All Forum Posts by: Amelia Posely

@Amelia Posely my company actively wholesale in 4 states and we work with agents in many different capacities.

Some buyer agents like to pick properties in our off-market inventory, they go the extra mile for their client instead of just showing overpriced MLS properties, these agents are usually very successful.

We also buy properties from seller agents or get referrals from them from time to time. Most agents don’t want to spend time showing properties in need of a heavy rehab, they prefer a good looking listing where it’s easier to obtain financing for the end buyer. We’re the guys on speed dial for the listings they don’t want to deal with.

Lastly, as wholesalers we send thousands of postcards, text messages, RVM, we also have a call center cold calling hundreds of sellers daily, our “cash offer” is not always the best option for a seller, so depending of the needs of the seller, if we are not able to reach a deal we put them in touch with one of our agent partner for a “retail” listing.

People are probably going to throw bricks at my window for saying that but usually the agents who feel threatened by wholesalers are the unsuccessful ones, in my opinion agents and wholesalers are 2 pieces of the same puzzle, the ones who get that will dominate in their market.

@Daniel Mendez The best way you can help people in foreclosure is to understand the foreclosure process from the first missed payment to the auction date. Most people going through foreclosure dont understand what is going on. They get overwhelmed and under informed. In order to gain trust you have to be a subject matter expert.

Once you are an expert, you have to understand that most people dont want to sell. Preforeclosures are always talked about by "gurus" as motivated sellers but if that was the case they would all have their properties listed on MLS. Most people in foreclosure want to keep their homes. Especially those with lots of equity. You have to be prepared to get a lot of pushback.

When I was wholesaling foreclosures I would always leave the homeowner with a written contract for them to keep as their plan B. I said listen, here are some options for you to keep your home (loan modification, bankruptcy/debt restructuring, forbearance, state/local programs for distressed homeowners) but if they dont work out here is a plan B in case you need it. If your plan A doesnt work then you wont lose the equity you have in your home, but if your plan A works then you can rip this contract up. This does a few things, it shows you are genuinely trying to help them which builds trust (there are a lot of foreclosure scams out there), it gives them a plan B which psychologically is going to make them less anxious about plan A not working and it keeps them from talking to other investors since they already have a contract with you.

There are a lot of people who chase foreclosure leads but very few who do it compassionately and in a selfless manner.

@Amelia Posely

Yes, or the wholesaler could just send the entire lead and referral agreement, and sell it for more and just miss out on the big cut and just get rid of the problem properties

@Amelia Posely

By helping them sell the ones they cant. They sometimes don't have the reaches that an agent world, plus if its a sour patch property, then they need to extend this out to everyone with money. 

in Huntsville, AL there are multiple offers on everything, if its not sold yet, its either land or the sellers are awful and difficult, or the buyers are awful and difficult- it can go both ways: someone goes under contract and submits 1,000 request for repairs OR a seller says they wanna sell, they don't and don't accept any offer. Agents help these types of situations as well, but wholesalers don't care. not most of them anyways. Agents can ACTUALLY help you sell that crappy home for top dollar, wholesalers don't. 

Hi @Roger Jones, not many people are doing probate training out there but if you're interested in the full monte, there's a product I can personally introduce you to. It's by a guy called Steve Howell and as far as I know, he's the only one offering such a comprehensive package. You get his step by step videos, all his marketing material, contracts, scripts, lead sheets, excel spreadsheets to organize your business, past/current webinars with live case studies, 60 day Voxer support and more.

He's built a lifetime product and genuinely wants people to succeed, he'll give you his personal support. 

Email me if you're interested.

(ps, I use his stuff and generated 7 viewings this week!)

Cheers - Michelle

Hi!! My name is Ryan and I've been researching Wholesaling and attempting to learn the Ins and Outs of it all. I would like to pick the brains of seasoned and new wholesalers in the Murfreesboro TN and/or surrounding areas! Or possibly make some connections!

Hi there Amelia! 

I think there is 100% a market in Nashville for commercial real estate investors because that commercial zoning is one of the only ones to allow NOO (i.e. non-owner occupied) 'holy grail' short-term rentals. I'm not too familiar with other aspects of commercial but that I do know. If you can provide affordable housing in Nashville (short or long term) I think you would do very well. 

I hope that helped! I started my career in real estate a year ago by getting my license and acquiring my first house hack! It has been a whirlwind since then and I love having the opportunity to share what I've learned through my experiences with the next round of soon-to-be millionaire real estate investors.

If you're in the area, let's grab coffee! If not I'd love to answer any questions you may have as well as get to know more about what you're goals are!