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All Forum Posts by: Jeffrey Hotz

Jeffrey Hotz has started 31 posts and replied 231 times.

Post: Offers Getting Rejected Left n Right

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

problem is our focused too much on the numbers and making the property work for you and not focused on what is reasonably best for the seller.

We’re not in the investment business, we’re in the people business!

At least that’s the way we look at it here at HomeVestors.

Post: A 70's era bar in the basement?

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

Id paint it and add some cheap shelves to the wall on the back for bottles.  Cheap cleanup and will make a huge difference.   Most will say its nice if it wasn't dated, so not going to be a value add for the buyer in most cases the way it is.

Post: COME DISCOVER HOW "WE BUY UGLY HOUSES"!

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

@Mike Dembowski  

Hey Mike, What did you like about the presentation, I suspect you were in attendance and heard Mark talk?

Post: Leverage over 20 years experience and over 90,000 houses sold!

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

Post: Franchises? ("We buy ugly houses")

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

@Jessie Niu correct 18k is the initial franchise fee and then you would be responsible for monthly advertising costs as well.

I’m right here in Columbus with you! For Columbus, your going to want to have 50k available somehow so you can pay the Franchisee fee and have cash on hand for other expenses and at least 6 months advertising.  Other markets are higher, but that’s about the norm for most.

And certainly Just because you buy into a franchise doesn’t mean you can sit back and relax!  You get out of it what you put in!!

Post: Franchises? ("We buy ugly houses")

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

Huge Team environment here and based on the fact that our territories aren’t franchise specific and entirely shared.   I’m in Columbus, OH with 4 other franchisees and our “territory” is the entirety of Columbus and all outlying counties.

Leads are divided by the amount of advertising you spend in a given month.  The more you spend, the larger the percentage of leads you get; pretty simple!

Let me know if that helped?  Happy to answer any additional questions you have.

Post: HomeVestors

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

Talk to as many franchisees around the country as you can.  It’s a great business model, but not the right option for everyone.  Happy to jump on a call if you want.

Post: Common bandit sign verbiage?

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165
Originally posted by @Egan Lohman:
depends on the purpose of the sign.

seller sign: WE BUY UGLY HOUSES ANY CONDITION $$CASH$$ GOOGLE VOICE PHONE #

Buyer sign: 3/1 CRAFTSMAN $99,945 CASH FIXER-UPPER OWNER DESPERATE GOOGLE VOICE PHONE #

or some variation along those lines.

I’m looking out for both you and HomeVestors so figured I’d post this link:

https://www.biggerpockets.com/forums/87/topics/30259-i-buy-ugly-houses

Post: Cheery Creek to Georgian Heights area

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165
I have a rental over there and wouldn’t think twice to add more If the numbers work.

Post: looking to connect in Columbus (OH) please

Jeffrey HotzPosted
  • Real Estate Professional
  • Dublin, OH
  • Posts 251
  • Votes 165

@Lior Reich Let’s chat