All Forum Posts by: Jeffrey Hotz

Hey @Nic Williams

2 things that are highly important in a wholesale:

1.  Get it at a price so your not trying to sell at market, if you can't its not worth your time.

2.  Highly disclose that you aren't the procuring buyer to the seller!

Biggest issue I find buying from wholesalers is the lack of seller understanding what is happening, which leads to law suits and complications. This is why wholesaling gets a bad rap!  We make money anyway we can here in HomeVestors, and often find wholesaling to be the best margin for us with least amount of risk.  Since we have a national brand to uphold its imperative that the Seller understands the process.

Im actually moving my office to Columbus in the next few months to help HomeVestors gain ground there.  Happy to help where I can as I have experience on both sides of the wholesaling transaction.

Dan Ossman hey Dan I have some options that may be helpful, but fees might be a deal breaker. Hard to go into it here on BP as Im not the type to write out a book on the subject (or do I have the time)so message me and we can chat.

Brian, message or call me, glad to help and more questions I would have before I feel any guidance can be given.

@Lygia Bernardes that @Nicholas Novak guy is that man to call!

Unfortunately in this business at some point we all make mistakes, best to forget about profit, unload it and move on to the next.  Ive seen too many sit on house hopping for a miracle to happen.  Use this as a learning experience, take a moment to internalize the reality and get rid of it while you can.

Key to RE Investment: you make your money on the buy!

@Carter Fiorita

Lets chat as Im about to move out there to grow the "We Buy Ugly Houses" brand and could use some assistance.

Hi Ben, wondering if your looking to invest for yourself or represent investors?

Its a numbers game, for sure, and reality is sometimes it take a significant amount of time for people to call in.  We've received calls from potential sellers many years after our mail is dropped, so you never know if someone isn't simply filing that away until they need it.  

For me I have market data from HomeVestors that shows me cost per lead in a given area and also average conversion rates so easy for me to figure out how many buys I'm looking for in a given year relative to a specific market, and I'm active in 2.  For you I'd say continue to advertise as you can until you feel comfortable with an average.  

The key to direct mail is consistency and longevity!

Real Estate is a tricky beast sometime because of the dry spells we all go through.  If you understand the averages in an area and are spending appropriately to be successful then when looking back at your year the numbers will align.

Always happy to chat about benefits of HomeVestors if you want since we have significant experience with this problem.  Message me if you wish.

Happy Investing!!

Hi Phillip,

We do have a lot of franchise across the country in small markets, and not sure how yours is separated out, but I'm sure they would make it a territory if it isn't already.

Sounds like your working with the corporate sales guysmaybe Kevin, Terry, or Justin?  I'd say thats a question for them as Im not familiar with those areas and how the territories are set up.

Happy to help in any other way I can, hope to see you at the next convention in June!

@Nathanael Cotterell message me as I have a few different options specific to investment properties that are reasonable.  Don't know appraised value for your Cleveland house, but I have some that are around 140k and with rent loss included around $60 a month.  All depends on deductible levels and a bunch of other factors, but I certainly have a couple options for you t check out.