All Forum Posts by: Jeremy Davis

 Wow, a LOT has happened since this last post. LOL

Alyssa, feel free to find me on facebook and let's connect. Same goes for anyone else out there in the Utah Real Estate world. 

Honestly, I was skeptical as well before joining, but honest to God, it really is an incredible mentorship. Imagine what Pace puts out to the public on his youtube channel, and multiply that by 1000x for his students. I'm proud to be part of this Subto cult ;) 

Pace, just checking in, seeing how you've done in the business.... I heard you may have got a deal or two ;)

There is no ARV in this situation, as the price of the build, and more importantly, the NEIGHBORHOOD, will dictate the price. If it's in a rich area, the sky is the limit, but if it's in a low to average area, you will need to price out complete builds in the past 12 months, and see what developers are getting in at.

Hope that helps

You're right, 75 REAL leads is a significant enough amount to raise flags, that perhaps that neighborhood is not the best to invest in. HOWEVER, a lot of new wholesalers that begin D4D will mark down ANY address with even a hint of distress. Overgrown grass is not a sign of motivation, but it's still enough of a sign to write down the address. A distressed, abandoned property in Beverly Hills will be MUCH more apparent than a home in the ghetto. There are some neighborhoods I drive through that I would swear the entire community is abandoned. 

Give him some time, that 75 lead list will begin to condense and concentrate into better results.

Sorry Simon, I don't mean to be the white-knight here, but your comment seems pretty negative and discouraging. For a person expressing himself publicly that he is proud of what he is accomplishing, you shouldn't point out his errors, especially that you don't know if they are even errors to begin with.

Wholesaling is NOT for people that don't have money to invest, wholesaling is creating a marketing business to generate and create the ability to find and secure discounted properties, that at that point, can either be assigned, or invested in personally. Why would I want to pay someone else to hunt down a distressed property, when I have the money myself to market and do it myself and thus increase my spread and return?

"Wholesaling", because it is a marketing business that can be as easy as knocking on a door, allows for someone to start from nothing, and grow slowly. At the same time, it also allows a person to start strong and grow even stronger in REI.

However, If I misread your comment, I apologize.

Just because the house may not look distressed from the outside, doesn't mean it may not be destroyed on the inside. Her motivation may make the entire deal worth it...

Hey BP,

As the title says, I was approached by a 17 year old, asking if he could bird-dog and drive for dollars for us. First off, this marketing strategy I haven't touched on a "professional" level, but secondly, if using a D4D type app, how does the pay structure work for hired drivers, and would hiring a minor be any different?

Of course this probably becomes more of a "state law" type question, but thought I would dip my toes in the forum before I contact a labor attorney.

Thanks!

@Jacob Delano I live right down the street!

That being said, I wouldnt bank on successfully renting it out by the room. That area is more considered Murray in my opinion, and not enough demand for college or younger people that want to rent a room. If you were sugarhouse, avenues etc, youd have a better chance, but usually only college kids or "not so reliable" adults rent rooms. If you were to rent a room with other strangers, would you choose Murray?

It's not impossible for it to work, it w pi told just be a lot of management and higher than average vacancy percentage

@Alex Huhn

I will say to watch out for the Salt Lake REIA meetups. They are a reoccurring meeting autogenerated by the site, and its scheduled at a restaurant that closed down over a year ago.

How do I know? My first time trying network. I sat outside the empty building trying to contact the organizers and was never responded to. I joined the UTAH REIA instead and have been very happy with that choice ever since