All Forum Posts by: Ben G.

Congrats on the deal. If you're looking for more of those let me know! 

I would sign up with InvestorFuse or InvestorPO, or something similar. Too much work to build yourself and if you think it's not worth the $$$ then it's going to be tough to buy houses.

@Ross Denman where does our company fall from a grading perspective?  Have we sold you any deals?

A friend has bought from Midwest and has no complaints about the inventory he purchased.

We were being contacted weekly by investors who have been duped by MI or Oceanpointe requesting a cash offer for our company.  Unfortunately, we couldn't get anywhere close to an offer they needed to be made whole.  I genuinely feel bad for these investors.  

Welcome to BP.  Great place to network and learn.  It's how I got my start investing in the Indianapolis area. 

Well that flopped, but I asked around looks like it's from 1 deal for every 3 appointments to around 1 deal for 8 appointments on high end thus far. 

Hi Everyone,

I operate my business in the Indianapolis area, and I'm working on some goal setting and would like some feedback from other companies similar to mine around the country.

I'm looking for others that typically wholesale, or quickly flip (close and resale) to generate revenue for their business.

Looking for wholesalers or professional home buying companies that spend a bare minimum of $5,000 a month in marketing.

Please do not use this as an opportunity to brag or show how successful you are or how much money you spend on marketing. Every market is different, what you need to spend to generate a conversion in the midwest is much lower than the west coast. I'm looking for real concrete numbers that wholesalers around the country have actually tracked to generate their success ratio.

I will define success ratio as contracts signed to appointments booked.  For it to count as an appointment you or someone from your company must have seen the seller's house in person, and you must be buying direct from the seller, not daisy chaining. 

My success ratio for contracts to appointments is 1 contract for every 7 houses we see in person here in Indianapolis. I'm hoping to improve on this.  

If you're spending $5,000 a month in marketing, you are primarily wholesaling, or closing and reselling as-is rather quickly.  What is your success ratio of contracts to appointments? 

@Michael Plaks your video seems to be helpful, so it looks like I can close on the property, (the lien is significantly higher than the value of the property) then apply for the lien to be released under Basis for Discharge: 6325(b)(2)(B) on Form 14135. Do you or anyone else you know have experience executing this application?

@Jay Hinrichs the lien is significantly higher than the value of the property, but the property is in Fountain Square, so as you know there's a lot of fix and flip upside there. Your idea intrigues me as well. What note are you referring to me buying though?  The property is free of any mortgage or notes, the lien is what prevented me from getting title insurance and closing.  

We have a property under contract and our title company found a IRS Tax Lien attached to the property.

Ron Legrand says if a property has a tax lien attached to it, that if title transfers we can request a lien release from the IRS and that they will grant them.  In his decades of experience he has done this 20+ times.

A attorney tells me that the IRS will not release the tax lien. If that's the case, then what are our options?  We need the seller to cooperate with us to negotiate the tax lien, he is not willing to do so because my attorney says any proceeds he was to receive will go to the IRS.

Does anyone in the forums have any experience with this complicated IRS Tax Lien situation on deals that they've done?  What was the solution?

@Jay Hinrichs great podcast!