All Forum Posts by: Kyle Williams-johnson

@BrentPaul I am looking to do retail flips.

Thanks @kellumlewis Someone mentioned a $/sq. ft. rule sorry i'm just trying to make sense of all this.

A wholesaler came to me with a great deal from what the numbers say. I  have 15 comps, but still have trouble determining the best possible after repair value. Someone please help.

@Brian Gibbons

 I just got really lucky, and had a great conversation with Brian about a deal I'm trying to close. Originally I tried to wholesale the deal all cash, but now I have built up quite some knowledge of lease options, in only a simple 30 minute conversation. 

There are plenty of ways to do deals instead of making low ball cash offers. You can construct terms, and Brian taught me that. He also mentioned he charged $7,000 annually to have him as a mentor, with NO deal splits. 

God works in mysterious ways thank you Brian. Anybody who is struggling wholesaling right now, please consult with Brian and his team to learn different types of offers, alternatives, and solutions you can provide for sellers. 

Great conversation, and advice I look forward to doing business with you!

Hello I originally tried to wholesale a property for $36,000 in a great rental market that could sell for $75,000. This was an all cash deal, but someone told me I should consider a lease purchase. Then somebody told me about a guru that knows how to wholesale lease purchases, by the name of Joe McCall.

If someone could briefly describe what step I should take next, and what type of deal I should structure it would be greatly appreciated. 

Ex. Should I sign a lease option agreement with a seller then assign a fee to the end buyer.

@jonkeeney okay I am actually trying to become a realtor's unlicensed assistant now, so hopefully they'll let me become one, so I can have access to the MLS.

Hi I'm looking to get into flips, but I don't have access to the MLS to determine the DOM on the wholesale deals I see. Is there a website/method that helps me determine the DOM, and values in a given market?

@Randy E.

Wow okay that made so much sense to me. I'll consider that as well thanks Randy!

Thanks the area isn't really much of a "hot spot", but the numbers work, and it isn't in bad shape at all. It would need $15-$20K in renovations, and updates (cosmetics, updates, landscaping, A/C). Its a great rental with flip potential. The area is good too. I have 3 comps my highest coming at $119K,  so in this instance I could be overestimating the repairs, and underestimating its value..I really don't know at this point.