All Forum Posts by: Walter Roby jr

@Rick Trevizo

@Eddie Egelston This graph is probably very specific to my market (Los Angeles). It conveys that investor's looking to flip in the higher end homes need bigger margins when the ARV gets north of $1M. Most of the investors that are looking for flips that appeal to most buyers in the $600k ARV range are willing to take profits of $45k (7.5%) as they play the volume game. That is an extremely low ROI for that range, hence the dip in the red.

The grey lines are poorly illustrated and don't convey meaningful equilibriums other than investor's need large profit margins to compensate for huge amounts of risk with a small buyer pool in the high end; and for investor's buying in the lower end with ARV about $200k are still looking to make $40-50k which is a lot higher than the 7.5% mentioned above.

@Rick Trevizo

Thought of this when speaking to a lot of investors both far and wide about their profit margins. I figured this would be the best way to explain 1000 words. What are your thoughts?

Welcome

Ask your local Title company or Closing Attorney in your state what they would expect from you.

Each person has their own channel that they favor. The marketing channel that works best is the one within your means that you can consistently execute without fail.

Ask the local Agents and Title companies who the big flippers are and partner with them to show you the ropes and steer you in the right direction.

Las Vegas is a great market. It depends on the effort or money you are willing to put up. Any market can be great depending on how you look at it. Some have more buyers than deals. Others have more deals than buyers. You just have to recognize the lay of the land and focus on the demand.

There is a lot of content on Youtube about these types of leads but most of them are tire kickers if you're looking for a great deal. If you're an agent, they may be good leads. If you're looking for a flip just be honest with what your'e looking for, the number you have in mind, and give them the offer and move on.

If they have interest or show wiggle room with your offer then proceed a little further but if they balk at the idea then don't waste your time. Keep the pipeline moving.