All Forum Posts by: Al D.

I believe that the thesis of this post is not that all wholesaling does not work, rather that what the OP has to deal with from the telemarketers (wholesalers, some of whom may claim to be “investors”) are inquiries that could not possibly lead to a sale - they have bad lists. I agree with that thesis, and you probably do, too.

Since wholesaling works for you - and your main marketing channel is SMS - would you mind sharing: (a) Who provides your target list?; (b) What criteria do you use for/expect your list to represent?; (c) Do you check the numbers against the federal and/or the Commonwealth’s DNC list before you contact them?; (c.1) or do you consider that SMS is not in violation of either law? (d) How many phone numbers do you use for yourself to send the SMS from, and how often do you retire them?

I kinda don’t (reasonably) expect you to answer all of the above, but as much as you may feel comfortable with is fine.  Thank you 

I do think that “dumb” is a correct word here.  Whether one takes the meaning of the explanation behind the word as insult can speak to the recipient’s intelligence more than to the writer’s intent, in my opinionated view.  Besides, the writer immediately apologized for his use of the word.  (I need to point this out, because, as of this writing, your “defender” - who apparently also happens to have something to sell you - happens to have more votes than the OP.  But, I guess, this is supposed to be your safe place, dear wholesalers?  To me, tho, it’s just another post on BP, and I have something to say to you that some of you won’t like either.  But I have nothing to sell you… Just saying.)

I have no properties in distress, no public record of evictions since I can’t remember what year, etc - no way should I be on any wholesaler’s list, unless it’s just a list of OOS owners. If that’s what some of you are paying money for, I really don’t get it. But if you’ve been led to believe you are paying for a list of distressed owners, demand your money back. Who am I talking to? Glad you asked:

If you find your telemarketing number below, I am absolutely talking to you.

While I am no fan of @Jerryll Noorden’s apparent undiplomatic (I am being diplomatic) self-promotion here and elsewhere - but know nothing about whether whatever he is (not?) selling actually works (and don’t care to learn about for my purposes) - perhaps those of you whose number is in the list below should reach out to him for some advice, no matter the price. (You are welcome, Jerryll.)  Cause I can tell you that whatever you are doing now (at least with me and the OP) ain’t working.  To wit:

The following 62 numbers contacted me - without permission - this January. That’s exactly 2 contacts per day per each number, on average, that month. And some of these numbers contacted me more than once. And I have so many more numbers, neatly chronologized for forensic purposes for other time periods.

Now, please try to understand: My numbers are registered in the federal Do Not Call Registry - I don’t want to be bothered by the likes of you. Stay with me: Do you think that people like me would want to do business with people who don’t even care to check the Registry - or outright ignore our desire not to be bothered, violation of which comes with civil penalties?… I am sure we can trust you to stick to other rules and not attempt to screw us over, in other words, to be ethical.

Maybe there is some way to do wholesaling well.  Perhaps SEO is one such way - wherever learned/purchased from.  But if you do it the way this post describes, guess what people you are targeting are thinking about your intelligence and ethics.

336-449-5792

423-370-1164

423-397-2096

423-397-2269

423-441-1850

423-509-0054

423-973-0240

423-973-0242

423–973-0247

423-973–0248

470-366-1794

470-410-5709

615-273-7000

615-288-0280

615-288-0372

615-288-0395

615-314-4118

615-314-4119

615-314-4120

615-422-8340

615-654-7578

727-286-2271

813-723-8324

813-851-3960

901-203-5399

901-203-7359

901-203-7938

901-203-8042

901-203-8065

901-203-8081

901-203-8082

901-203-8084

901-203-8085

901-250-9341

901-290-4536

901-295-0950

901-295-2837

901-329-4741

901-350-2984

901-350-4577

901-401-9813

901-422-5579

901-422-8503

901-437-8344

901-446-1857

901-446-2216

901-459-3652

901-460-2977

901-460-3576

901-460-6818

901-557-7156

901-582-5639

901-582-5680

901-582-5906

901-582-6983

901-582-9544

901-617-7702

901-641-0683

901-666-8952

901-676-1093

901-676-6144

901-910-0515

@Cody L. I don't know the potential harm, as I've never bought from/sold to a wholesaler. But if I understand the point of wholesaling correctly - which I think I do - there is money being left on the table by the seller, in comparison to what the seller could get having listed on the MLS, especially in today's market, regardless of the condition the property may be in.

I like for the consumer to have proper info for best decision making. Regardless of any disclosure, one’s lack of sophistication in these matters may still result in no better outcome. But it’s good that legislators are taking some steps. I like the burden of action this law puts onto the wholesaler, but it appears rather toothless to me from the little I’ve read so far - I don’t do any business in AZ (and am not a wholesaler.)

@Jay Hinrichs Yep.  They legally defined who is a “wholesaler,” mandated disclosure, and - most importantly - provided a penalty-free way for an unsuspecting consumer to get out of the contract (but only before the close of escrow) - if the disclosure had not been made.

That’s nice.  But I don’t know what happens if the consumer learns the facts behind the wholesaler after the close of escrow.

@Patrick Kaiser @Jay Hinrichs The Arizona law is HB2747 - 552R.  Some sources still show it sent to the governor for signature.  But the governor signed it on April 22 with 9 other bills.

https://www.azleg.gov/legtext/...

Effective May 5, 2022, Hayward will become the latest CA jurisdiction to be able to enforce the following: ”…Any person, social host or property owner shall be liable for any unlawful use, discharge, or display of fireworks at their property or gathering…”

For details, look up Ordinance Nos 22-01 and 22-02: https://library.municode.com/C...

@Robert Adams: I decided to look up “Upnest” here because I had just recommended it to a friend for an upcoming sale, and came across your post. Besides getting mail from some of the others you mentioned to sell to, I’ve only had experience using Upnest as a seller:

I used it in 2019, when I found myself without a local agent I could trust in a remote market where I suddenly decided to sell. While I could ask a well-known (highly-networked) agent in my local market for a referral, I knew that it would not be free to me somehow in the end (I once paid a 7% commission for a tough to sell remote property, where I used such a referral, and it was well worth it - for that property.) This property had no issues, the market was already slightly favoring sellers, and I only wanted to find a good (enough) agent for the lowest possible commission.

I believe I had a choice of 3 or 4 agents within minutes of giving my info to Upnest. While I can’t remember now whether I chose the lowest quote, or perhaps the agent I chose was offering certain “value-adds” despite being the second-lowest quote, I contracted for a 4.8% commission.

I sold to a retail buyer. My experience was positive; I am sure that the agent made all the difference, regardless of how she came recommended.

Of potential interest: A couple of the offers - "insultingly" below my asking price - were from some LPs/LLCs, one of which was definitely a REI arm of a large private equity firm.

@Kathy Fettke The real-world me will write a reply to address your points and send it to your email sometime tomorrow.  As is typical of me, it will be long.

@Evan L. It is a terrible thing to be so far away and have a non-paying tenant. That’s what PMs are for. But yours didn’t tell you whether they put a note/notice on the front door, and doesn’t reply to you? I am presuming that whoever told you about the note is not an option.

Suggestions:

-If this is not the first time - or you don’t have an established track record - with such lack of/bad communication with your PM, replace the PM, ASAP.

-I’ve hired a photographer on Thumbtack in one such case (but actually needed photos) - you can negotiate down from their initial price quote. Perhaps you can find someone to go there for $20. Or use one of those per-gig contracting websites (I have no experience with that.) May, as well, have them take pics of as much as possible.

-Join Nextdoor at your rental’s address (I have multiple accounts around the country - just use a different email address,) and see if you can ask an apparently-nice (based on their activity history) neighbor to do this for you. (But, warning: In certain places around the country, there is a negative sentiment toward out of town landlords - I’d use this as a last resort.)

@Jackeline Torres I don’t know what the other company recommended above charges. To me, it has been about paying lowest cost for still quality service. And I’ve always received it at http://e1031xchange.com/why-use-us/. I’ve had multiple delayed exchanges from a single property into multiple ones with them - they never dropped the ball. I have not checked competition since last year; when I first used them, they charged less, but even starting at $495, they are still the lowest service I am aware of today.