Placeholder Image

Subtitles section Play video

  • List this at forty-one thousand dollars I did not listed with that, thirty-nine nine

  • can this anymore worst? I'm just sayin planes, buses, cars

  • John can't talk can this get any worst?

  • (Background voices)

  • I did everything myself in here,

  • that is not how you do the business

  • and that right there is a house that I have already flipped as well

  • and I already know that I can flip this house to a buyer on my buyers list I got a strong

  • buyers list in this area

  • Hey whats up guys John Cochran here and today is System Saturday, the day that I

  • could bring you a system that I use in my business you can rip off duplicate using

  • your

  • own local market now if you have never been one in my live events yet why not I only

  • delivered to you my entire blue print and give you a chance

  • to qualify for a five hundred thousand dollar line of credit

  • to do all your deals with, now as you know I'll do

  • anything to sell a house and I mean anything but I don't care what you do to

  • sell a house you have to price it right

  • so on today's System Saturday i'm gonna show you how we price our property

  • in order to sell in seven days or less

  • Ok, the very first thing you need to do is you need to find out what

  • this property is going to sell for retail

  • the best way to do that is to do a search of all the comparable home that have sold

  • within a quarter-mile away from this subject property

  • that have sold with the highest price that they have sold for

  • that is comparable to this property if what the retail price, so as soon as you found out what the

  • retail price is going to be then you need to know what your extra charges is gonna be

  • If you're going to wholesale

  • if your exit strategy is to whole sale the property it's very very simple

  • you're going to be listing this property fifty percent

  • off of retail so you have that retail figure, you need to

  • price if you're gonna whole sale to another investor you gonna leave a skin on a game for them to

  • make money on so the percentage as you have to price it

  • 50% off of retail and if I was gonna do on this property

  • you divide thirty-nine nine

  • so that's wholesale now if your gonna prehab this property to where

  • you're going to do a very very light rehab on it where

  • you are going to be making it a rental ready for the buyer

  • not doing a full rehab you're going to be pricing this

  • knowing your retail value your going to be pricing it 10% - 15% off

  • of that price so on this particular one obviously

  • the retail prices is around eighty thousand dollars 0

  • if you're gonna prehab it just like we did and put eigth thousand dollars or less in it

  • you need to reprice it 10 -15% off

  • that retail price: so that was prehabbing

  • Now if you're going to be listing your property retail

  • This is the formula that you're going to use, clearly you already know what the other properties are

  • or selling for retail however retail

  • what we always do if we don't want to set on the market

  • reprice it at ninety-five percent on the retail value can prices as high as 100% or even

  • over

  • but the longer you the higher you prices the more

  • gonna sit on the market so we as reprice our retailed home

  • 99 percent of the valie. so in this property we decided to pre have it

  • so I whenever your price in a properly the other thing you look at

  • is pricing it very sexy I won't easily

  • don't look with just one could have It could prices In to the law 70'

  • the sexy party is 6099 coz it sound a lot cheaper

  • Go for system Saturday dot com I'm out guys.... Peace

List this at forty-one thousand dollars I did not listed with that, thirty-nine nine

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it