What's Working?

What's Working?

Hello All,
Just wanted to do a little survey about what is working and Where it is working.I Live in Chester County Pa. Was wondering what is working for everyone is Wholesaling working for you is Lease options working for you are bandit signs working or Probates or expired listings working for you let us all know what is working and where.

Thanks Jay C

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Jay C


Let me tell you what is

Let me tell you what is working for me, I have put out Bandit signs I am getting alot of calls, My Bandit signs state "We Buy Houses" Local Investor call xxxxx, Or "Local Investor" Needs Houses call xxxx It seems that people are trying to Sell but are not willing to negotiate a price or they are asking more than the house is worth. Now,as i run comps threw Deans Real Estate Analysis and Proptrend or Realquest I average out a comp then I'll call my realator and have him run comps so after i get a good comp on the house I will subtract 40% 30 for my wholsaling and 10 for my return, then I would take a look at the property and then subtract work needed to fix up That Would be my offer! Is this working for Anyone or am I looking at this wrong. Feedback Please!
Jay C

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Jay C


When You Start Subtracting

When You Start Subtracting for work that needs to be done to the house are you looking to upgrade a house to todays modern house or are you looking to do the basics for a rental Property What are Investors looking for on there return?
Jay C

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Jay C


60% of arv

Mostly 60% of arv.

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I will never give up on anything I do!!!


Explain

Explain What You mean by that
Jay C

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Jay C


Try this

ARV X 50% - REPAIRS
ARV X 60% - REPAIRS

Then subtract the total amount you want to offer. I normally subtract 10K - 15K and that will play on my profit if I get an offer from another investor. Blessings to all. LA

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Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


Thanks

Thanks for comments but what is acctually working for all BG Members?

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Jay C


what???

Just thought i would bring this back up to see what everyone is doing and what is working for ya?

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Jay C