All Forum Posts by: John Gusto

sorry for the confusion I was logged in under my sister’s account! 

@Keddrick Agu-Udemba that's awesome! Definitely going to look into that! Thank you!

Thanks so much everyone!

@Joe Prillaman  I’ve heard a lot of people use Podio. I haven’t actually checked it out because funds are tight right now and I assumed there’s a monthly subscription to using it, but I’m definitely interested in It!

@Keddrick Agu-Udemba I’ve never heard of mojo dialed but that sounds extremely convenient. Do others like Podio have features like that?

@Patrick Jackson That would be awesome! I might actually take you up on that! Thank you so much.

@David Lee Hall, III that sounds like a good way to stay efficient and organized. I think I am going to look into Podio as it seems to be the majority favorite. Mojo dialer also sounds interesting.

@Camile Case oh that’s right! I have heard of MailChimp before, but I didn’t realize it’s free.

What about the processes that you guys use to keep your other data organized? Like data that you get from the county? Is there a certain procedure you implement upon receiving that data? 

I’d be really interested in hearing some of the processes and procedures in general that you all utilize to stay afloat and organized as well? 

Hi everyone, I’m new to wholesaling, and I’m having trouble keeping the data that I pull from the county organized as well as keeping track of the notes of the sellers I speak to. I’ve been using Excel, but it’s starting to get messy. I know others use a CRM, but I’m still working on getting my first deal. 

Any suggestions on process and procedures that help keep you organized in your wholesaling business? What helped you stay organized when you first started out?

Thanks everyone!

@Ken R. this was all so helpful. Exactly what I was looking for. Thank you again!

@Ken R. Thank you for such a throughout break down! I was able to work your example using some of my own numbers and was able to follow each step. I do have a couple of questions though:

-Should the debt service expense include taxes and insurance? Or is that included in the the 40% expenses? 

For my expenses I included water, electrical (for common areas), property management, capital expenditures, vacancy rate and maintenance. 

Thanks again for the detailed explanation!

Hello everyone my name is John and I'd like to get into wholesaling. I've been doing a lot of research and spoke to a couple of buy and hold investors in my area. One of them mentioned that he typically looks for a 15% Cash on Cash return. My question is, how would I calculate the CoC return wholesaling a duplex? Properties are typically bought cash so the amount of money the investor is putting down (plus repairs) is higher than someone who is financing, so the CoC would be a lot lower. How would I calculate that 15% CoC return? Also, would I use the current numbers the house is renting for or what it would be generating all fixed up? Any advice is greatly appreciated!