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All Forum Posts by: Armani Emon

Armani Emon has started 31 posts and replied 81 times.

Post: SICK OF INACCURATE NUMBERS FROM WHOLESALERS?TRY THIS

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @Kyle Smith:

Good take on an interesting topic, @Armani Emon. This issue is a significant reason why wholesaling gets a bad name. Many wholesalers don't take the time to accurately calculate repair costs and instead just make up numbers on the spot, hoping to find 'a greater fool' to spin the contract to. On the other hand, we as investors could spend more time helping to educate wholesalers on how we analyze deals so neither party wastes the other's time. 

I honestly don't think that we are not taking the time to accurately assess the deals but it is rather ignorance.

Often when we are taught how to analyze deals nobody really genuinely educates us on the proper way to 

get an repair estimate. Then we are sent into the game with poor knowledge and look silly. In order to change it 

I feel like we should just come together as a real estate community and educate and vet the wholesalers. 

Post: SICK OF INACCURATE NUMBERS FROM WHOLESALERS?TRY THIS

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37

Hello Real Estate Family !

Everyday I scroll down the forums and it intrigues me that everyone is complaining about

the same thing ****** numbers from their fellow wholesalers. Wouldn't you like to wake up

one morning and receive a deal from your wholesaler that is accurate? One where they are

actually providing you with a diamond deal in spite of a sterling silver scam? Wouldn't the

real estate world be much happier if we could actually rely on the information

our wholesalers provided ? Of course we would! After a lot of concentrated thought,

analysis , and work at the drawing board I finally found the solution to the wholesaler

problem. Educating and vetting your wholesalers.

A lot of wholesalers are not taught how to accurately analyze the ARV/Repairs of a deal.

If you find that you are continuously getting inaccurate numbers from one of your wholesalers,

you should drop some wisdom on them about the proper way to analyze the ARV/Repairs and

everything else you deem wrong. At the end of the day we are all a team, think of how much

money you could make if you vet your wholesaler on how to accurately analyze deals rather

than shutting down every wholesaler that gives you inaccurate numbers.

Think of how much time you can save by simply educating your wholesalers, so they know

what a deal actually is, how to estimate repairs ect!

So many wholesalers are ignorant to the proper way to determine repairs ect, lets just

inform them and change the game!

When I first started my journey I was poorly and inaccurately taught how to analyze these

things as a result my numbers were crazy. I was constantly wondering why buyers were

shutting me down, telling me xyz about my numbers , trash talking my deals! Then finally

one of my buyers educated me on the proper way to do it , I learned how to properly

assess the deal/repairs then guess what happened? I started bringing her money deals!

I am telling you this works wonders, saves time, energy, and brings you the deals you

want! Just try it and tell me what you think !

Post: Struggling to find deals

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @David McDaniel:

@Armani Emon what’s the accurate way to analyze deals?
Have a contractor come by and ask him firstly if the home has any structural/mechanical repairs needed to it.

Then take a look at your comps and determine what features comps have (granite, stainless steel appliances, 

finished basement,new carpet ,new flooring , ect) then ask your contractor how much it would cost to make

your prospective property look like your comparable only slightly better.

Once you get the cost of structural/mechanical repairs you then have to ask your contractor how much it would take to put everything in your prospect home , that your comparable have. The mechanical/structural repairs+ upgrade cost (what is  needed to get it to look like the comparable) is the correct repair value.

Structural/mechanical repair cost+upgrade cost=repairs needed for the home

There is a way you can determine by just looking at the pictures, but I'll message that to you later because I don't know if off hand.

 hope that makes sense..

Post: How do I delete colleague requests?

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37

I have had a connection overload and maxed out on how many colleague request I can have 

How can I delete them?

Post: Struggling to find deals

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @Adam Higginbotham:

New investor here. I have been walking through a lot of houses and trying to find a winner. I am getting some houses from wholesalers and their numbers seem to be very off. Ex: 130 purchase/50 rehab/240 ARV. I get my contractor to look at the property and the rehab is more like 90. I am using hard money, and after paying them back and paying the realtor fees etc..... I am not seeing the money in it for me. This has happened multiple times with this wholesaler so I will not be using them. Where do I need to look to find deals? Do I have to buy foreclosures? Any incite and help is appreciated. Thank you!

For anyone having trouble with inaccurate numbers from wholesalers.

A lot of wholesalers are not taught how to accurately analyze the ARV/Repairs of a deal.

If you find that you are continuously getting inaccurate numbers from one of your wholesalers,

you should drop some wisdom on them about the proper way to analyze the ARV/Repairs and

everything else you deem wrong. At the end of the day we are all a team, think of how much

money you could make if you vet your wholesaler on how to accurately analyze deals rather

than shutting down every wholesaler that gives you inaccurate numbers.

When I first started my journey I was poorly an inaccurately taught how to analyze these things

as a result my numbers were crazy. One of my buyers educated me on the proper way to do it ,

then I started making her money!

Post: Hey BP I’m new to wholesaling I operate out of the Maryland area.

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @Charles Phelps:

I am new to wholesaling I have been going hard at it for like 2 weeks. I have been driving for dollars by using this app called deal machine and I also send mail with Deal machine. I have also been using Zillow to find FSBO houses under 100k. What are some tips anybody can give to a new wholesaler to get my first deal.

Hey I am in Baltimore wya? Lets Connect and make some money!

Post: BALTIMORE WHOLESALE NEWBIES

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @Ned Carey:

@Armani Emon a good way to network here is to set up a "keyword alert" for Baltimore. You will get notified when anyone posts about Baltimore.



how do i do that?

Post: Looking to start wholesaling

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37

Post: BALTIMORE WHOLESALE NEWBIES

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37
Originally posted by @David Stumpf:

Hey @Armani Emon. Welcome to BP!

Hey Hey! Thanks! Are you a wholesaler or do just invest?

Post: BALTIMORE WHOLESALE NEWBIES

Armani EmonPosted
  • Baltimore, MD
  • Posts 85
  • Votes 37

Hey I am Baltimore looking to connect ! Baltimore newbies connect with me!