All Forum Posts by: Addiel Flores

David Holland, one of the ways you can start building a buyers list is to start attending auctions. These are active buyers with cash in hand ready to purchase. They would much rather go with you where you are bringing them the properties directly instead of scrambling to fight with other investors in the heat of the moment of an auction. REI clubs is another great place to meet buyers.

Hello Derek Petersen and welcome to BP. I see why you are going out of state. That is exactly what I am doing as well. I am actually a wholesaler. Although I still focus quite a bit in Southern Cal. I have expanded significantly out of state as well. In fact, most of my deal lately have come from Texas. Aside from the price points in CA, the inventory is very scarce.

Hi guys,

I am an investor for the past 10 years in buy and hold real estate. I decided to start wholesaling a year ago because I wanted to be more active in Real Estate.

I live in Riverside, Ca but I was in El Paso, Tx for almost 5 years because of the Military.

El Paso is a very beautiful city. Great to settle in, in fact retirement in this city is very popular. Renting homes is not hard to do. I have an investment home that has been rented out by the same person since 2007!

Hope to hear from anyone that is interested in getting to know me and more about investing in El Paso. Thanks!!

Hi guys... I am excited to enter this post, I'm a wholesaler so i can supply you with a great list to start with as a wholesaler.

As a wholesaler, your going to need two things; The Buyer and The Wholesaler. So mainly you are going to focus on getting those two list as big as possible. The more you have the less pressured you'll need to feel to sell the home or get a deal.
Seller:
1. Lists from listsource.com or your title co. any major list company that supplies Absantee, probate, and enharatance will do. About 200 a week.
2. Send out your list to yellowletter website to do your list. You can do them yourself, just google yellow letter to see the format. It's very time consuming and you'll probably be able to do 100 a week, depending on your time. Stamps and envelopes should be added to your budget. (letters should be colorful and big to stand out from regular mail.)
3. While the letters are being sent, go to dropcard.com and get 1000 cards with "we buy homes" with your # of course and drop out 21 a week. Drop them at Lowes, homedepot, major events, auctions, yardsales, estate sales, restaurants, etc. 1000 a month.
4. Driving by homes once a week should be on your list to do. Strive for 30 addresses a week.
5. Bandit signs should be your next task to do on a weekly basis, 25-30 a week. Take them down on Sunday if the city is not a candidate for bandit signs.

Buyer (you will be doing these things even if you don't have deals yet.)
1. Get business cards that represent your business!!
2. Make a simple website to add to your cards.
3. REI Club, attend them and be a regular. You need to show yourself as a Professional Wholesaler, this is not your hobby and you are not "trying this out until you get enough money to be the buyer". That's what you might be thinking, but you don't want to portray that to a potential buyer. 5 a month
4. Attend auctions, give out your card, take flyers of your current deal if you have any and start making yourself known. 1 a month at least.
5. Bandit Signs for your deals, keep and make good connections to the Buyers that contact you. 10, 4 blocks near the home
6. Co-Wholesale. Once they buy the home, their name will appear on the title and you'll now have a new name to add to your list. (if needed)
7. Research the cheapest sold homes in the last 6-12 months, get the address and find the names. If you start seeing the same name, that's a GREAT candidate for a serious buyer. 10 a week
8. Join online investing groups such as Facebook and other social media sources. Start being active in the forums to get your name out and be known. That way when you have a home to offer, you are considered professional and serious about your business. 5 comments or contributions a week.

There are certainly A LOT more to add to your checklist, but I believe these few are a great way to start up with. Do them consistently and you will soon start getting motivated sellers and buyers ready to work together for your deal.

One important advice I have for any wholesaler wanting to start is:

Hope this helps. Don't give up!

I have had a partner since the beginning.There has always been the two main parts of the business that we see. When you are going full throttle they are each big responsibilities. One is the Marketing, and the other is the deal making. My partner is a wiz as computers and creativity so she took on the marketing part. She is also in charge of maintaining all of our lists, i.e. buyers lists and lead generation lists. I am in charge of all transaction aspects such as talking with the buyers/sellers, title agents, and analyzing the properties.

yeah, I just attended his seminar this weekend, same catch, same deal! I didn't buy it, so many did however and I'd like to say I am learning definitely by experience because I used to be the person who buys everything that seems to be too good to be true! I can say I didn't buy anything and simply networked. Found more buyers for my wholesaling business and just motivation to keep on doing what I do, which is hard and honest work to get my deals. No such thing as easy money. Get rich the right way. :)

yeah, I went with professional looking ones. So far I have received 1 call in the last two weeks... it doesn't hurt having an extra almost free stream of marketing, such as magnets.

Have you thought of getting simply insurance over the properties with liability of what you are looking for, I know my insurance company USAA offers specifics for that and it's covered. Check instead of having to go through all of unnecessary actions. Especially the amount you are inquiring for.

great thanks!! Suzie B. I was about to buy two from staples and write them myself... I have nice writing to it wouldn't be a problem, but I guess I can just go to the website. I am still debating about it, too much I would say. :)

When you have no money Mildred, dedication will be the key. When I first got started I was always told to focus on finding the deal and the buyers will follow. I never saw it that way until I actually did start. It is VERY true. I focused on the deal and casually put myself out there as a wholesaler and the buyers started pouring in. It will definitively be a lot more work with very little money to start with but you can grind it out and be successful. The first step as you mentioned is to join REIA clubs. There are many out there that you can join their online forums and you will not be charged unless you go to their meetings. Network, network, network! Also utilize bird dogs. you don't pay them until you close a deal. (mailman, delivery drivers, the guys with the ice cream carts, etc...) be creative. Most importantly, keep your eyes open for houses that look like what you want, as you are driving around. You can write down there address and look up the owner information in the county records free of charge. Then call them, write them, whatever you want. Biggest thing, stick to it, and GET CREATIVE!!! Hope this help Mildred.