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All Forum Posts by: Jonathan Martin

Jonathan Martin has started 4 posts and replied 41 times.

Post: Wholesale Real Estate

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Everett Munroe You can youtube Sean Terry or Max Maxwell. Go though their videos. They will put you on the right track.

Post: List scrubbing- Recently Sold

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Matthew Nicklin I use propstream. They have a list automator add-on feature. You can import list and then use the filters to remove properties that has been recently sold. 

Post: Does anyone have any wholesaling advice/tips?

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@jared hettler Are you a title or attorney state? Typically the earnest money will be sent when you have a contract between you and seller. I also try to have the buyer lined up so I can send both contracts at the same time. This way you can have the buyer front the earnest money. Tip: I typically offer seller 43-53% of zillow zestimate. I price it 58-63% of zillow zestimate to end buyer. If zillow does not have an zestimate I use the 70% rule.

Post: wholesale real estate

Jonathan MartinPosted
  • Posts 41
  • Votes 17

Post: wholesale real estate

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Kyle Cromwell-shorter I found my first deal D4D. I drove around in my backyard and another neighborhood close by. I used Propstream to find vacant properties in the 2 cities I focused on. I had the D4D app to send postcards. I was on the trial period when I found these properties. So it cost me nothing. I don't think working with a agent right now is necessary.

Post: wholesale real estate

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Kyle Cromwell-shorter Why do you need a agent to wholesale? And if you looking for agent you can go into BP network and find a agent.

Post: 18 and Wholesaling

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Quinton Huntley Hey Quinton you can use the 70% rule (look it up on BP) if you not familiar or use a Sean Terry tip figure out the ARV and offer seller 43-53% of ARV. Your price to buyer would be 58-63%. Once you get it under contract post it on BP marketplace, FB marketplace, or Craigslist. If it's a good deal you will have no problem finding a buyer.

Post: Stern sellers, should I meet with them?

Jonathan MartinPosted
  • Posts 41
  • Votes 17

@Akilah Clark Know your numbers and stick to them. Give them a price range that make sense to make it a good deal. If its not a deal you have to walk away. Circle back around in a couple weeks if it's still listed. 

@Mark Ainley Cook, Kane, and Dupage.

@Mark Ainley I'm looking for recommendations of small banks or credit unions that has great products for investors.  I'm looking to do a house hacking on a multifamily. Thanks!