How do you determine the value of the properties to know your highest bid? This is for structure. Is it the assessed value or the total appraisal value or improvement appraisal?
For someone who would prefer to wholesale pretty much all of their deals, what would an average profit margin be on a Single Family Home in decent condition? (I know id be leaving money on the table but id prefer to see an roi as quickly as possible instead of putting in more for rehab).
Hi Stephen and Shade, I’ve been watching a ton of your videos and signed up for your monthly package. I’ve been showering this video to nail down if you mean to base the max bid % ranges on the assessed value or my comp-value that I figure out? So for example I am looking at bidding on a property now that is assessed at 14k but seems to be worth round 25-30k. Should I have my max bid of 20% be based on 14k or 25k?
Hello, its great to have you as a member. When using the Max Bid approach, we are going to use the Market Value to base our high bid amount. So, if the property is Assessed at 14K, but its market value is 25K - then we would base our bid on the Market Value. Hopefully this answers you questions, and feel free to email us as a member of the program if you have any other questions. Thanks, Stephen
That is correct - we always want to get it as low as we can! What we try to answer in this video is how high can you go and still be profitable. Thanks again for watching!
I think I want to learn more about OTC
How do you determine the value of the properties to know your highest bid? This is for structure. Is it the assessed value or the total appraisal value or improvement appraisal?
Good deal
I learned a lot from this!
I'm almost ready to move on my first auction soon!
Hi there
Right on! Good luck with your first sale... It can be a lot of fun!
For me the hardest part is seeing exactly what the land is that is being sold.
Thanks for the great video!
Glad you liked it! Thanks for watching and commenting...
I know how to do basic property search. The quit claim has been seen on some of the properties. I don't quite understand.
For someone who would prefer to wholesale pretty much all of their deals, what would an average profit margin be on a Single Family Home in decent condition?
(I know id be leaving money on the table but id prefer to see an roi as quickly as possible instead of putting in more for rehab).
Hi Stephen and Shade, I’ve been watching a ton of your videos and signed up for your monthly package. I’ve been showering this video to nail down if you mean to base the max bid % ranges on the assessed value or my comp-value that I figure out? So for example I am looking at bidding on a property now that is assessed at 14k but seems to be worth round 25-30k. Should I have my max bid of 20% be based on 14k or 25k?
Hello, its great to have you as a member. When using the Max Bid approach, we are going to use the Market Value to base our high bid amount. So, if the property is Assessed at 14K, but its market value is 25K - then we would base our bid on the Market Value. Hopefully this answers you questions, and feel free to email us as a member of the program if you have any other questions. Thanks, Stephen
The least high you could get the bid
Thanks, please help (let) me get a deed.
That is correct - we always want to get it as low as we can! What we try to answer in this video is how high can you go and still be profitable. Thanks again for watching!
@@taxsalesecrets but eventually get one