. Anybody else?

I am just curious if anyone has a ballpark idea of how much they spend per direct mail deal. I know this will go down over time as one gains experience. I am guessing that it could be as high as $2,000 per deal to start but would love to hear from someone with experience.

Yea, I actually really like it. I tend to over analyze and its good to simplify whenever possible.

This a little humorous and really simplifies things:

I found this from Alex Joungblood's Wholesaling Houses Full Time Facebook Page. Someone named Philly Wholesaler posted it.

That is over 20% annualized... pretty good. I assume you didn't do any of the work, right? If they defaulted on your 5% could you have taken the property?

I've seen hard money rates at 11% to 14%... I think you did pretty good. I am an amateur as well...

lets get some experienced people in here lol