r/WholesalingHouses

I’ve been testing a repair-risk screening formula:

ARV × 90% − (repairs × 2) − wholesale fee = seller MAO

It becomes more conservative than the traditional 70% rule when repairs exceed 20% of ARV, but more aggressive on lighter rehabs.

I don’t consider any formula universal. Actual buyer underwriting still needs financing, holding costs, resale expenses, closing costs, contingency and required profit.

For active buyers and rehabbers:

• What minimum profit or margin do you require?
• How do you adjust for older properties?
• Which expenses do wholesalers most often forget?
• What information must be included before you’ll seriously review a deal?

I’m interested in how actual operators are underwriting

Have a potential lead and I’m wondering if I should trust the sellers word on the condition or get an inspection to estimate repair costs before getting it under contract. Or should I not even bother with getting someone to look at it?

I bought the AI Flipper system last week, and I am having massive issues with it. There are some serious bugs in the software.

It is hard to use, and there is no support for getting help. I am very tech-savvy; I have used many prospecting systems: Mojo Dialer, Smarter Contact, Property Leads, Ispeed to Lead, Propstream, Batch Leads, Propwire!!

I am being refused a refund AND being refused help to mitigate my problems and get the system running properly. I have been going back and forth thorugh email for days.

I simply want someone on the customer service team to reach out to me to facilitate either a call or a video chat to help me understand how to properly use the system OR to simply give me a refund.

I don't have time for this. This system cost me $1,000.00. I need to make money. This system is NOWHERE NEAR as plug-and-play as it is being made out to be!!

I have asked the rep I am emailing to try to help get me more help, to no avail. No calls, no nothing. Just unhelpful emails. I half think the rep is AI.

Called his customer service number. Received one missed call back, and not again. And I've left at least 3-4 voicemails.

I am a beginner wholesaler and thought this system would be simple to use like SmarterContact.

You pay, outreach begins, and you can start prospecting the same day. In the webinar, it says you can begin the same day!

This claim is not true at all, based on how the system works and how it is set up. And the tutorial videos that come with it are very basic.

I have never, ever used such an expensive system that had such terrible customer service and communication.

Would not recommend to ANYONE who doesn't just have $1,000 dollars laying around to try this.

I would not use this as a legitimate prospecting system.

I am super disappointed. I have been watching and following Jerry for close to a decade and had faith a product he put out would be top notch.

Trying to connect with more realtors, I’ve been doing direct to seller/buyer and want to add more channels to my marketing. I’m mainly in TX, AZ, CA, FL, GA, TN and IN but really open nationwide since I’m 100% virtual.

I talk to hundreds of buyers and sellers every single day and I’m doing high volume. A lot of the sellers we talk to don’t actually fit a cash offer, so instead of letting those go to waste we’d rather hand them off to a realtor as already booked listing appointments and you can pay us a small fee upfront or percentage of your commission. We also do alot of novations so we can have you involved there aswell.

If you have buyers looking for good off market deals, distressed sellers that need to sell yesterday (whether on or off market long as the deal makes sense for my buyers) or simply more listing appointments through our referrals, message me and let’s partner up!

Only reaching out to serious realtors who actually answer the phone and take action when there’s money on the table cause I noticed a pattern with most of the realtors I’ve tried reaching out to is that they just lack the motivation to even pick up the phone so if that’s you, please stay away from me lol. But if you’re hungry and want consistent deal flow, then let’s connect!

What’s the best meth you use to run comps? I’m having problems and I’m a month in. I got 3 deals already but got lucky to JV them… So I didn’t get to run comps and the buyer was a family member.

Are you guys using GoHighLevel or Smarter Contact for SMS blasting?

One of the things I ran into with GoHighLevel is the universal 150 to 200 messages a day limit per phone number to lower the chance of carriers flagging it.

It seems like there's not really any way to do that in GoHighLevel without manually splitting up your lists into separate automations, versus Smarter Contact, which does have the option to auto-rotate your numbers.

Unless I’m missing something, seems like Smarter Contact might be the better move. (Or any other provider recommendations appreciated!)