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Updated about 7 years ago, 08/22/2017

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7,340
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10,044
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Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,044
Votes |
7,340
Posts

Episode 231 - Ethical Wholesaling with Brett Snodgrass

Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

Wholesaling is a hot topic on BiggerPockets - with very passionate views on both sides. 

Today's guest is Brett Snodgrass, a successful wholesaler out of Indiana who shares his methods and strategies. 

Listen to Episode 231 and hear Brett walk Josh and Brandon through their “first deal” at wholesaling real estate.

User Stats

79
Posts
29
Votes
Rene Montelongo
  • Houston, TX
29
Votes |
79
Posts
Rene Montelongo
  • Houston, TX
Replied

Great podcast! Way to go keeping things simple.

User Stats

397
Posts
1,005
Votes
Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
1,005
Votes |
397
Posts
Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
Replied

Excellent podcast. I really like the discussion about being ethical and avoiding any of the misunderstandings that wholesaling can often bring.

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User Stats

688
Posts
367
Votes
Elbert D.
Pro Member
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
367
Votes |
688
Posts
Elbert D.
Pro Member
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
Replied

As a wholesaler I definitely agree with Brett. Congrats for being on the podcast and clearing some things up.

  • Elbert D.
  • User Stats

    10,010
    Posts
    4,826
    Votes
    Andrew Syrios
    Pro Member
    • Residential Real Estate Investor
    • Kansas City, MO
    4,826
    Votes |
    10,010
    Posts
    Andrew Syrios
    Pro Member
    • Residential Real Estate Investor
    • Kansas City, MO
    ModeratorReplied

    This is a good topic, we do need to mind our own shop. There are more real estate scammers out there than I would prefer.

    User Stats

    530
    Posts
    421
    Votes
    Bill Goodland
    • Rental Property Investor
    • Allentown PA, United States
    421
    Votes |
    530
    Posts
    Bill Goodland
    • Rental Property Investor
    • Allentown PA, United States
    Replied

    Great episode. Nice to hear the other side of wholesaling where somebody agrees that a double close is a much more honest and up front way making money off motivated sellers.

    User Stats

    2,030
    Posts
    3,308
    Votes
    Anthony Gayden
    Pro Member
    • Rental Property Investor
    • Omaha, NE
    3,308
    Votes |
    2,030
    Posts
    Anthony Gayden
    Pro Member
    • Rental Property Investor
    • Omaha, NE
    Replied

    Mindy Jensen

    I just listened to this yesterday while working out at the gym and I really liked it.

    I started doing a lot of marketing so that I could get off market buy and hold deals here in Omaha and have come across deals I could possibly wholesale. I had avoided wholesaling because of the shadiness and questionable legality, but now am considering doing it using hard money and the double close.

  • Anthony Gayden
  • Podcast Guest on Show #21
  • User Stats

    86
    Posts
    39
    Votes
    Mike Snyder
    • Seminole, FL
    39
    Votes |
    86
    Posts
    Mike Snyder
    • Seminole, FL
    Replied

    @Brett Snodgrass that was an awesome and inspiring podcast. This will be one of the main ones I pass on to others who ask what Bigger Pockets is. 

    Thank you!

    User Stats

    17
    Posts
    10
    Votes
    Julie Kaley
    • Residential Real Estate Broker
    • Ripon, CA
    10
    Votes |
    17
    Posts
    Julie Kaley
    • Residential Real Estate Broker
    • Ripon, CA
    Replied

    Great podcast if I was a wholesaler I would like to do it this way too.

    User Stats

    631
    Posts
    186
    Votes
    Tom Keith
    • Investor
    • Longview, TX
    186
    Votes |
    631
    Posts
    Tom Keith
    • Investor
    • Longview, TX
    Replied

    I enjoyed the podcast with Brett Snodgrass.  I actually listened to it a second time to make sure I heard everything.  Great topic and speaker!

    User Stats

    188
    Posts
    79
    Votes
    Michael Evans
    • General Contractor
    • Palm Desert, CA
    79
    Votes |
    188
    Posts
    Michael Evans
    • General Contractor
    • Palm Desert, CA
    Replied

    I liked the idea of sticking to "The One Thing" and not being all over the place with your business

    User Stats

    62
    Posts
    11
    Votes
    Alexis Guini
    Pro Member
    • Doral, FL
    11
    Votes |
    62
    Posts
    Alexis Guini
    Pro Member
    • Doral, FL
    Replied

    @BrettSnodgrass shared valuable information about wholesaling and most import how to do it ethically. This is a show to listing it more than once

  • Alexis Guini
  • User Stats

    58
    Posts
    30
    Votes
    Shelly Doris Milburn
    • Property Manager
    • De Soto, KS
    30
    Votes |
    58
    Posts
    Shelly Doris Milburn
    • Property Manager
    • De Soto, KS
    Replied

    I learned a lot on this one. Wholesaling was very unclear to me previously. Loved the quote he shared about taking care to not be successful at the wrong thing or at something that doesn't matter.

    I also really appreciated his honesty about how he made some wrong turns in life that landed him in a place where he had to find a way out. The beginning of every story is not magical but can be inspirational. His story is a great example of that.

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    User Stats

    1,730
    Posts
    1,511
    Votes
    Jason Hirko
    Pro Member
    • Lender
    • San Antonio, TX
    1,511
    Votes |
    1,730
    Posts
    Jason Hirko
    Pro Member
    • Lender
    • San Antonio, TX
    Replied

    Excellent podcast - The ethical way is the most effective way!

  • Jason Hirko
  • User Stats

    145
    Posts
    68
    Votes
    Rod Joseph
    • Rental Property Investor
    • Alpharetta, Georgia (GA)
    68
    Votes |
    145
    Posts
    Rod Joseph
    • Rental Property Investor
    • Alpharetta, Georgia (GA)
    Replied

    Yes, I agree.  I am starting to market for my next property.  I like the option of closing on the property and reselling it.  That seems to be a more viable option.

    User Stats

    39
    Posts
    14
    Votes
    Jeromy Boutte
    • Specialist
    • New Iberia/Youngsville/Lafayette, LA
    14
    Votes |
    39
    Posts
    Jeromy Boutte
    • Specialist
    • New Iberia/Youngsville/Lafayette, LA
    Replied

    Great podcast! Very informative and inspirational! I have no doubt you will succeed in your Ministry and continue to bless people! Continued blessings to you and your family✝️

    User Stats

    88
    Posts
    21
    Votes
    Eric Moore
    • Lender
    • San Antonio, TX
    21
    Votes |
    88
    Posts
    Eric Moore
    • Lender
    • San Antonio, TX
    Replied

    Great podcast with some awesome advice!

    User Stats

    45
    Posts
    9
    Votes
    Ron Healy
    • Investor
    • Anchorage, AK
    9
    Votes |
    45
    Posts
    Ron Healy
    • Investor
    • Anchorage, AK
    Replied

    Great podcast.  Loved it!

    User Stats

    2,041
    Posts
    601
    Votes
    Brett Snodgrass
    • Investor
    • Indianapolis, IN
    601
    Votes |
    2,041
    Posts
    Brett Snodgrass
    • Investor
    • Indianapolis, IN
    Replied

    @Ron Healy @Eric Moore @Jeromy Boutte @Rod Joseph @Jason Hirko @Shelly Doris Milburn @Alexis Guini @Michael Evans @Tom Keith @Julie Kaley @Mike Snyder

    Thank you all so much for the feedback, This Podcast was so much fun, and loved providing my experience, and if it helps anyone out there, our purpose of "Bringing Opportunity" is met.  Thank you so much, God Bless!

    Brett

    User Stats

    1
    Posts
    0
    Votes
    Marlon Jones
    • Munster, IN
    0
    Votes |
    1
    Posts
    Marlon Jones
    • Munster, IN
    Replied

    This was exactly what I needed to hear! Excellent podcast. Thank you

    User Stats

    21
    Posts
    9
    Votes
    John Knight
    • Flipper
    • Bridgeport, CT
    9
    Votes |
    21
    Posts
    John Knight
    • Flipper
    • Bridgeport, CT
    Replied

    @ Brett Snodgrass great podcast! I agree with the double close and would love to do that. But how do buy 25 deals a month that takes a lot of cash.. are you using private money or just getting it at such a deep discount hard money works for you?

    User Stats

    272
    Posts
    76
    Votes
    Manuel Angeles
    • Real Estate Broker
    • Los Angeles, CA
    76
    Votes |
    272
    Posts
    Manuel Angeles
    • Real Estate Broker
    • Los Angeles, CA
    Replied

    Great post, definitely learn a lot of tecniques that I can use in my Business. And I am sure many others can too