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Real Estate Investment Opportunities - FasterHouse Team

Meet our team of experienced real estate professionals specializing in traditional, hard money lending, wholesale sales, and more. Join us at our upcoming happy hour event to network with like-minded investors and learn from industry experts. Explore our trusted vendors for title services, insurance, roofing, and more.

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Real Estate Investment Opportunities - FasterHouse Team

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  1. Our Team - Buyers Corey Boyles 573.819.4687 Dusty Sanders 636.262.4418 Phillip Vincent 314.537.7445 Sam Primm 636.312.2656

  2. Our Team - Hard Money Lending Arielle Morris Suzanne Hunn 636-223-4262

  3. Our Team - Traditional RE Matthew Becker 636-485-3585 Matthew@MagnoliaRealEstateSTL.com

  4. Our Team - Wholesale Sales Dennis Montgomery 636-697-6622 Dennis@FasterDeals.com

  5. 101 Constance Ct 63074 2 Bed 1 Bath 888 SqFt Estimated Rent: $950 Estimated Repairs $30k Estimated ARV $99k Asking: $49,900

  6. 3570 Boswell Ave 63114 2 Bed 1.5 Bath 1,104 SqFt Estimated Rent: $1,050 Estimated Repairs $30k Estimated ARV $120k Asking: $59,900

  7. Happy Hour When: April 25th | 4pm – 6pm Where: Syberg’s @ Dorsett Cost: Free – Pay for food and drinks No agenda – come out and meet other like-minded real estate junkies!

  8. Trusted Vendors • What is a Trusted Vendor • Companies or Individuals We Use • Part of our Extended Team • People that Understand RE Investors

  9. These Trusted Vendors can be found anytime at: FasterHouseBuyersClub.com

  10. Trusted Vendor - Title Company Tara Smith 314-768-9641

  11. Trusted Vendor - Executive Coach Mike Kitko Executive Coach 636-288-0008 mskitko@gmail.com

  12. Trusted Vendor - Insurance for Rentals John Mica Insurance Agent 636-946-5050 JMica@ShelterInsurance.com

  13. Trusted Vendor - Insurance for Flips Melodie Smith and Ryan Mica Commercial Insurance Agents 636-946-6133 Melodie@LindenwoodAgency.comRyan@LindenwoodAgency.com

  14. Trusted Vendor - Roofing & Siding Shaun & Sandy Wright 636-462-4608 AngleRidgeRemodeling@yahoo.com

  15. Trusted Vendor - Kitchen & Bath Cabinets Patrick Vincent 314-680-7467 FlippingSTL.com

  16. Trusted Vendor - Call Service David Cruise 800-347-9296 Sales@CallPorter.com

  17. Trusted Vendor - Direct Mail/Marketing 10% Discount www.FasterHouse.com/DirectMail Ryan Dixon 636.519.8320

  18. Next Month’s Speaker Suzanne Hunn More Money… ...Less Problems

  19. FasterHouse “A Peek Behind the Flipping Curtain” 4/18/19

  20. Questions???

  21. Who is this dude? Sam Primm FasterHouse Manages marketing and acquisitions for the flipping team. WAP Properties Partner with Lucas Walls. Own and manage 90 rental doors. 40 apartment units and 50 SFRs.

  22. FasterHouse Snapshot • Founded by Bryan Schroeder and Jim Stiegemeier in 2002 at Ginghams • Bought over 1,000 houses in the last 10 years • Bought 143 houses is 2018 with a goal to buy 170 houses this year • Made up of 14 team members • Owned and managed by Bryan Schroeder, Sam Primm and Lucas Walls • Spend almost $200,000 a year in marketing! • Own over 350 rental doors, separately, throughout the whole office

  23. Goal of Presentation To introduce you to how FasterHouse operates and to give you access to our team. We want to help you wherever you are in your business. Agenda- -Introductions -Flipping Funnel -4 Case studies- 3 wholesales and 1 rehab -Questions

  24. Who is the flipping team? Buyers- Dispositions- Marketing-

  25. Who is the flipping team? Operations/ Finance- Office staff- Accounting-

  26. Flipping Funnel Facebook Properties In Wholesalers Direct Mail Real Estate Agents Senior Networking Bird Dogs SEO Adwords Other Wholesale Clean and List Rehab and List Properties Out Cherry Pick Rentals Cherry Pick Rehabs

  27. Case Studies-What are we going to cover? • Marketing-What source provided lead? • Appointments and Negotiating- 4 deals (1 each buyer) • Exit Strategy Decision- Wholesale or Rehab • Execution- • Wholesale strategy • Rehab cost and plan • Recap of numbers

  28. Purchase Formula After Repair Value x Discount Percentage – Repair Costs =Offer Discount Percentage = 70% - 80% (Depending on the area) $100,000 x .75 - $25,000 = $50,000 offer We try and buy less than 80% so we can wholesale at that number

  29. Case Study # 1- Gibralter 1122 Gibraltar Point Dr, St. Charles, MO 63304

  30. Marketing- Search Engine Optimization “sell my house st louis as is”

  31. Appointment Buyer- Phillip Vincent How did walk through go? Why did they want to sell “as is”? Issue with the house or the seller?

  32. Case Study # 1- Gibralter

  33. Case Study # 1- Gibralter

  34. Case Study # 1- Gibralter

  35. Case Study # 1- Gibralter

  36. Negotiation Why you offer on the spot? Describe any negotiations/ competition? Why do you think we won the deal? Advice or take away from the negotiations?

  37. Offer $270,000 x .775 – $35,000 = $174,250 Offer $175,136 Plan to wholesale because of busy crews and don’t rehab as heavy in Summer/ Fall Phil’s style- Offer at appointment

  38. Recap- Wholesale Bought for- $175,136 Shopped for- $194,900 Sold for- $189,000 Gross Profit- $12,655.84

  39. Before/ After

  40. Before/ After

  41. Before/ After

  42. Questions???

  43. Case Study # 2- St. Joseph 2125 St. Joseph St, Florissant, MO, 63033

  44. Marketing- Unknown Equity Mailer Graphic Connections

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