All Forum Posts by: Michael Gee

Hi everyone! I wanted to get some input from people about how they split their marketing costs, profits and how they handle it amongst their REI team. Right now, there are three of us who want to run a wholesale business but there is confusion with how we want to divide up the work. Here is the scenario:

Three team members who want to wholesale properties virtually.  One is a boots on the ground and the other two do the marketing with one paying for the marketing and the other is answering the phones and processing the leads.  

Is this fair to say that after a deal closes, the boots on the ground guy gets 50% for signing contracts with seller, finding the buyer and closing the deal and the other two get 25% each for the marketing and processing leads?  I am not sure how to work the numbers with this so I am curious to know how other BP'ers have it set up with their team.  Thanks for reading and have a great day!  

Thank you all for the info and help!

Hi everyone

I have a quick question about advertising a house on how many bedrooms you have. Are non-conforming bedrooms still technically a bedroom and can it be advertised as a bedroom? For example, a basement with a room with no door and labeling that a bedroom with the rest of the house, but as a non-conforming room. Does anyone have any thoughts about this? Thanks for reading.

Great advice Anson Young thanks

Thanks for the info Anson Young For the buy n holders who are just looking for a rental property, would the numbers be adjusted?

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Thanks for clearing that up Paul Danieli

Thanks Paul Danieli Are retail buyers the same as owner occupied buyers?

Hi everyone, I have a general newbie question about wholesaling or finding deals in a hot market. I know that the general (ARV x .70 less repairs) formula doesn't necessarily work in a hot selling market like Denver or any hot market for that matter. With that being the case, do investors adjust what they consider deals in their area? I hear that as long as people get at least 80% off of market value of a house in a hot market that is a deal to them. Does anyone have any thoughts about numbers in a fast selling market? Thanks for reading!

Thank you @jscott and @Jynell Berkshire for the input!