All Forum Posts by: Ashley Johnson

I sure am @Michael Dumler. And that definitely sounds consistent with what I've been hearing back from people. I'm so used to running numbers on these flips so now I am adjusting to what the market is doing, and I want to send deals to investors that make sense.

Thanks a lot!

@Andrew Garcia thanks so much. Lol I'm sure 100,000% is ideal for anyone! 

Double digits is a good general rule to go by, so I'll keep that in my back pocket. I do also look at MFR deals.

I've started using Dealcheck to help analyze deals, but if you don't know what numbers make a good deal, then there is no point in using the software.

Thank you Andrew, very helpful
  

@Stewart Ramakuri I agree with @Alex Breshears. Get clear on what you want from this. It sounds like a great opportunity, and the fact that you're willing to take that leap is awesome. I'm also looking for potential creative finance deals for STRs to get some of my time back. You'll find the right property at the right time. Keep learning, keep growing, keep going!

Hi BP family,

I'm getting properties both on and off market, and many of them rentals. I know how to calculate for flips, but what ROI do buyers look for on buy and holds rentals? What cap rate, C.O.C., etc? When calculating your offers, do you include margins for a rehab?

I want to provide more accurate numbers because I know the market is shifting from flips to more buy and holds.

Thanks all!

@Wayne Brooks thank you. So since I cannot assign the contract, either my name or the buyer would need to be on the contract right?

Do you know if it's possible to do this without a real estate agent? One of the articles I read from a few years back mentioned needing to use one, but is there another method? If not, what's the best way to structure the deal for myself, the cash buyer, and the agent?

Hey BP friends,

I'm trying to put together everything I need to begin wholesaling HUD properties. How does it differ from wholesaling regular properties? What are some good strategies for pursuing this method, especially when it comes to closing and bringing in the cash buyers.

I've seen a couple of articles, but they are all from 7+ years ago.

Any insights would be much appreciated, thank you!

@Will Barnard that was incredibly helpful, thank you. I was using 65%, but then seeing other people that use 80%, and I couldn't figure out how that number was decided upon.

I appreciate your insight. I am trying to learn as much as possible about coming up with offers that allow everyone involved to walk away with a win, as I get closer to closing my first deal. 

@Marc Rice I'm referring to the % of the value of the house most cash buyers would be willing to pay on a house. So to come up with my offer on a house to present to a cash buyer, I use the following equation:

ARV x Investment Percentage - (Renovation Estimate) = Cash Buyer Offer

So I'm trying to figure out how people come up with the investment % the use in the equation. What determines that percentage? 

I hope that clarified.

Hi BP Fam,

How do you all determine what investment % to use when calculating your deals? I was told 65%, but I know not everyone uses that percentage across the board. Do you base the number on how hot your market is? Any advice would be helpful.

Thanks!