All Forum Posts by: Carl Flint

I have yet to do my first deal. I have 6+ months of research and the “learning phase” under my belt. At this point, I know that in my market I want to start with wholesaling.

I am going on realtor.com and other similar sites and texting/calling 10 agents a day just to say I’m an investor and I am looking for good cash deals.

I firmly believe that as long as you have a good deal then you’ve got something to work with. So, I’m on the hunt for a great deal.

Here’s what I’m afraid of: I don’t want to tarnish my name among the community as someone who talks a big game but can’t close... what if someone brings me a great deal to wholesale but I can’t find a cash buyer?

And conversely, if I go out and start networking with cash buyers as “someone who can wholesale them great deals” before hand to get a base of buyers... how do I avoid becoming known as the guy who can’t deliver when it comes time to deliver a deal?

Does that makes sense? Please help.

Read the book FLIP by NICK RUIZ. ( that's wholesale 101) YOu will find you answer there and a better approach..

Aside from that I Honestly recommend partner up with a wholesale Company ( already established ) Also with buying power. Not just only wholesale. (Work for them and committed 100%) If you are serious I guarantee you will make money, but not only that you will Learn ALOT.. LEarn to get paid .. And also wont carry to much the liability..

Wow. You’re a really smart guy. I didn’t even think to work with an already established wholesaler. That’s genius. I’m sure there are some in my area. I will research.

Also, I ordered Flip by Nick Ruiz. Thanks for the recommendation.

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Originally posted by @William Morgan:

I'm a cash buyer. My company normally works in Ventura County, Santa Barbara County, San Luis Obispo County, and Monterey County. But If you have a deal in LA County, you can contact me. We can close if it's priced right.

It's rare that we work with wholesalers because most underestimate repairs and overestimate the ARV. In other words, they are perfectly happy seeing us take a loss, were we to rely on them. We consider those folks a threat to our business. Don't do that :)

Great to hear! So, it sounds like I really need to dig deep and become versed in correctly estimating rehab costs.

For what it’s worth, quality deals where all parties involved feel like they’ve won are what I’m interested in. This will create a good long game for me. Rather than just a one-and-done dealer.

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@Bonnie Low fantastic. I like the reverse engineering effect of getting criteria of what your buyers want and then go out and find it.

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Originally posted by @Mark Cruse:

@Carl Flint that is awesome. Keep the faith and Iḿ glad you are asking questions seeking knowledge. Yes, abandon the asking realtors for deals in that way. I dont see much success there. Sometimes that can work for people trying to acquire multi units for themselves but that is another topic. As stated above, successful wholesalers are spending substantial degrees of money on monthly marketing. If you dont have that ability maybe you can start off bird dogging.

Heck yeah man. I appreciate your inspiration.

In your own words, can you explain bird dogging?

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Originally posted by @David Dachtera:

Originally posted by @Carl Flint:

Hey guys

I have yet to do my first deal. I have 6+ months of research and the “learning phase” under my belt. At this point, I know that in my market I want to start with wholesaling.

I am going on realtor.com and other similar sites and texting/calling 10 agents a day just to say I’m an investor and I am looking for good cash deals.

I firmly believe that as long as you have a good deal then you’ve got something to work with. So, I’m on the hunt for a great deal.

Does that makes sense? Please help.

First, I don't recommend wholesaling to newbies. How can you find deals that investors will want when you don't yet know what investors are looking for? Be an investor FIRST, then wholesale.

Second, conventional wisdom says to build your buyers list FIRST. Found out what they want to buy, then go into the market and "fill their orders".

Third, be aware that states are increasingly requiring anyone selling a contract to be a licensed broker. Be sure you understand your area first.

My $0.02 ...

Yeah. I agree with your approach of reverse engineering in that way of figuring out what the demand is first then become the supply. Good stuff...

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Originally posted by @Eric James:

Originally posted by @Carl Flint:

@Jay Hinrichs I never said anything about wholesaling from the MLS. But yeah I get your point.

You wrote "I'm going to realtor.com". Those listings are from the MLS.

Yeah. You’re right I forgot about that. 😬

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Originally posted by @Ian Walsh:

If you bring good deals to investors there is nothing to worry about. The only reputation I see wholesalers getting in our market are the ones that don't know their numbers and put out bad deals. Your work will dictate your reputation.

This one 👌🏻

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@Mark Cruse beautiful. Thank you so much. Reading your post somehow gave me a boost of motivation.

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@Don Konipol that’s honestly precisely how I see the wholesaler. As a guy/girl who connects the dots.

I can understand the grey area though. It’s never easy with something like that. It can go on and on.

You bring up a good point with the wholesaler who stands behind his earnest money and will close himself if he can’t sell the contract. I’m sure it’s very rare, but it’s honorable.

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All Forum Posts by: Carl Flint

Carl Flint has started 15 posts and replied 117 times.

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?

Post: How Do I Avoid This Wholesale Paradox?