All Forum Posts by: Danna Millar

I started using one I really really like, REsimpli. Still learning it but it does have alot of options and features. You can use it for your campaigns, working on setting one up today for rvm, txting. It tracks everything including costs and has a dialer that allows you to use one platform for your leads from start to finish. Including sending your contracts and assigning buyer, etc. They offer a 14 day refund so like a 'try it' but you prepare for your try it. 

https://dashboard.resimpli.com/auth/signup?fpr=s2b

There is a plethora of resources, information and how to's. It is super easy to get lost in it all too! 2 of my favorite resources for getting started are flip with rick mastery course (It's free) and Vena Cox-Jones also! Coree real estate group is $25/month and it gives access to free info, forms, training from Vena Cox-Jones.

I can't say for other states, here in Michigan you can wholesale independently with or without an LLC and with or without a brokerage. Depending on your goals, yes it can be a side a hustle also. I recommend partnering with local wholesalers. Wholesaling entails MOSTLY marketing and chasing which is where it becomes expensive and time consuming. Build a relationship with someone who has been doing it for awhile. Pinpoint a way to find leads yourself, and call. There are ways to do this for free - have good focus and time management skills.

I only know 1 way to get over the fear. Just do it. I was terrified when I started getting active with cold calling a little over a month ago. I finally just sat down and dialed away feeling sick to my stomach. What happened was after a few hundred dials (which if you are dialing manually from a decent size list starting out could take roughly 6 hrs) - I became much more relaxed about it. If you mess up you mess up. It's ok, it's part of the process of becoming very good at what you do. Just do it :) 

Ive been using rei reply for almost a month now. It really is an awesome platform that does alot. Im really struggling with it though from a 'technology' standpoint. I want certain workflows - to set it up for literal plug and play! I feel like I am currently wasting so much time doing manual functions. I do not want to watch videos or try doing it myself anymore. Can anyone recommend a co or someone theyve used to set theirs up? Also, does anyone know if we can 'integrate' a multi line predictive dialer service to flow with our reireply workflows?

@Alberto your welcome :) The only other thing I can suggest when starting is have an income goal and timeline yes. Do not go in with the mindset 'Im going to make 10,000 this month!' Go in with a goal of activity. Talking to many many people every week, and listening. I think wholesalers get a bad rep when the mindset is money driven from the get-go. Get really good at the activity and identifying a problem you can help solve. The deals and money will follow. 

Im a fairly new wholesaler myself and could provide a couple nuggets for you.

1st thing 1st. Establish your 'working' time for your business. Daily, weekly etc. If you work a job make this your '2nd' job and treat it as such.

2nd thing no matter what anyone says - you need a little bit of $$ to work with. Establish a budget that will not break your bank. How much can you comfortably spend a month?

3rd you are going to find along the path soooo many shiny systems, trainings, platforms, leads blah blah blah that could be helpful. If it does not fit in your budget do not purchase. It will take some leg work but you can learn everything you need to know about wholesaling, how to go about it, what you would like to 'niche' etc via youtube, BP, and networking.

4th find a cost effective way to get started. (what I did and it works) is driving for dollars. Very cheap and wonderful starting point in getting your hands 'dirty'. 

5th Once you have done these things and have some sort of a system going - find a Mentor. You do not need to pay $1,000 and $10,000 for this. They are out there. Make sure you research and interview for this to make sure its a good fit for you both. There are tons of successful people out there that love to help others be successful. The cost for you could be splitting deals which is more than reasonable.

Dont get to wrapped up in knowing everything, figure out the basics, keep it simple and advance along the way. :)

I am somewhat new to wholesaling as well. The biggest challenge Ive run into thus far is organization and a 'system' or 'flow'. Once you start talking to 100's of people, learning and creating a flow to keep it all together and managed is a little challenging. Cody is absolutely right. Have a safety net of $$$. Learn to really listen to your prospects. We are trying to help them solve a problem essentially. If you allow those $$$ signs to get in the way your going to miss those important seller pain points. Also dont be afraid of 'messing up' :). If it happens it happens. Its part of learning your craft and getting really good at it. As far as the risk...its a risk to step out of bed every morning! That does not stop us though. :) 

Hi Matt I am fairly new and have been driving for $'s for about a month. I started off with deal machine. Awesome app for driving for $'s. On a small budget though I converted to prop stream which also has a driving for $'s app. It is not as nice as deal machine's however it does the job and you will have direct access to all information including the photos tied to that property and be able to run comps, etc... from there I skip trace and cold call. I only mail to any leads that I am unable to contact by phone because of my little budget right now. So far it has worked out great this way. Last week I mailed 8 small cards with a handwritten short message and received 2 calls today from them thus far. I like the idea of photos to absentee owners. It seems like it could be pricey. I'm interested in knowing your response rate if you use this method. I hope you post an update :) 

Im somewhat new myself Crystal and I agree dont focus on the time it takes. Talk to lots and lots and lots of people. Use different strategies. Ive talked to the most people thus far just driving for $'s. The deals are out there, stay consistent :).