All Forum Posts by: Jeffrey Hotz

Roy Leach Inventory for properties is tight country wide. I wouldn't think there's a better market than the one you have in depth understand about. Can't imagine why you would want to look at a market other than Denver? We wholesale nationwide and I'm sure you've seen our "We Buy Ugly Houses" billboards. Each market has its own difficulties, but all nationwide have wholesale potential.

Welcome @Ramadan Adili!

Welcome Jackie Ledesma !

Fighting the state on something that's a grey area around the country is a bad idea and a losing battle, especially if you don't have a RE license.

I'd say close with cash, or move on to the next one.  All for the sellers sake, who should be the most important in any investment scenario, not your bottom line.

What I hate is wholesalers saying that they are cash buyers and going to close when realistically all they are doing is tying up the home and wasting the sellers time.  Theres currently a duplex that I am interested in that I have seen on various different wholesalers list.  Now I don't know if the seller will come down to a price that makes sense to me, but I would like, as an actual cash buyer, to have the opportunity to discuss.

Wholesaling should be a tool you use if in the event you have a high probability of helping the seller out and make a little $$ in the process.  I don't believe it should be the main business model.

I often wholesale property, but its significantly spelled out and disclosed, and I only do this if I believe I can solve the homeowners problem and have a high probability of success. 

"Real Estate is a numbers game, but the people are whats important"

Hey Drew, send me a note I have a company I use here in Lake County for all my rentals.

Hi @Jim Fichera Im a current Franchise w/HomeVestors and happy to discuss if you want.  I don't want to make this a back and forth between those that are and those that aren't Franchisees, or am I here to debate the merits of joining or not joining.  Reality is there's myriad reasons why people find HomeVestors to be a fit, and theres myriad reasons why people decide its not right for them.  If you wanna chat reach out, I'm glad to discuss the good, the bad, and the "Ugly" (my wife just rolled her eyes at my "Ugly line"!  Ill take it!)

I know this is an old post, but I saw this statement by @Walther Arias and need to interject a bit as HomeVestors has had significant value for me.

"Put your money to better use than paying a guru to teach you the same thing you can learn from free by using resources such as BP or local REAs.

Yes theres certainly a lot of information on bigger pockets  and I'm sure Gurus have benefit, but the HomeVestors model encompasses so much more than access to information.  They provide actual motivated sellers and 100% funding to fix and flip properties.

Lets relate this to another franchise, McDonalds.  Im pretty sure you can read all you want about being a burger business, but are there going to be eager people lined up on day 1 to buy your product?  This is what franchising is all about, and Im more than happy to discuss the good bad and "Ugly" if anyone is interested.

Thomas Heimel Thomas, were way different. We're not a guru convention, or selling real estate books. HomeVestors is a team/family mentality of over 780 franchises nation wide that work together for the benefit of the brand, and success of the franchise. In a nut shell, here's the benefits: 1. In house national advertising through billboards (in most markets), TV (my son saw is on American Pickers the other night), Internet SEO, and a significant direct mail program that does target actual motivated off market sellers. 2. Real 100% funding for purchase and rehabs (cheapest hard money I've found) 3. On going support and coaching from investors that actually are currently working in your market. The reason there aren't HomeVestors guys often on bigger pockets is be because we can reach out directly to someone rehabbing 100+ houses in a year, or wholesaling the same amount, or someone that has 600+ rentals. "Franchise" isn't an Ugly word to us because the requirements of being a franchisor are the benefits; leads and funding. They can teach that in a class, but can't provide them unless it's a franchise. If you want to hand me $199 bucks for me to give you a RE 101 overview I can do that. I'd say keep the money since I'm not sure anyone can ever really say they are an expert in this ever changing industry. We're constantly learning and evolving and I intend on lasting in this industry for a long time. HomeVestors gives me the platform and "business in a box" to be successful, and the on going share of real world information that allows me to adjust and see changes as they are happening. This is the benefit. Like I said above this is a team/family mentality and some of my most established long lasting friendships were created within the organization. It's not right for everyone, but for a former career military guy that took a chance and laid down some money it's been great for my family and my life. Wouldn't change a thing. If anyone wants to chat more in depth I'm happy to, we're always looking for more investors to grow the family bigger.

There's a few posts here that say it's NOT POSSIBLE to refinance out on a rental and pull out 100%. I can tell you my model is to cash out refinance where I make 10 - 15k on a house. Otherwise it ends up being a rehab or wholesale. For me the ability to buy at deep discount gives me the leverage on the back end when refinancing. I refinance out no more than 65% of ARV. Case I point: I have a home, 106 Mariposa Ave in Waukegan Il, that I purchased for 37k, I'm currently putting 30k in rehab and about to sign docs to cash out refinance at 81k, which is 65% of what I believe the ARV (125k and conservative, probably more like 134k) should be. It's possible but you have to purchase at steep discount, which is a much longer discussion and for me has more to do with who I'm associated with.