All Forum Posts by: Jacob Michal

So I have done three deals in my first 2 months of wholesaling and now it seems like super motivated leads are coming harder and harder to find in still setting appointments and giving offers on every appointment I have reversed engineered my first three deals they were all absentee owners with high equity and one was in ore forclosure so I’m only calling absentee owned with high equity and pre forclosure leads and have also been putting out bandit signs and started a direct mail campaign on a probate list. Any advice .? I’m going to just start pushing harder then every before and not give up because I know the buisness works if I work it right

@Christopher Davis Louisville Kentucky is a good market for rentals

@Drew Sommers hey drew I’m from Louisville message me with any questions .

@Paul Sandhu sorry for the irrelevant question. But is STR a short term residence.? Where you get a place and rent out different rooms

@Joel Kleyer I know this is besides the point but I’m a investor/wholesaler in the Louisville Kentucky area maybe we can meet up sometime and talk buisness!

Okay so I’d say 8/10 times I’m very accurate on running comps but then I’ll stumble along a situation that I have trouble finding the arv and was wondering if anyone could give me some insight to help me in these situations

1) there are no other comps in area sold with similar bed and bath

2) the house isn’t legally a 3/1 like the other comps but is the same sq ft range. Do I run these with the 3/1 or how would I do this

would I average out the sq ft sold for the other houses then times the average sq ft for this house and just add extra repair cost to converting it into the 3/1?

@Lydia T. I appreciate your viewpoint and honesty! I’ve been trying to network with other wholesalers as well

@Lydia T. Because realtors have connections sometimes you don’t and there’s more value to realtors then just maximizing a lot of people using realtors in wholesale deals. And that’s why I’m asking what contracts to use so that me and the realtor can both be ensured to get our money

Okay so I have been wanting to use a realtor to maximize my wholesale profits and I understand they add their fee on top of the price that I want but what contracts would I use with the realtor since I’m assigning the property using a assignment contract? Would I use a jv optional contract to sign with the realtor? Someone help please who’s been through this process I would greatly appreciate it.

@Kevin Allen could do Airbnb’s by Churchill