All Forum Posts by: Account Closed

Hello BP!

I wanted to reach out and share my current wholesale process I've been building to perhaps help another wholesaler or investor. And if someone can offer advice or tips, that would be great too!

• 1.Getting Leads So I have a couple sources I gather leads from, first from Propelio. I typically get 80-100 leads a day in my market. This is what I will say about Propelio, since it’s expanded, it’s gotten a little more saturated. They key is to actually talk to the seller and build rapport first. I also utilize list source, you can filter your create your own lists. I typically search a certain zip code I am targeting, and filter equity % to 60-71. Driving for dollars is always good.
• 2.Marketing So currently, my system is to Skip trace with TLO to gather phone numbers and emails. IDI skip traces a free 250 if you get approved. Find sources on Upwork or Fiverr who can skip trace as well. Once you have the phone numbers, I have been experimenting with a text campaign via google sms. Download the extension and mass text. I get a couple texts back from this. Then I started cold calling, which will save you money. But I don’t like doing it. Lol
• 3.Follow Up One cool thing about Proelio is it functions as a CRM and a CMA as well, which can't be a little off. My partner is a Realtor so we just run MLS for numbers. Follow up is key in this game. I've followed up more than once and had appts set because I did so.
• 4.Other I see one issues with the fly by night wholesaler who doesn’t account very important things into their deals. Deal needs to make sense to the buyer, so if you have a small spread that won’t cover holding costs and listing agent costs, etc. You will not sell your wholesale deal. I see it all the time, deals that do not make sense from email blast wholesalers. If it’s a deal, it will sell itself. Be the one to build rapport with the seller and you will beat out competition in your market. Options are great, because the last resort may be you can’t get a seller, you have the option to back out. If you run your numbers right, you won’t need to do this though.

• I also do some JV because, I work with a partner that has an in house VA that cold calls. So it's great being able to save $2300 a month just by doing a few JVs. From Wholesale, started getting into creative strategies, such as wholesaling sub-2s, or even buying them to lease option out to get cash now and cash later. Anyways, if anyone wouldn't mind sharing their systems that have been working for them, would be awesome!

Hello Everyone,

What's the best source for Lead gen? Just started my lead gen processes and I have tried  vacanthousedatefees.com and have had one appointment and a few interested in selling, no extremely motivated sellers as of yet. I looked at realacquisitions,com and wanted to give listsource a try.

Hello All,

Does anyone have a solid PM company that services the Forney, TX 75126 area that can provide good communication and works well with newer investors?

Hello,

How do I register if I plan on getting in for Veteran's day ? Just show ID?

Awesome! Thank you all for your input! I see the upsides to both avenues of approach. 

Let's say i went to self management, how do you find your tenants? 

Hello Everyone!!

In the process of negotiating my first deal! Trying to gather a check list of what I'll need to be successful. 

First, does anyone have an example of a TREC 1-4 filled out for wholesale purposes on a SF property? If you have one, that would be awesome, I can PM you my email.

Also, will there be anything else I would need to help me throughout this process? 

Now..the negotiating aspect..what percent of the value do you offer with all cash? I've heard different amounts...

Do you come with options to give aside from cash? 

Any help would be greatly appreciated! 

Hello Everyone!

So as the title states, What is everyone's take on this.

I am in the process of putting my first property up as a rental. I found a property management company that charges 10% all in, no other fees, etc.

Now, for only one property, do you recommend I landlord or hire it out?

So I have a question, 

I have a lead and negotiating a deal. Once I get this property on a contract, is there any point in which I need to involve a lawyer? My standard contracts were reviewed by a lawyer, but do I need one after the deal is negotiated?

Hello, I’m curious because I have heard of doing it two ways. Should I be trying to acquire properties using an agreement of sale and then doing my do Diligence, I.e, inspections, funding, etc. or lining up funds first. Background: I’m looking for a multi property, I found what seems to be a deal that makes sense. Seller requires house to be on contract before we can even look at it. So that’s left my team and I trying to line up bank financing on this deal asap. What are you thoughts? Do most sellers accept agreements of sales ?