All Forum Posts by: Hunter Kenihan

If it is a simple addition where the floor plan and the roof match up with the addition (rarely the case) you should be able to get it done for $110- $125/sq ft.

In Southern California I have not found Realtors that are willing to pay for leads but pretty much every Realtor will pay a referral fee if they sell a property as a result of your lead. The going rate appears to be 25% of the commission but hungrier agents will pay more.

I use a local virtual number from Ring Central and think it's better unless youre branding your 1-800 number. Ring Central is about $6 a month and you can get 1-800 numbers if you want.

I used to only put my first name in my yellow letters but was told by many of my prospects that they would never do business with someone that wouldn't put their last name in a letter. I have since changed.

Exactly what I was going to say.

I use Redfin in the field because my areas MLS doesn't work on my ipad. It doesn't have all the info but it has enough and the "Solds" section at the bottom is great for quick comps.

If she is really motivated I would not make an offer over the phone. Combined with the fact that youre new to this I would definitely go in person without saying a number over the phone.

I would set an appointment and bring 1) A business card 2) A Purchase Contract 3) An Authorization to Release Information and 4) Comps to Support Your Purchase Price

When you have lots of leads coming in you can start qualifying sellers more in depth over the phone but for now you need to experience of negotiating with sellers in person.

My HML generally does about 65% of Arv with 3 points (and a couple small fees) at 12.25% interest only.

Deals in LA at 70% of ARV less repairs are definitely possible, but not common. If you can get 75% youre usually doing pretty well.

Direct mail, internet marketing, driving for dollars and occasionally wholesalers (though 99.9% of the wholesalers "deals" are crap).

It really depends on your market. I'm in Los Angeles where it is extremely competitive to find deals and the profit per deal can be huge (over 100k). Every market is different and you really do have to closely monitor cost per deal.