Where are YOU Wholesaling and HOW is it going, Check In Here!

[Tim G.]

Thought it would be nice to see who is wholesaling (closing deals) and where they are doing business. Even if you're new chime in, just let us know what stage you're in on getting things done. 

My company operates out of San Diego and does deals in most of Southern California. 80% of the business is in San Diego though. Using direct mail, web and referral for our source of deals. Closing on average 2-3 a month as long as we're consistent on marketing. 

Closed two last week, one for $25,000 and one for $2,500

So, where are YOU wholesaling and how is it going? 

[Trey Watson]

I work for a major wholesaler in Houston- headquartered in Dallas. We've been around for a while and close several hundred deals a year-just in the Houston location. I have a ton of respect for the independent wholesalers out there. That is a serious grind that takes real ambition to make successful. 

To be blunt- The problem many investors have with independent wholesalers is that many (not all) are viewed as unqualified or inadequate. Let's recognize the truth here, many people who try to start 'wholesaling' are only interested because of the low overhead to buy in, and the fact that you are technically not required to have any credentials to do so. 

This has created a large population of 'wannabes' that has flooded the markets with people who don't know what they're doing- which is dangerous. Real estate is not rocket science but you also can't figure it out in a day...or even weeks. 

What makes our company (and im sure many others) so successful is that we actively work every day to separate ourselves and our company from that population of wannabes. We do so through many methods but some examples are being a licensed brokerage, hiring people with education and experience, streamlining our processes and procedures, staying consistent with property output, practicing respect and integrity with clients, staying on top of the changing r/e laws, and probably most important- we stay on top of current market data in order to have an educated and in depth understanding of our market.