All Forum Posts by: Risto M.

Hi Bp!

As a newbie, I want to make sure I'm doing this right. I want to become a reputable wholesale, not like the one mention in "The Truth about Wholesaling" topic

My first question is about the formula I commonly see in books, forums, blogs, ect. ARV x 70% - Repairs = MAO (Max Allowable Offer) Why 70%? Is this 70% rule written in stone? If i had a deal that was 75% of the ARV, would my deal be rejected by every buyer I bring it to? What about estimating the quite cost (holding cost, closing cost, ect)? Is that something that i have to do, or does the buyer do that on their own?

My 2nd question is about wholesaling to the 'Buy and Hold' investor. They're mainly focused on the NOI and ROI right? Buyers get there funds from different places, so the loan payment (if any) varies. So how do I determine the NOI?

Way to go David! Good luck, and lets us know how your yellow letter campaign goes

Welcome to BP Alexander. Im 23 too but still a newbie when it comes to investing. Its very motivational to see someone my age doing deals like that. Thanks for sharing

Hello Jon. I've been seeing quite a few DFW members here. Maybe one day Ill have the pleasure of working with some of them

Thanks for the tip Mike! Ill definitely be sharing my experiences with the community.

James. Is it necessary to do that with an attorney or will a written agreement just between us will do?

Thanks Joel!

We're both going to handle the work load of wholesaling and just split the profits. Using that money to fund our goals

Hi Everyone!

BP has become one of my main resource for learning anything about real estate. So first, let me just thank you (I cant just say one name because I've read 100+ posts). So far all my questions have been answered by doing a simple search in the forums. I love this site!

I don't have any experience in REI, but that will soon change in the months to come. Im starting a business with a friend and we're planing on get our start in wholesaling. Ultimately, my goal is generate passive income through rental property, whereas my friend goal is to build his wealth in flip/rehab. We decided to work together and help each other reach our financial goals. Working in DFW area, currently we're still in the research phase (Finding our target market, creating a marketing plan, ect..)

What I like most about this business is that Im doing more than just gaining bigger pockets (pun intended). Im helping others reach there financial goals by bringing deals to investors, and helping people out of their financial troubles. I have along way to go to reach my financial goals. To get there, im going to follow that famous Zig Ziglar quote “You can get everything in life you want, if you help enough other people get what they want.”

@JerryPuckett How are you doing sir? You seen to know alot about marketing and I was wondering if you could help a fellow Texan out.

I've been looking at using Google apps and ZoHo together and was wondering if you could explain how you set everything up.

I notice you said youre only paying $80/year for web hosting and everything else is free, but how can I utilized Google and Zoho for internet marketing for free?

I appreciate any help/tips you can gave.

Thanks
Risto

Im working on building a system/database for managing contacts, leads, ect.

I was wondering if anybody use Insightly or ZoHo CRM and wouldnt mind sharing what they like most about it. Insightly seems to be the most popular, but while reading the features I didnt see anything about marketing automation or website integration (both offered in ZoHo). Can anybody clarify?

Im completely new to real estate investing and im just looking for a way to stay organize and efficient.

Risto Mcintosh