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29 January 2025 | 2 replies
Do you not have your $7K share to close?
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9 January 2025 | 0 replies
Hello Guys,As someone who’s built sales funnels for marketing agencies, I’ve been diving into strategies that could work specifically for wholesalers—and I wanted to share a few ideas that might help you streamline your lead generation and close more deals.3 Proven Funnel Strategies for Wholesalers:* Capture Leads with a Targeted Landing PageSkip the generic “Contact Us” pages!
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23 January 2025 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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4 February 2025 | 7 replies
Hi, I'm closing on my first STR in April a 3 Bed/3 Bath property.
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31 January 2025 | 0 replies
Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.
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29 January 2025 | 8 replies
The husband follows my husband around, and the wife closely trails me throughout the house.
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18 January 2025 | 11 replies
There a handful that can do lower than 620 at 50% LTV, however the rate will be very high My current score is around 670-680.
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30 January 2025 | 4 replies
In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.
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17 January 2025 | 20 replies
Lower risk all the way around.
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27 January 2025 | 1 reply
Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.