All Forum Posts by: Corey Robinson

@Yenisel Avila this is definitely one of the most debated topics in the game but with iBuyers being out of the game the lead flower has never been better so I would say go after the seller and be aggressive with what you contract the property.  Some buyers are backing out of deals or sitting on the sidelines during COVID unless you can factor in enough equity in the deal to hedge potential losses.  There are investors still buying but you will have to trim 10% off of the top of your normal sales price to move anything in the current economic climate!  Hope this helps!

@Yenisel Avila I have been wholesaling without having an license for over a year now but like @Charles Carillo said it does open the door to more opportunities and I'm actually working on getting my license.  In this game you don't want to be a one trick pony and you want to know as many exit strategies as possible so you can do what's best for the seller especially during these times of COVID.  You won't need a license starting out but definitely something to consider getting in your journey and if you do get it find a wholesale friendly brokerage! Hope this helps!

@Maya Eshel it's really going to depend on your market. If you're in a very competitive market your cost per deal will be astronomically high and it's seems like the cost per deal is only going up for Facebook & Google PPC. You'd be better off pulling data from Propstream and have a VA dial through it to set appointments for you. If you're market isn't that competitive knowing your market demographics will help you build out the audience you need to target. Overall the amount of money to source a deal leveraging a VA has been far more cheaper than running FB ads in my market because of the amount of competition we have.

@Aliyah Guilliam what's up! So there's ton of info out there and you really can get lost in all of it.  I would recommend you check out these youtube channels: Brent Daniels, Max Maxwell & Antoine Campbell to get started.  Brent Daniels is doing a 90 day challenge to walk you through you first deal on his youtube channel and then there's Wholesale Hotline every Monday where three titans in the game drop free game.  Reach out if you have any questions!

@Damian Salto what's up bro! A good mentor is going to cost money for sure bro but if you want to reach your goal faster it's 100% worth the investment.  The best FREE mentorship out there is youtube university.  Max Maxwell, Brent Daniels & Antoine Campbell have great youtube channels full of great content and Brent Daniels is doing a 90 day challenge where he walks you through your first deal.  Tons of free game out there bro.  Check out Wholesale Hotline on Monday nights on youtube and their previous recordings.  Reach out if you have you questions bro! 

@Steven Stan you can leverage both bro but in this current market climate flippers will naturally want a deeper discount so might not be your best end buyer in this market.  Brent Daniels, Jamil Damji and Pace Morby do a wholesale hotline on youtube every monday night where they give game.  Definitely worth checking out.  Reach out bro.  Would be happy to point you in the right direction.

@Bryce Strange reach out and I'll help where I can to point you in the right direction bro!

@Hector Carrillo bandit signs are a bit tough bro! Like you said your competition will be taking them down or just out right destroying them unfortunately.  I use BatchLeads to text.  I know a lot of people worry about litigators with texting but when done right with the right platform it can do wonders for your business.

I use Buyers on Fire to find hot zip codes and Propstream to pull my leads and have a virtual assistant power through these leads and set appointments for me.  With the current market climate you will have to be more aggressive with what you contract the home at but still doable.  Hope this helps my man!

@Richard D. I learned everything I needed to start my virtual operation from Max Maxwell & Antoine Campbell! They gave tons of free value to get everything I needed to get started.  Like @Isaac Moore I leveraged VA's to handle most of my day to day operations.

1. My target markets were where most of the turnkey providers were.  I figured they had to do tons of market research to decided to plant boots in a market so it would be a good place for me to start.  

2. After I picked my target market I used Buyers on Fire to determine where the hot zip codes were and used Propstream to pull my lists.

3. Establishing boots on the ground was next.  I went into the local wholesale facebook groups to find investor friendly realtors or local wholesalers who could walk the properties for me, take pictures and be my eyes and ears in that target market.  If they were able to bring a buyer we worked out a split that worked for both of us.

4. Once boots on the ground was established I went back on the wholesale facebook groups and asked for investor friendly title companies in my market and got the answer within minutes

5.  When I had a property under contract, my boots on the ground usually was able to get the deal sold for me.  Definitely wasn't trying to be greedy and had no problem splitting a check knowing that we go further together in this game.

This isn't all the details but a summary to give you an idea of what you'll need.  Hope this helps my man!

@Shayleen Minott Now is the perfect time to wholesale.  All the iBuyers like Zillow, Open Door, & OfferPad have cancelled their contracts with sellers so for us lead volume has doubled just because of that.  With that being said because their is a lot of uncertainty in the market, your buyers will want extra equity built in the deal so what we've noticed is that we've been having to take 10% off of our normal sale price to get our buyers off of the fence.  Your fastest way to a check will be texting.  Direct mail can work but is more expensive for sure and probably should be used more to follow up.  Vacant properties is what you want to target during this time.  Brent Daniels, Jamil Damji, & Pace Morby do a wholesale hotline on youtube every monday night where they drop free game.  

Low costs tools to help you thrive during this time:

Propstream ($97/mo): data vendor where you can run comps and pull 10,000 records a month 

BatchLeads ($95/mo): texting platform; they scrub your list for litagators and allow you to send texts one at a time to keep you compliant.  You can skiptrace your leads here as well

Buyers on Fire ($97/mo): will show you the where the hot zip codes are at in your desired market and tell you which neighborhoods to stay out of 

My team uses a dialer but you can dial off of google voice if you don't want to pay another $97/mo for a dialer

Hope this helps!