All Forum Posts by: Jonathan Guerrero

Yes I am still selling deals at the numbers mentioned above. Most cases we are aren't working with anyone who uses hard money. It just adds another set of hands in the pot, working with buyers who have their own funding (big dogs) eliminates an added cost to rehabbing (hard money) and allows them to pay more for the deal. Thus netting the wholesaler a higher fee.

Either way, me saying this does little to help you.

WATCH your market. WATCH what deals sell for, WATCH what they list for on the back end. Become an expert in your market and you'll get a good feel for what you can charge for a deal. The difference between a $5k and a $50k wholesale fee is who you sell the deal to. Those $50k fees are a rare thing these days but do still happen from time to time.

Happy hunting.

Thank you for responding Tim. My question is as a newbie how do I find these "big dogs"? Courthouse steps? How do I even approach them? Im still learning and getting ready to start my first mailing campaign.

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Originally posted by @Karen Margrave:

@Jonathan GuerreroCalifornia is a HUGE state, with many different markets, economies, etc. The market that is important for someone is the market you are working. Get to know everything about your market, and what makes sense.

The reality is that the coastal areas, and large cities in California have hot markets, the rest of the state, is still lagging behind, but beginning to see small increase in prices.

How is Bakersfield doing?

Bakersfield is doing well. Home prices are still rising but they are to remain somewhat stable. It's not as hot as LA or San Diego or any of the big cities. New Construction entry level homes are starting in the 200s. It's quite affordable for new home owners.

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Originally posted by @Matthew Nixon:

Originally posted by @Jonathan Guerrero:

Thanks man. I have a question. How do you determine your fee? I've heard these podcasts where they're getting 50k+ wholesale fees? How do you get a big spread and still leave enough meat on the bone for the investor? Is it just finding the right deal? It's unbelievable you can find such a deal.

That all depends on how motivated the seller is and how good of a deal you can negotiate. In the above scenario I would say you only have room to add on ~5-10k for your fee.

Michael Quarles is one of the best negotiators around. He's from your area so I'd definitely look him up.

Thanks for everything man.

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Originally posted by @Micah Copeland:

As a wholesaler I try and shoot for .65 minus repairs.

Thanks for your response. Who are you targeting?

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Originally posted by @Jeff S.:

Thanks for the responeTim Gordon was a guest on podcast 67. He mentioned he tries to find the buyer who would pay the most so he can get a higher fee. Some payed up to 80%. My purpose is to wholesale but I need to do my numbers like a rehabber then subtract my fee. I'd love to buy n hold but my focus now is to wholesale and maybe partner up in a rehab.

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So everyone knows CA has a hot market. What are wholesalers and rehabbers buying on the dollar? I just listened to Tim Gordon's podcast and he said his buyers are paying up to 80% of arv and that was about a year ago. What are you buying at?

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@Antonio Coleman thanks for the response. my plan is to start investing locally. No out of town deals yet. I want to learn my market and move on after some experience.

What would suggest on the website? Is a simple wordpress fine? And I'll do some more research on online marketing.

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@Brent Paul Thanks for the response. As of right now I have a lot of time to dedicate in RE. I would be able to answer the phone calls. However, that leads another question; what are some questions to ask the caller?

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All Forum Posts by: Jonathan Guerrero

Jonathan Guerrero has started 17 posts and replied 71 times.

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: How much are you buying on the dollar?

Post: 70% rule in CA? How much are you paying on the the dollar?

Post: Help on my first marketing Campaign

Post: Help on my first marketing Campaign