All Forum Posts by: Shanequa J.

If I get a house under contract for 70% ARV minus repairs, would it be unreasonable to ask the investor for a 50:50 split? And what is the likelihood that investors would agree?

I was listening to a podcast and the investor says he does this with wholesalers who bring him deals.

1 Vote

I should have joined a team for a year to get more experience. I opted for a flat fee brokerage instead because keeping my commission was more important to me.

1 Vote

Are you thinking your response rate will increase? I really don't think it matters.

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Hilo, Hawaii

People will always need a place to live.

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Quote from @Francisco Hernandez:

Quote from @Shanequa J.:

Quote from @Francisco Hernandez:

Quote from @Shanequa J.:

Quote from @Francisco Hernandez:

Postcards are cool. Here's a few tips.

Try to network with other wholesalers to see how much volume you need, what type of postcards and how competitive each market is.

Have a process on what you are going to do with these leads.

When offering a seller options you are selling speed vs convenience, do they want to move on fast? cash offer for less. Do they want top dollar? go in the MLS and wait for the right buyer.

Hope this helps. Anything else reach out.

I'll be sending 3k postcards every 6 weeks.

Should my postcards be geared towards listing the house or buying it as an investor?

I'm mailing postcards bc I want to find off market investment deals

My advice would be to find really good data and focus on one niche. Try to get good at one particular type of seller first. Are you targeting foreclosures? probates? divorces? Expired listings? all good sources but in the end you need to focus on becoming good at converting a particular type of lead. Postcards can work, track your numbers, be specific with your data, have a process in place on how to convert these leads and you increase your chances.

I'm mailing to tax delinquent owners. I don't want to sound rude, but you've replied twice with information I already know about. Yet you still haven't answered my original question.

The first reply had all the information you need to consider and then use to make a decision that fits your business.

Not every seller wants to use a realtor, not every seller wants to sell their house at a discount. If you advertise as a realtor you are specifically targeting people that are thinking about listing their homes. Anyone that is in emergency mode, won't contact you because they need help now.

If you advertise as a wholesaler, you are pushing away anyone that wants to list their home at market price because they know you are trying to make a cash offer and that's not for them.

You need a sales process that addresses both if you want to be able to help both customers.

That is literally the expanded version of the first reply. If you only do one, you are cutting your possible leads by half.

Love it. Thank you.

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Houston, Texas

Google "no commission split broker" in your area.

1 Vote

Louisville, Kentucky

Have you contacted a real estate attorney? They can draw up a landlord friendly lease.

Make sure you screen you're tenants well. That is the most important thing.

1 Vote

New Haven, Connecticut

Will you make more money with the 4plex than what you're profiting now?

Are there other residential properties in the neighborhood?

Can you stomach going over budget, time delays, and having to pay the mortgage without any income coming in from the property?

1 Vote

Arlington, Texas

With my first rental, I let them know I was the owner. With the second one, I told them I was the property manager. It was easier to manage the second one.

When meeting them, go over the lease. Pay extra attention to due dates, late fees, pets, guests, and tenant responsibilities

3 Votes

Quote from @Francisco Hernandez:

Quote from @Shanequa J.:

Quote from @Francisco Hernandez:

I'll be sending 3k postcards every 6 weeks.

Should my postcards be geared towards listing the house or buying it as an investor?

I'm mailing postcards bc I want to find off market investment deals

I'm mailing to tax delinquent owners. I don't want to sound rude, but you've replied twice with information I already know about. Yet you still haven't answered my original question.

0 Votes

Houston, Texas

All Forum Posts by: Shanequa J.

Shanequa J. has started 62 posts and replied 863 times.

Post: 50/50 partnership maybe?

Post: Looking back at your first year as an agent

Post: Seeking Recommendations for Handling Handwritten-Look Mailers from Hawaii

Post: AI effecting jobs and real estate markets

Post: Realtor vs investor postcards

Post: To be or not to be an Agent

Post: Just closed on first investment, 4plex class C/D neighborhood

Post: Develop or leave as cash flow?

Post: Meeting our first tenants tomorrow

Post: Realtor vs investor postcards