All Forum Posts by: Christopher Langan

Ive been trying to search this question and cant seem to find the right answer...so I will try here and see what I get.

My question is can you do/be both at the same time? Be a certified home inspector but still do real estate wholesale...are you able to offer your services or not? Is it a conflict of interest? I understand that most states doesnt require a certification and some states do. I could be wrong but I believe as a Real Estate Agent and Home Inspection that is conflict of interest. 

Thank you in advance to anyone who answers.

@Bill Gulley Thank you for that, so if I have this correctly. The formula youre saying a wholesaler should use is 

ARV - Repairs - 10% Transaction Fee and when you say 10%, 10% of what? The ARV? Or a different number?

Thank you for that explanation which indeed help, but I do believe you misunderstood what I was asking, and ill take the blame because I wasn't clear enough.

I was asking about what the numbers you provided, First how are the percentage established for each one 3% for holding and closing, 6% for realtor, etc. Second, the numbers you provided don't add up...unless you was just putting fake numbers to show the formula only.

@Mike Bradley Thank you, thats more along the lines of what Im looking for. 

If you dont mind, can you briefly explain the fixed percentages you have?

@Kyle Gregg Thanks buddy, I appreciate it! 

@Kyle Gregg Yeah I have been reading about the keyword set up, but I cant seem to find it on BP. Do you mind leading me to where I can start setting up my keywords? Thanks a lot. 

@Rene Martinez

@Justin Drappi 

Thank you both. Now to make the question more complicated. Whats the rule behind the percentage? 55%-80% How do you determine which percentage to do? 

@Ned Carey Nice to meet you. Nice to meet more locals.

@Kyle Gregg No way! Thats awesome. Yeah I'm starting to notice the positive BP community, its awesome. Yes I am definitely interested in that seminar, maybe we'll meet in person at one, who knows. Nice to meet you.

So Im going to assume this has been asked a million times, but I was just struggling to figure out the ARV and the costs.

I have knowledge on what  and how much X should cost and stuff, but when people explain calculating the costs its more elaborated through writing.

I was wondering if someone could kindly explain it in math form.

Im more of a math guy just fyi. 

For example. I know a house thats on the market for $350,000 and the comps of the neighborhood/area is $325,000-400,000 depending on size, sq ft., etc. 

How would I determine a price I could offer

P.S. This is a distress home as well as a friends home. I dont believe it will sell on the market for that amount.

Thank you everyone for you help and advice I really appreciate it. 

@Christina R.  Thank you for informing me, but unfortunately I do have work tonight. I will definitely log it into my calendar though for the upcoming events. 

@Dominic Jones alright awesome we will exchange contact info soon enough.

By the way if anyone in the DMV area and are familiar with Whole Foods Market in Columbia, (currently where i work) would like to come meet up and chat or eat some healthy foods with a slight discount on me...COME ON DOWN! 

Email or Message me if you would like to meet.

I do work tonight 3pm - 10pm and tomorrow 3pm - 10pm

Maybe Ill meet some new people