Estimating repairs is a subject that sometimes paralyzes many investors – and it shouldn’t!
While it certainly is an important part of the deal-making process, estimating repairs to determine the best possible offer on your deals will be a snap once you get the hang of it.
To help you, today, we’re going to break down and follow the methodology that Cam Dunlap presents at his training events because let me tell you… it works!
One of the keys to this simple but powerful methodology is what we call the “Condition Multiplier Method” when estimating repairs which categorizes the houses
It happens to most of us when we finally muster up the courage to call motivated sellers…
Your knees get weak.
Your palms get sweaty.
And don’t even get me started about the ball in the back of your throat and your voice cracking!
The majority of real estate investors share one common trait: fear of calling motivated sellers.
I’ll bet you a kangaroo you’ve had one.. two.. or all of these thoughts running through your mind:
- What if they ask me a question to which I don’t know the answer?
- How do I convince them to sell me their house
Data reliance is ultra-prevalent in today’s Real Estate Investing (REI) industry. We, as investors, use databases to find sellers, buyers and lenders alike and some have, unfortunately, come to rely on the MLS and on sites like Zillow to find it. Data is critical to our marketing efforts and to find new deals.
But, not all data is created equal!
Plenty of companies will sell you data, but not all data is accurate, precise, and complete. And “BAD” data can cost you…big time.
Let’s explore the reasons data integrity is one of the primary keys to
I’m back with another Deal Maker Interview!
I recently sat down with Mike, who’s one of our no fee funding clients, to learn how he took an average $10K deal and turned it into a $53K profit on one deal! As you’ll see, he took me by quite a happy surprise!
This is Mike’s first deal using our NO FEE transactional funding and we couldn’t be more proud of him!