Saturday Quick Tip -- How To Comp A Newly Remodeled Home | Astroflipping Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 31 August 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline podcast (Astroflipping Edition), Jamil Damji joins you to help you start your weekend the most productive way possible.
Show notes -- in these episodes we cover:
- Tips to level up your wholesaling business.
- Motivation to keep you going on your real estate journey.
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☎️ Welcome to Wholesale Hotline & Astro Flipping breakout🚀👨🚀🚀👨🚀! ☎️
Jamil has been in real estate since 2002, since then he mastered the art of Wholesaling Real Estate. He successfully built KeyGlee, which is now a National Franchise with over 100+ employees, spanning 180 US markets.
Jamil also runs a mentorship called Astro Flipping where he mentors and educates hundreds of entrepreneurs on how they can be successful in their own Wholesaling business.
He is also the host/star of his own TV show on a nationwide television network, A&E. Triple Digit Flip showcases Jamil, his sister Rahima, best friend Pace, and their real estate agent Laura wholesaling and flipping houses all over Arizona.
Jamil is also the co-host of the fastest growing podcast on Wholesale Real estate called “Wholesale Hotline.” Additionally, he started his own podcast called “To the Moon” where he highlights student success. Above all things listed about Jamil, his mission in life is to impact as many lives as possible, and share the knowledge he has with those that have a desire to learn.
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🚀 Learn from Jamil 🚀
🧑🚀 IG: https://www.instagram.com/jdamji/
🧑🚀 Facebook: https://www.facebook.com/jamil.damji
🧑🚀 Dive into Jamil's Mentorship: https://go.astroflipping.com/1-case-study?utm_source=youtube&utm_medium=organic
🧑🚀 Book a call with my Astro team: https://go.astroflipping.com/schedule?utm_source=youtube&utm_medium=organic
🧑🚀 YouTube Channel: https://www.youtube.com/channel/UCDqJP0mZNOSR9JiIRE02NxQ
🧑🚀 Tune in to Wholesale Hotline live on my YouTube every Monday 5pm MST
🧑🚀 My AWESOME Dispo Company: https://www.keyglee.com/
🧑🚀 JOIN KEYGLEE FRANCHISE: https://my.keygleefranchise.com
🧑🚀 7 day FREE trail with 5,000 FREE property records: https://batchleads.io/jamil
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🔌 PLUG IN & SUBSCRIBE 🔌
🔸 Jamil’s YouTube: https://www.youtube.com/c/JamilDamji/
🔹 Jamil’s IG: https://www.instagram.com/jdamji/
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🤝 #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 🤝
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You are listening to an astro-flipping breakout with me, Jamil Damge, on the Wholesale Hotline podcast. |
| 0:08.0 | We want to know how we are doing. |
| 0:09.4 | So give us a rating and leave us a review. |
| 0:13.4 | 809. |
| 0:15.3 | Jeff Coat. |
| 0:17.0 | Jeff, the name, coat, all one word as if he were wearing him street and a pub I don't even want to say it. Thank you. Let's keep moving. A popka. A popka floor. Okay. Thank you. All right. Yeah, no worries. All right. So just let's take a look at this though. You know, something points points itself out to me right out the gate. This is a remodeled home. Okay. We've got an upgraded kitchen. You've got upgraded flooring, upgraded tile in the bathroom, barn doors. I mean, they've renovated this house. This is not likely to be a wholesale deal, just saying, even though the seller is motivated, you're not going to get this at a distressed price because it's not in distressed condition. |
| 1:00.1 | Now, they're asking $3.25 for this. |
| 1:03.1 | Let's see what the ARV is. |
| 1:05.9 | Not everything can be a deal. |
| 1:08.3 | Just keep that in mind. |
| 1:09.9 | So 339, you got an 1180. It's a little smaller. 2001 built. |
| 1:15.1 | We're a 61 built, so that's not going to work. Let's check out this 320. That's a 2001 built. Let's go to this guy over here. And these are 90s over here. So these aren't going to work. Let's check this three. Wow. Wow. So we know we're a little |
| 1:32.4 | over 300 because this 61 build is a 900 square footer, but how much more over 300? We now have |
| 1:39.6 | to start digging. So I know we're over 300, but how much more? And now all of these other comps here, |
| 1:45.6 | they're all going to be problematic for us because none of these are older like ours. |
| 1:51.6 | So with this 300 sale and us being listed at 325, that just tells me our ARV is 325. They're listed |
| 1:59.6 | at ARV. You know,. They're listed at ARV. |
| 2:04.0 | You know, like they're listed at ARV. |
| 2:06.8 | So there's, in my opinion, there's no wholesale deal here. |
| 2:09.3 | There's probably not an opportunity for a wholesale deal here. |
| 2:11.8 | This is a retail transaction. |
| 2:15.2 | Maybe a retail buyer can, you know, right at 300. But I don't think in good conscience you offer these people a cash offer on a whole. |
... |
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