Says WHO there aren't any good deals?

[Engelo Rumora]

G'Day guys,

Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷‍♂️

I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.

So there's that lol

Just picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)

$160,000 purchase price

$50,000 rehab

Current rents are $3,000 per month

Optimized rents will be $4,000 per month.

BPO before purchase $220,000 - $250,000

ARV $350,000

ARV with interest rates at 6% potentially $400,000+

Cashflow = S#%$ load $$$

Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lol

Yep, it was one of those.

All in all, great deal and they are definitely out there.

Working on another one now that will be converted into a duplex and is located in a top notch school district.

Somehow picked this one up for $20,000 and needs $45,000 in rehab.

ARV is $110,000 conservatively

Combined rents will be $1,300pm.

Ohhh yeah, almost forgot.

Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.

ARV all day long is $80,000.

Says WHO there aren't any good deals???

Buy your lists, smile and dial all day and every day.

Negotiate hard, be quick, close quick and close with cash.

Your word is your honor and if you snag a bargain price and are under contract with the seller, even if it turns out to be a turd.

Buy the turd and eat it.

Don't be a turd like many other wholesalers are and let the contract lapse.

Right @Bob Stevens?

What are some deals everyone else is buying?

Let's see if you have "Bigger" numbers than mine.

I think mine is the biggest...

I meant the numbers lol

Yours truly 🙏

[Engelo Rumora]

Quote from @Bob Stevens:

Quote from @Engelo Rumora:

G'Day guys,

Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷‍♂️

I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.

So there's that lol

Just picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)

$160,000 purchase price

$50,000 rehab

Current rents are $3,000 per month

Optimized rents will be $4,000 per month.

BPO before purchase $220,000 - $250,000

ARV $350,000

ARV with interest rates at 6% potentially $400,000+

Cashflow = S#%$ load $$$

Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lol

Yep, it was one of those.

All in all, great deal and they are definitely out there.

Working on another one now that will be converted into a duplex and is located in a top notch school district.

Somehow picked this one up for $20,000 and needs $45,000 in rehab.

ARV is $110,000 conservatively

Combined rents will be $1,300pm.

Ohhh yeah, almost forgot.

Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.

ARV all day long is $80,000.

Says WHO there aren't any good deals???

Buy your lists, smile and dial all day and every day.

Negotiate hard, be quick, close quick and close with cash.

Your word is your honor and if you snag a bargain price and are under contract with the seller, even if it turns out to be a turd.

Buy the turd and eat it.

Don't be a turd like many other wholesalers are and let the contract lapse.

Right @Bob Stevens?

What are some deals everyone else is buying?

Let's see if you have "Bigger" numbers than mine.

I think mine is the biggest...

I meant the numbers lol

Yours truly 🙏

Yes, there ARE deals if you know how to find them. I am closing this week on a 3/2 all in will be 75k, with 1500 in rent, ARV about 125k, 2 br, all in 65k, rented at 1200,value about 95k. Duplex all in 90k, rented at 1800, ARV about 120k. Recently a 7 unit, all in 220k, rent about 50k, net about 38k, great numbers. Keep crushing it bro,

Happy days mate,

Bloody nice numbers indeed 👏

Talk about not getting out of bed for anything less than a 15% net cashflow ROI haha