All Forum Posts by: Jake Bryant

Hello, my name is Jake Bryant. I am from Texas. I am looking to collect hard data for which hot market cities. So, I can start by marketing in a specific location. How can I improve my research and find hot market cities for wholesaling? 

So far I pulled list source and prop stream. I have been mailing postcards and still have not got leads. Changed the plan- I set up a cold calling by hiring VA and I keep mailing postcards every week. It got so frustrated me so even I saw people got their first deal. It became more doubt in my mind, but I keep my head up.

Marketing 

500 postcards per week 

Added 

Cold Calling 50-200 sellers per day 

Any feedback. What did I miss or wrong way I did do? Appreciate your listening.

I am new at this wholesaling business. I am not familiar with a type of offer. Should I send an offer with an assignment contract or first make an offer to the seller? If make an offer, what's look like? How to tell them in properly? Let me know!

Thanks!

@Marc Desrosiers

ARV:160k

Hello, I am reaching out because I had difficulty calculated the ARV and MAO. I found the seller through Facebook for a sale by the owner and invited me to walk through the property. She wants to sell the property at 164k. There are a lot of works on the property that I saw at the house. It would be a full gut rehab. An estimated rehab costs 60k-100k. I wanted to make an offer to the seller, but that offer would be no good for them. That was my concern about it.

Make an offer 

I found the comps via properstream , Zillow, and relator

ARV-160,000 * .7- 70k (rehab cost) -10k (assignment fee)= 27k (MAO)

Isn't it make sense? Any feedback or make comments that would be helpful!

It is my first offer.  

Thanks!

Good Morning from Texas. I am Jake Bryant. I have some issues with what I calculated the ARV/MAO. The seller wants to sell it out immediately so they can move to a different state for a new chapter. They purchased a 204,500 dollars for SFR included three bedrooms and 2.5 bathrooms in 2017, become unemployed, and could not afford to pay the house.

ARV-Estimated 233000

Purchase Price- Estimated 208000

Repairs Cost- Not much since the house rehabbed 

Closing cost-estimate 1500

Wholesale Profit- range 5000-10000 dollars  

233000 * .85 is 198050. It seemed lower than what they purchased it. What alternative solution or strategy for them? I know they want to cash out immediately. Please give me feedback. Thank you so much in advance. 

I look forward to hearing from you.

Jake Bryant 

Hello, My name is Jake Bryant. I hope you stay healthy. I am going to get a Real Estate license. I am unsure which school gets me through the completion of 180 hours in Texas. I found Real Estate School, and they can provide a self-pace class online. It called Champions School of Real Estate. Have you heard of it? Anybody can bring up a comment? 

@Matt Crusinberry- Thank you for your comment. I appreciate it. How can I find a mail carrier? Don't you mind share with me?

Hello, my name is Jake Bryant. I hope you are doing well and stay healthy. I am building my business plan for REI. How excited I look forward to helping people in solving problems. One thing I stuck on an issue about Driving for Dollars. I am planning to hire someone to do driving around the town and build a list of vacant houses. How much would you pay, and how would be work if they get paid based on an hourly rate, commission, and flat rate? Please help me out. Comment here if it would be a bigger helpful. Thank you in advance! We appreciate your time.

@Joe Villeneuve, Thank you for your comment. Do you have an example of the listing