All Forum Posts by: Joseph Jones

Can anyone recommend any websites for quickly determining what homes rent for based on city, or zip codes? The few that I have tried want to capture your info for marketing purposes.

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Need some advice on what is considered an appealing "Cash on Cash ROI" to a buy and hold investor. I'm working on what could be my first deal since joining BP and I don't want to blow it because of not understanding what type of ROI landlords desire. The Wholesale calculator lets you insert the "Cash on Cash ROI" number and I'm curious to know what everyone feels that number should be and what should it be based on?

Thanks

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Outstanding! I'm so happy for you! I'm at that very same point in my career and it's high time that I join you!

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Originally posted by @Josselyne Lugo:

Josselyne,

Your words are actually what I needed to hear! I have been finding excuses not to just jump right in and get going. Okay, the excuses are all behind me now and I'm jumping in ready or not! Thank you!

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Josselyne,

Sadly, I'm still not off the ground yet! I did file my LLC paperwork today so I'm one more step closer to taking-off! The reason I was considering using a voicemail message instead of answering the calls myself is because I work full-time and it would be nightmare trying to juggle calls from work.

My promise still stands. I will share my results once I get started!

1 Vote

Originally posted by @William Johnson:

You have started a great discussion that affects a great many of us newbie wholesalers. I have not taken any calls thus far but something I saw on T.V. really gave me the approach I feel works for my personality. It was from the show named "The Profit" A car wholesaler was losing deal after deal and also paying too much for his inventory. To fix this situation, Marcus Lemonis introduced him to a system where he used a inspection process to locate defects in the car that would later be used to reduce the sellers asking price. Once the flaws were pointed out to the seller it made it easier to justify a lower sales price.

I mention this because real estate represents something of great value to most people! Taking the time to visit their property before starting the number crunching can go a long way in cementing the deal in my opinion!

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Originally posted by @Anthony Harris:

Anthony,

You have hit upon one of the things that concerns me as well. It has been my experience when selling a primary residence to expect the buyer to show their level of commitment with a reasonably large earnest money deposit like $1,000 or more. Anything less demonstrates to the seller a quick exit is possible. Now, keep in mind that I'm not suggesting that you pony-up that large of a deposit, but I'm also interested in learning what others have done and how they explain it to the seller.

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All Forum Posts by: Joseph Jones

Joseph Jones has started 7 posts and replied 32 times.

Post: Ready to Sale in Birmingham Metro Area

Post: Fultondale, AL SFR Wholesale Opportunity

Post: Landlord ROI question

Post: Best Websites for determining Home Rents

Post: Landlord ROI question

Post: No more excuses...First deal done!

Post: Voicemail Recording????

Post: Voicemail Recording????

Post: Script of telephone negotiation with seller today (Advice wanted)

Post: Earnest Money Deposit Negotiation Tips