All Forum Posts by: Bevla Reeves

@Chris Martin

I'm not losing business to ibuyers, my sellers are too smart to sell to them.

I receive offers for my listings from them all of the time, I and my clients laugh at their offers because they're so ridiculous! ;))

I'm not in competition with them, we're targeting completely different sellers.

My sellers are smart real estate investors who know a good money-saving deal when they see one and their sellers are naive uninformed homeowners who don't realize they're being ripped off!

@Chris Martin

You can play by the rules and still be a racket!

It's up to their clients to complain to the ADRE.

All you have to do is look at the actual fees they charge and the business model to see the difference in them vs traditional models and the vast difference in how much equity sellers give up between the two.

SMART savvy sellers avoid iBuyers. Period.

@Dovid Staples

iBuyers are "Bait & Switch" when it's all said and done.  Sellers can end up paying up to 17% of the purchase price in "Fees" without realizing they were just tricked out of their equity!

iBuyers make their money on the Buy with the fees they charge and that's why they can sell under the price they show the home was purchased for in the tax records.

It's a racket. ;))

Savvy sellers will realize they're better off hiring traditional agents at 6%  or a Flat Fee Realtor, where the savings are even higher!

@Allen Vestal

Congrats on your first post and your enthusiasm, I love it! ;))

—Leads—

Give your agents zipcodes for getting to know markets... you want the whole area so you can start to notice patterns and where buyers/renters are buying/renting and what they're willing to pay!

Then once you get to know the market(s), niche down on your criteria and have your agent make the search adjustments for you.

—Pursue—

WHATEVER YOU DO DON'T USE ZILLOW!!!!! NO!!!!! ;))

Zillow is the worst for accurate data, if anything use Redfin.com, they're an actual brokerage and have up-to-the-minute accurate MLS data! Zillow is the opposite! Homesnap and Rentometer are great!

—Pursue—

Hmm, did Brandon suggest starting with one purchase to gain experience and develop a methodology that resonates with your personality?

That would be my suggestion... that way you can maximize your strengths and minimize your weaknesses!

You'll fall in love with some REI methods and find that you hate others.

I'd be happy to help with your drip! 

Cheers to your success warrior!!

Flip this house! 🏚🛠👉🏽🏠 🤑

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Hire Hello Flat Fee! to submit your offer and receive a $500 rebate at closing! 💵 🙌🏽

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Hire Hello Flat Fee! when you list and save a potential $12,000+ to use towards your next repair budget or a new acquisition. 💰🤜🏻🤛🏽

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Location: Scottsdale, AZ

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MLS Price: $314k

Bed/Bath: 3/2

House sf: 1,437

Lot sf: 6444

Built: 1960

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Estimated Numbers:

ARV: $495k

MOA: $304k

RB: $79k

PNP: $85k

NCI: $385k

NRCI: 22.27%

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Abbreviations:

ARV: After Repair Value

MOA: Maximum Offer Allowed

RB: Repair Budget

PNP: Potential Net Profit

NCI: Net Capital Invested

NRCI: Net Return on Capital Invested

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Buyer to verify all facts and figures. Property information provided is deemed accurate but could be incorrect. Estimated value listed above is an opinion of value. Buyer to do own due diligence.

DM me for details on submitting a purchase offer!

@Season Price

I would get a free targeted mailing list from my title company, send out 500 yellow letters and wait for my phone to start ringing...it always does! ;))

@Brian Geiger

What is your investing specialty?

@Danny Milea

Hi Danny!

How do you plan to find motivated sellers?

I have a friend who paid partial cash on his dream home a couple of years ago in SoCal...$600,000 cash on $1m home.

He runs a 1-man wholesaling operation!

You can do it...I've seen it with my own eyes! ;))

Good luck Danny!!!

@Aaron Lietz

It is NOT your Realtor's job to give you investment advice, in fact, he could get into a lot of trouble with his broker if you decide to complain or sue him for bad investment advice!

It is considered out of his purview as an agent to give investment advice.

It is YOUR job as an investor to do your own due diligence.  YOU need to know what you're doing.

And if the home inspector says the property is "a ticking time bomb", LISTEN!!! ;))

That advice is within the home inspectors purview and expertise! 

Yes, you should definitely hire an investor/agent, they'll speak your language and can empathize with you.

I run the investment numbers on properties before I suggest them to my clients so that I know whether they're a good deal or not or what is needed to make them a good deal in terms of negotiations...which IS within my purview as an agent.

But don't expect your agent to advise you on investment matters unless of course, they're also licensed, financial advisors! ;)

Good luck Aaron, cheers to your prosperity!!

@Jared Smith

CONGRATULATIONS JARED!!!!!!!!!!!!!!!!!!!!!!!!! ;)))