Real Estate Investing | Finding Your Wholesaling Sweet Spot – Landgrab Genius

Real Estate Investing | Finding Your Wholesaling Sweet Spot

Posted on May 30, 2017 By

Hey wassup guys John Cochran here and today is System Saturday the day that I bring you a system that I use in my business that you can rip off duplicate using your own local market now this weekend is very very special it’s Memorial Day weekend so as you can see here I’m at a memorial here in Dayton Ohio and while this weekend whenever you’re out with your friends and your family grilling out are doing that we’re doing I always want you to remember what it’s all about and all the people that gave their lives for us so that we can have the ultimate freedom that we have today so on today system Saturday what we’re going to do is we’re going to talk a little bit more about sweet spot some gonna take you out to a property in Trotwood Ohio so let’s go take a look at it so last week what I did was I showed you and I went into the MLS to show you how to go through and identify your real estate sweet spot so going back to that video our real estate sweet spot in our area is three bedrooms two baths homes that are seventeen hundred square foot that the that they’re going to be selling right around a hundred and sixteen thousand dollars that is what the perfect scenario where we need to be buying properties at but if you noticed you actually have two different sweet spot in and we have two different sweet spot in your gonna have two different sweet spot You’re gonna have one area like to 3 bed 2 bath 1700 square foot for the hundred sixteen thousand that is your area that is a sweet spot number one of where you need to be pre having and rehabing properties that because that’s where on all the the middle class people are buying properties at getting loans up for okay now this second sweet but they’re gonna notice that you have is another one and not like we’re like I said we’re here in Trotwood right now this is another sweet spot that we have but these prices are nowhere close to the hundred sixteen thousand are marked now in the Dayton and Trotwood area there’s a lotta units sold where you can tell that in our area the average price of these homes is thirty five thousand dollars what they sell for so what that tells me is that these properties you cannot prehab them you cannot rehab them because there is no spread their that is not where the masses of people are buying properties that there’s just no spread their you can’t buy a property for five thousand dollars put ten thousand dollars into it and then hope that a buyer’s going to come in and occurs most banks 21 finance you at thirty five thousand dollars they they want to hire purchase price for that so these properties and best particular sweet spots we spot number two are definitely identified into the hood in you have to wholesale those deals off so the numbers don’t lie the numbers will tell you exactly what to do your sweet spot 3 bed 2 bath 1700 square foot for a hundred sixteen thousand that’s where everybody’s buying properties at BAM! that’s exactly where you need to be prehabing rehabing the sweet spot anything drastically lower you’re identifying as the hood that sweet spot number two you have to wholesale in those areas because there’s no way they’re going to be able to prehab or rehab in ever be able to put those properties and get your money out of em so always go through and wholesale deals that are in the hood cuz you cannot prehab or rehab you will lose money on it guaranteed subscribe to the channel: comment on this System Saturday and have a great Memorial Day I’m out see you guys

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