Monday, October 9, 2017

Analysis of Wholesale Deals This Week At Real Estate Investors of Virginia

Hello Everyone,

This week our guest speaker will be our friend and member, Frank Erhartic. Frank is going to lead a discussion on wholesale deals. We will do an analysis on these types of properties that you get from wholesalers to determine if it’s a good or bad deal. This meeting will also help new wholesalers determine what their sales price should be. 

We’re going to break it down in at least 2 categories. 

1. A rental could make a great rental at the right price but a terrible flip as it may not be in the right neighborhood. 

2. A flip that was intended to be a flip that didn’t sell and was turned into a rental as a plan B could be a very bad deal and not cash flow. Which is why we have different buying formulas depending on if you are using the property as a flip or a rental. 

Come on out... It will be an interesting meeting to learn the groups different perspectives on the topic. 

A primer on this topic is here: Don’t be a sucker and pay too much. That’s to both you investors and wholesalers. Wholesalers, if you are getting rich off some fool paying you too much for every deal, their empire will eventually collapse due to being over leveraged and you will have to continually find new buyers. Not a good way to do business by driving someone financially into the ground. You’re best off being on the up and up and treating your buyers well by using your negotiation tactics to get the right price so everyone can make a little money. 

We’ll see you there!


Post a Comment


Real Estate Investors of Virginia. Copyright 2009 All Rights Reserved