All Forum Posts by: Marilyn H.

Hi Ruben-

Thanks for your interest. I’ll be sure to contact you soon.

Marilyn

HD is my go to place for paint. I love Behr and always go for the next best, whatever they call it.

Anyway, I understand your frustration. I had to repaint entire rooms in one house bc the paint I tried to match at HD didn't match exactly. I've found that exact matching rarely happens. 

If you think the sales person made a mistake or was inept or whatever, try another one. Usually there's at least one person at the paint desk who is really good. Sometimes I just lurk and eavesdrop on another customers conversation to tell who knows what they're talking about. I'm the stalker in the paint department! Lol!

Behr is good paint. Maybe you should reconsider your HD ban. I hope your paint experiences improve. We've probably all had at least one bad one. Give it another go. And best of luck.

Thanks to both of you for your perspectives and advice. Basically I just wondered if there is a standard formula — something similar to the MAO formula that rehabbers use. I didn't want to be reinventing the wheel.

Before posting I had been reading about how to figure ROI, rent ratios, cap rates, and cash on cash. So I was hopeful that the formula, if there is one, would be simple. I was on math overload.

I know about comps and ARVs. I also know about negotiation and horse sense. My dad was a broker and flipper before it was a thing. He taught me well.

So I was just wondering if there was something else I needed to know that I hadn’t come across yet that would give me some additional confidence. But I’m doing okay. The investor community here is large and supportive.

And James wholesaling is not illegal here. I always represent myself as an investor. It is also legal in your state of Ohio. The workshop I attended that got me started was presented by an investor from Cincinnati. I’ve also been to events by an investor from Florida. I guess I’ve just had better experiences regarding wholesaling than you. That’s too bad. I often work with an agent here who helps find me buyers. It’s a good deal for both of us.

Regards 

Marilyn 

I'm looking for investors interested in SFR and duplexes in the Columbia, SC area. Also any local real estate agents who are willing to work with investors. I'm a wholesaler and need investors to sell to. Thanks!

I've jumped right into wholesaling with some success, but now I find myself in a situation that I don't know how to handle: I have the opportunity to wholesale some SFR and some duplexes. They are turnkey and tenant occupied. I can use the comps, of course, to figure ARV, but does that really help me? What formula (if there is one) do investors use for this type of property? Not MAO, I would think, but what?

I want to be able to offer a fair price to the seller and a good deal to the buyer while making some money myself, but I'm not sure how to proceed. I know the rent amounts and property tax, but not sure how those numbers figure in.

Any help is appreciated. BTW, if the math gets too complicated, my brain freezes, so please let this be something simple to comprehend and figure.

Thanks!

I would love some advice on content. What I've seen so far is all over the place in terms of length, content, language, tone, etc. My gut tells me to go shorter with not too much detail and to stay away from trite phrases, e.g. "Fair Price with Fast Closing!" But I don't know, maybe that works.

I've been hand writing addresses and my signature. 

Thanks to both of you for the advice. I need to revisit my first few lists. I'm starting to see how this marketing can get huge fast. I've done 2 deals so far. My goal is to close 2 a week.

I'm hoping a methodical marketing campaign will go a long way toward getting me there.

I have a question: I just started wholesaling 2 months ago and I have been using an aggressive direct mail campaign. I have read that you pick up most of your deals on repeat mailing. So how often should I repeat to a mailing list? Once a month? Once a week? Same letter/different letter? Then when do I stop? After 5 attempts, 10? Or do I just keep mailing for all eternity? 

Hi Matt --

If you haven't already, please consider joining UCREIA, the local real estate investing group. You can find the website to check it out, and then come to the July meeting as a guest for $20. I just joined in February and have found it well worth the investment of time and money by taking advantage of the educational opportunities and attending focus groups to learn more and make connections. 

Hope to see you at the meeting Monday night.

Regards,

Marilyn