All Forum Posts by: Jaelyn Whisler

Welcome to BP, Larry (:

Glad to see another Maryland investor on here. I'm located in the PG County area if you ever want to get connected and see what's out here. Especially since part of your portfolio are rentals, PG County is a really good look to expand your business.

And because we have sought after homes for investors we do have some of the hottest markets along with Baltimore and DC to get involved with wholesaling. 

Plenty deals to go around with the growing competition here.

Again… Welcome (:

It'd be a good idea to attend some local REIAs to get more information about the best markets to invest in if you're seeking a good source of cashflow.

Some off the top of my head is the DC REIA and the PG County REIA if you're curious about the PG County market area as well.

That's just a couple to look into if that's what you'd prefer. It's always good to have a community of people in your back pocket who'd be willing to give you experienced second opinions and good feedback for your questions.

Okay, great. Well one way to do it is to send them all out at once. Just make sure that you market to that same list another wave of direct mail about 4-6 more times. Whichever you prefer. In the BP Blogs here it's suggested that you "touch" each seller at least 7 times so for a better call back rate.

Depends on how you choose to budget how much you can spend on the mailouts at one time

Very inspirational post...

Everyone on BP should read this.

Lol... Didn't read that right. Should be $130k and IRR should be 12.9%. It's still typically a good IRR. But keep in mind the buyer will take the expenses into consideration.

Depends on the other expenses that come with the house. But typically yes... 

If she's willing to sell for only $125k:

Initial Rate of Return - before taking repair costs and other expenses (PITI, management, etc.) into consideration of the purchase price

IRR = (12 x 1400) / 125,000

IRR = 13.44%

Even though that's a good number for the initial rate of return, a smart investor is going to take the expenses into consideration in order to determine whether or not it would be a good Return On Investment. But that all depends on the buyer and their preferences, the way they finance their deals, how much they'll want to do on the repairs, and etc.

@Don CuffyNo Problem.

You have just found a motivated seller, my friend (:

The best way to answer those questions however is through communications with the owner. Build up a good, trusting relationship when you talk with them so that they understand that although you'll be making money off of the deal you're still looking out for their best interests and finding solutions.

@Pearline HardyThanks !! That was great. I really appreciate. And no worries about any typos haha. 

Great tips here... I gotta go find that book (: