Southern California guy new to virtual wholesaling

Southern California guy new to virtual wholesaling

Investor · Oxnard, CA · Member since 2014 · 438 posts · 187 votes

I used to think that Virtual Assistants (VAs) were only for investors who were already doing a lot of deals and needed to expand their team.

I used to think that out of state “virtual wholesaling” was only for experienced investors who were dominating their market and wanted to expand.

But now, I’m starting to realize that VAs are a great resource for any investor, especially those who are still working a 9 to 5 and don’t have a whole lot of time to do everything themselves. And success in virtual wholesaling does not appear to be based entirely on your experience/expertise, but finding a partner in the area that is already doing some deals and is looking to ramp up their volume. I’ve only closed one in Oklahoma and four in Michigan so far, but it seems to be a lot more feasible than continuing to look for deals here in Southern Cali, like we have for the past few years. These checks are nowhere near the size of the one from the one flip we did out here, but once I continue to put the proper systems in place, I’m hoping to find consistent success with virtual wholesaling and then hopefully expand from there. Hopefully this post is encouraging to anyone else who may be in a strong seller’s market and may not have a lot of time, but a little bit of money to spend on marketing. Best of luck to everyone out there.

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  • Investor · Los Angeles, CA · Member since 2016 · 9 posts · 5 votes
    5y

    This is awesome - Congrats on the success! I’m based in SoCal as well and just started investing in OKC. Would love to pick your brain on your lead generation techniques! 

  • Investor · Bethel, ME · Member since 2013 · 126 posts · 52 votes
    5y

    @Cornelius Charles

    Good advise. How are you finding your out of state deals? What’s your arrangement with the local wholesalers?

  • Cornelius CharlesPro Member
    OP
    Investor · Oxnard, CA · Member since 2014 · 438 posts · 187 votes
    5y

    @Brendan Yaffe

    Honestly, it's only cold calling right now. I would like to expand into other forms of marketing, but want to get the cold calling system a little more squared away first and make sure that's producing a decent ROI.

  • Cornelius CharlesPro Member
    OP
    Investor · Oxnard, CA · Member since 2014 · 438 posts · 187 votes
    5y

    @Scott Bottomley

    Through cold calling. What do you mean by arrangement? I hire VAs, manage them, do the marketing, and update the CRM. The partner calls the leads that the VA produces, meets with them, gets the property under contract, and then sells to one of their buyers. We then split the profits either 50/50 after my marketing expenses or 60/40 not including marketing expenses.

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