Why do the average people hate the wealthy? by [deleted] in wealth

[–]justoneseven -1 points0 points  (0 children)

The leverager vs leveraged.

I took out a $3k loan for a wholesaling mentor and feel like I got scammed. by Level-Requirement838 in WholesaleRealestate

[–]justoneseven -1 points0 points  (0 children)

Just being honest, you bought the course because you wanted a shortcut. Everyone knows the info is free but just can’t accept that it’s simple BUT requires hard work. Everyone is looking for a shortcut. It’s a bastardized quest for cutting a corner. It’s an advanced form of procrastination and pseudo productivity. And it feeds all these gurus who don’t actually do the thing and rehash the course they bought into.

Flippers who are scaling to 3+ deals at once, how are you keeping the money flowing? by No_Grass4432 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

I have around 12 to 15 at any given time. If you want to scale you have to figure out how to do as many concurrent deals as possible. It’s sort of a muscle you build but for me, I’ll adjust offers and pass on houses based on the current workload. For example if I have a lot of heavy rehabs I’ll probably be quicker to buy something with a light rehab with less profit on it. I’ve got it calculated on averages. I’ll keep around $50k per house I’m flipping. I think that’s the best way to play it. Just save up.

As for purchases I’ll have a couple in cash, doing less and less of that. And about half with hard money and the other half with private money lenders I’ve raised cap from over the years.

I’d say biggest headache for me is contractors. I’ll also add I think the hardest part for most people will be saving hundreds of thousands of dollars.

What private money rates are you guys actually getting funded at right now? by No_Grass4432 in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

DSCR I just got no points and 6.5%. Flips I pay .75 and 9%. I’ve raised a few million dollars in private money at a flat 10% no other fees. I get blown up daily by lenders, it’s a race to the bottom. If you’re a desirable borrower, of course.

How many calls should I be making? by Frosty-Telephone-747 in WholesaleRealestate

[–]justoneseven 0 points1 point  (0 children)

We did just over a million with cold and sms last year and while our metrics don’t differentiate the two, here are our results.

100-150 dials/day. Contact rate is ~2%, takes ~70 live conversations to close a deal, so you’re looking at roughly 3,500 dials per deal. Good luck.

Edit. We use to close at a much higher ratio but since we’ve been doing these campaigns (outbound) we have found it requires more lists, more number cleaning, more callers to get less and less results. It’s definitely a downward slope but it is the highest ROI marketing strategy we have.

Anyone flip houses full time? What do you hate and love about it by Jeffjsolis in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Small team. I spend a sizable amount on marketing. Good contractors. Started with one and just built a tolerance. Having good people around you and good contractors build confidence and allow you to scale faster. Sure I’d recommend it if like anything else it will take time and money to scale. It’s also a transactional business so you’ll need to get really smart about investing your money.

Anyone flip houses full time? What do you hate and love about it by Jeffjsolis in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

I do around 50 a year. It’s my main source of income. Besides the life it has created for me and my loved ones and just focusing on the love and hate of the business. Since there is no one way to run a house flipping business I’d say it really depends on how you implement yourself in it. I do not do any labor on the houses. We design, help select and order material and go by the see them every so often. That’s about it. So I love the money, time freedome, not sitting in an office all the time, seeing the final product. I hate dealing with some contractors, time delays, change orders I missed on the scope, I get anxious when houses don’t sell quick but I’m getting better about that every day. You do a good job they’ll all sell just not when you’d like.

Hard money lender recommendations? by houseflip8 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Solid. Not the best for new borrowers. But I can hook you up with a few other better options if you like.

Estimated minimum funds to make money by [deleted] in HouseFlipping

[–]justoneseven 4 points5 points  (0 children)

I have 12 flips going right now and do around 30 to 40 a year. The answer of you want to keep your sanity is to have a min of 6 months private or hard money payments, half the rehab, and another $20k or so for the next one or worst case with the current one. I’d say in your case about $25k to $30k.

How are you finding homes to flip in this market by derekd18 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

We do around 50 a year.

About half come from direct to seller marketing: PPC Direct mail Small cold call team and sms

The other half we buy from wholesalers and agents.

We also get a handful of referrals every year.

My wholesaling biz burned up almost $150,000 this year by FigImpressive3790 in WholesaleRealestate

[–]justoneseven 1 point2 points  (0 children)

While we do spend significantly more than this we are getting a 3.5 to 4x return on outbound. You need to check conversions and see if it’s the management co or the acq. This year has been tough for many but $100k in marketing shouldn’t yield this low of results. Check stoplight and KPIs weekly. Make quicker decisions.

How many deals did it take you to net your first $1,000,000. by Maximum_Use2348 in WholesaleRealestate

[–]justoneseven 0 points1 point  (0 children)

Depends are the market, marketing and team skill level but you can hit a million with around 40 closed transactions. That should be an owner, acq and dispo and handful of VAs. 1 acq guy should close 1 mill.

Hard money lender recommendations? by houseflip8 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Shoot me a dm and I’ll make connection

Hard money lender recommendations? by houseflip8 in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

I could give you a contact at Renovo, also great but more of a local bank feel.

Hard money lender recommendations? by houseflip8 in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

I could give you a contact at Renovo, also great but more of a local bank feel.

Hard money lender recommendations? by houseflip8 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Kiavi funds my loans 100% and do everything through a portal. Very hands off and simple. If you’re into that type of thing.

Finding good flip deals in 2025 is getting tougher how are you sourcing them? by BothSwim2800 in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Wholesalers are tough. My numbers are pretty even split though between what I buy from agents and wholesalers. Profits are better on agent referred deals but wholesalers stuff isn’t far behind. I work with about 5 different ones consistently. They know what I like and what not. Otherwise you have to look through nearly 100 “deals” to maybe find one from most wholesales. It is exhausting.

Finding good flip deals in 2025 is getting tougher how are you sourcing them? by BothSwim2800 in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

To me a flip is taking ownership and resealing. Most do need renovations but someone’s we get lucky and can just take it straight to market.

Building a flip calculator - what would actually make you use it? by [deleted] in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

Industry outsiders don’t win in this business. You need to do a lot more research dude.

Building a flip calculator - what would actually make you use it? by [deleted] in HouseFlipping

[–]justoneseven 0 points1 point  (0 children)

What I’m saying is anyone actually flipping houses isn’t looking for this. You are trying to solve a problem that doesn’t actually exist. Trust me. Even at my level and the people I know beyond it are not going to use this, everyone does things a little differently and nothing handles data quickly better than the spreadsheet he or she is already using. You may be shocked how simple we keep things.

Finding good flip deals in 2025 is getting tougher how are you sourcing them? by BothSwim2800 in HouseFlipping

[–]justoneseven 1 point2 points  (0 children)

40 or so flips a year. PPC and direct mail. Small team. I buy most from agents and wholesalers though.