Newbie Wholesaling Questions

[Chris Bluem]

Hey All,

As someone looking to get into wholesaling I have a some questions around a few topics in which I was hoping to get feedback, input and advice on.

To be clear, I am just starting, I have done research but I have not sent my first contract out, although I have found a few listings which I want to pursue with offers. My goal is to send out 3 offers by sunday, if not anything at least to get the ball rolling and start getting on the phone and following up and talking to people on the subject. I am located in South Florida.

Below are the topics:

Contracts: I have two blank contracts from local title companies, and I am currently just reviewing them to become very familiar. Do you all, on a normal basis, list any type of special contingencies/clauses to add extra protection in order to get out of the contract within the inspection period? Is there anything specific I need to really pay attention to outside of the inspection period on the contract?

Scripts: I have seen a few good BP post on WS calling scripts; however, it seemed that most of the posts were dated and didnt have the scripts any longer. Does anyone have scripts that they would not mind sharing to help me get familiar with how I should frame my services and the call?

MLS: I am curious as to what percent of your deals you get off the MLS. Before spending money on marketing, I want to learn the business better finding and working on deals from the MLS (so they are free), so that I can work out the kinks there and then add in direct mail.

Also, being new to the MLS and WS in general, it was easy to get overwhelmed with the amount of residences available, so I was curious as to what some of your strategies may be to help narrow the funnel when looking on the MLS (price point, neighborhood "grade", days listed, status changes, sqft, beds/baths).

Paid Mentor Programs: I am very interested in joining a paid mentor program, and I wanted to ask if anyone here has paid and had success in a mentor program before. I have looked at Wholesalers Inc, however they are based on direct mail and I would like to get the business down on the MLS prior to jumping into direct mail. I have reviewed the mentor section but it is a little all over the place so I wanted to ask in here to see if anyone has paid, and has had success in a paid program. (I know that I can learn everything for free in the BP forums, but for me it is worth the money for a little more hands on training, and more importantly speeding up the learning curve)

Thank you all very much for your time. My apologies for the long post; however I am very excited to hear your input.