No.5 - July 29th, 2023 - @Juliancastleofficial

Post of the week:

I’m 15. My mom and I are trying to get our first wholesale deal…

Someone posted that in the group here

Our group responded with a banger:

Don’t be discouraged (…) It’s super inspiring to see your heart wanting to help your mom! That’s worth more than 7 million in holdings.

When running numbers
Arv (3 good comparables that sold within last 30-60 days/within 1-2 miles) take the average of the three.
Example: 260,000 – 285,000 – 320,000. Arv= 288,333
Multiply 288,333 (.70)
201,833 - repairs

For good estimated repairs try
35-55 per sqft for a light repair.
85-110 sqft for a medium -heavy repair.
Let’s say sqft is 1,450.
1,450 x 55 = 79,000
-5k to 10k assignment.

Mao (max allowable offer) is 110-115k

God bless yalls family.

What do you think? Check out the post here

Podcast of the week:

Exciting Podcast of the Week!

Let's meet Monick Halm this week. She's amazing!

Monick made a group called Real Estate Investor Goddesses. She wants to make a million women rich with real estate. Wow!

She's been working in real estate for 16 years. She deals with all kinds of properties, like big apartment buildings and mobile home parks. Cool, right?

Now, she and her husband Peter Halm buy industrial sale-leasebacks. In the last three years, they sold 2000 rentals and real estate worth $300 million. That's huge!

Listen to this podcast, you'll learn lots:

1. How Monick moved from being a lawyer to a real estate investor. What a change!

2. What are industrial sale-leasebacks? Monick will tell us!

3. The three things she wants in a partner: Good character, strong commitment, and big capacity.

Don't miss this exciting talk!

Watch the video podcast here!

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