All Forum Posts by: Joe Cleaver

It all depends on what I determine as the ARV. Currently in Dallas, it is near impossible to find a deal yielding more than 20-25% gross return. So as long as I can get it to an investor below 80%, I know I have a good chance of getting it moved.

Like I hinted at before, I don't really worry about if they are going to accept or not, I'm off to the next one. If they do come back and accept, awesome, if not, no sweat.

The key is making sure that your contract is structured in a way that gives you the time you need, but also makes the seller feel like a winner. Typically dropping a few hundred dollars for a 3-5 day option so that you can verify the repairs before putting EM down allows you to get out with minimal loss if it turns out a dud.

PM me and we can talk some more!

 Hey Scott,

Our company wholesales anywhere from 10-15 listed properties each month from the MLS, about 40% of our business. The biggest thing with these properties is figuring out what number works for you and making an offer. If you're worried about offending the agent, then you are going to miss out on potential deals. Structured the correct way, many cash offers with quick closes are much more enticing than people think. Depending on the amount of transactional funding (or buyers network) you have available, you'll have to limit yourself to a few offers at a time until you are able to put out 10+ offers a week without fretting about all of them getting accepted. Once you have calculated your numbers and made an offer, start searching for the next. If another deal comes up while you're waiting, make another offer! A bird in the hand... No need to keep chasing the same deal for months at a time! (especially as a wholesaler)