All Forum Posts by: Jaccob Heath

How many buyers should I have on my buyers list before I start marketing for motivated sellers?

I have approximately 15 or so, is that enough? 

Are bandit signs great for attracting cash buyers? What would they need to say?

I appreciate the help guys!

I thought here in Washington you can go to the court house and purchase a tax lien against a propert. I also believe that washington has an 18% return rate, which is really good. I could be wrong though...

Honestly,  I'd settle for 20k, and give an extra 20k to the seller or buyer. It's better business lol

Sounds like a good deal to me. The numbers add up. But the seller might be a little upset when they find out you are making 40k off their house, so I'd advise a double close. 

Need more info, 

But personally 40k is a really high assignment fee, and I think is being a little greedy. The seller might be pissed. 

Only way around that is to hide what you are making by doing a double close (double escrow) same thing. Just have to find a title company that will allow you to use the buyers funds... either that or use a hard money loan. Also with double close you pay twice in closing fees

When you start marketing the property, be sure to give your repair estimate and comparable sales in the area

yes. Try to find a house within a mile of the subject property. Get recent information on the house (within 3 months) and try to find a home that is similar size and bedroom wise, but has been updated and remodeled.  

Hope that helped (: 

Best of luck!

Do your comps around the neighborhood to find the approximate ARV (after repair value) once you have that then figure out how much the rehab cost will be to the end buyer. The end buyer is going to want these! The end buyer will also only pay 65 to 70% of the arv.

So, (arv)(.7)-repairs=what you want to sell for assignment fee (your profit) = MAX offer.

So, if the arv is 100k, and needs 10k of repairs. 

(100k)(.7)-10k=60k (what buyer will pay) - 5k assignment fee=55k max offer. 

Really though, hit Dev up, he is awesome!