All Forum Posts by: David Bokman

Comps directly from the MLS will provide the ARV. As for rehab cost its all gonna depend on the area and type of rehab. Can be anywhere from $35-135 per sq ft. Suggest you network with local contractors.

I don't know about all the deals on that site, but I can tell you that whoever owns or works at that site is on my buyer's list. So every time I send out one of our deals they automatically listed it on their site. I'm going to assume they do that with multiple other wholesalers in various areas.  Note....I never gave them permission to post my deals....but the exposure has been good so I let them keep doing it. 

@Irene Darville Welcome to the BP community. I'm a local investor and very active wholesaler for the Philadelphia and surrounding region. Feel free to connect anytime.

Best,

David B

Start going to some of your local REI meetings, there is one pretty much every week all over the city. If your looking for partners your best bet is to meet and speak with people face to face. www.Meetup.com to find all the meetings.

Best,

David B

Plenty of people in the area...your best bet is start going to your local meetups (www.meetup.com) and start connecting with people face to face.

Best,

David B

@Nathan Foust Don't be so concerned with the template.....think about what your message is and how you can separate yourself from the other 20 wholesalers who are sending to the same addresses! Are you targeting the same people as everyone else or is your list more special/harder to get? It's all about the little things. Have a plan and be consistent is the best thing I can tell you. 

@Nathan Foust My advice would be to have a market budget and plan for AT LEAST 6 months. If your only planning on sending 1-2 don't bother.....it's all about consistency.

@Terrell Kennedy Think about this for a second. If you had a property to sell would you ask your buyer for Proof of funds when selling a deal or just trust that they are gonna close on your property??

Don't know about you but I ask to see POF's from every buyer who makes an offer on any of my properties. Why wouldn't you think that a seller wouldn't ask for the same thing? With that being said, they don't always ask but you should have money in place if your trying to wholesale a property. And if you don't know what your doing I would be cautious and maybe try to get a more experienced wholesaler in the mix so that you could potentially co-wholesale or get a referral fee.

Coming across sounding like you know what your doing is very different than actually knowing the entire process from A-Z.  Just my 2 cents......

Unfortunately, there are NO guarantees in this business. I always tell people you need to market for at least 5-6 months without even thinking your gonna get a deal. Also, not sure how many "leads" you purchased but if you're not mailing to at least 1000-2000 people every month your lead list is way to small and might not be the right criteria. Also, you need to reach out to those same people at least 3-6 times before you say they are "dead" leads. This business is more about sales and marketing than anything.

Best of luck