All Forum Posts by: Gabriel Johnson

@Matt Slease

Nice work getting the seller financing conversation going in the first place! I just recently sold three properties I had seller financing on and I managed to get all three for 6% down, 4% for 10 years. But like @Marco Bario mentioned, with seller financing, nothing is off the table. I'd present him with 3-4 seller financed offers with differing down payments and interest rates, potentially a higher price fort a longer term that allows it to still cashflow. If he knows the house is worth 170, is willing to part with it for 160, but you offer him 200 with favorable terms that still produce cashflow, he may see it as a win win solution 

@Duncan Hayes First off, your current business is a monumental asset to everyone on this forum, as I'm sure you're aware if you still have a pipeline of wholesale deals in the current state of market. My question would be, depending on what you define as a healthy monthly spread on a STR arbitrage, how many wholesale transactions would you need to close in order to produce the income you will have produced from one year of airbnb arbitrage? With all the overhead, management, a liability of airbnb'ing someone else's buy and hold, I'd personally rather increase my wholesale marketing spend by the amount of money you're considering investing into the arbitrage, and see if you can't close a handful more wholesale deals.

I think it would be worthwhile so you have at least foundational understanding of the alternative decision people are making by leaving massive amounts of equity on the table in exchange for the convenience, control and speed of an off market transaction. You can offer them a retail solution via listing, or an off market solution via assignment / double close wholesale, wholetail flip, etc and truly serve their best interest rather than pushing one solution that fits your wholesale model.

@Dmitriy Fomichenko Appreciate it Dmitriy!

Investment Info:

Single-family residence buy & hold investment in Winston Salem.

Purchase price: $75,000
Cash invested: $6,500
Sale price: $105,000

Three Home Package seller-financed on a 10 year note at 4%

@J Scott Thanks for the feedback! I'll talk to my CPA about it.

Hey @J Scott I know this is from ages ago but does the fee on the HUD-1 paid at closing necessitate the wholesaler receives a 1099 from the closing attorney / escrow agent?

Afternoon Roberto!
First & foremost, remember your investment goals and leverage your marketing activities as an agent to support both client representation prospecting, as well as potential personal investment acquisition. In my own marketing efforts, my prospects should always know that I'm a cash buyer, whether the property is turn key ready for market reintroduction, or needs substantial rehab to be rent ready or market ready. So many leads go down the drain because agents only speak the language of retail transactions. Be prepared with financial partners (Hard or private money, equity or debt partners) or a small list of well capitalized cash buyers who are confident in their purchase criteria. With these tools in your tool belt, you can move your leads through the funnel of potential buy & hold > fix & flip > wholetail > wholesale double close / assignment (With full disclosure) > MLS listing (Seller Representation).

Let no lead go to waste & truly place the interests of your prospect worlds above your own. Let your license support your investments and your investment prospecting support your client leads.

"Your true worth is determined by
how much more you give in value than you take in payment.

Your income is determined by 
how many people you serve and how well you serve them" - My man Bob Burg!

A year & a half of sharpening my knowledge while working on the side as a collegiate health coach and later as a sales rep for Toyota..

You can easily listen to the entire library of the BP REI podcast in a matter of 6 months to a year if you listen to a couple interviews / day. This simple discipline will begin to arm you with vision and ideas for how to best make your entry. Odds are you will do so before you get through the entirety of their interviews because you'll not only have a much more vivid vision for the direction you want to go in, but you'll begin to speak the language, understand the acquisition, lending, holding and rehab, property management, and market reintroduction processes you've been armed with from all the interviews. Stand on the shoulders of those you glean from everyday!

Investment Info:

Single-family residence buy & hold investment in Winston Salem.

Purchase price: $75,000
Cash invested: $6,500

Three Home Package seller-financed on a 10 year note at 4%