All Forum Posts by: David Ramirez

Hey Brittany, 

There are many things to take into account when starting out but I will recommend focusing on your sales skill first on the acquisition side

To add to what @Caleb Brown said, there are going to be times when you are not going to find similar comps and you might have to adjust based on the comps you have available. With that said, if you are going to adjust based on price per sqft make sure it's the same number of beds and baths.

RESimply has a single-line dialer integrated, but I don't know if it shows you the history of the lead when answered. We are customizing our Podio so that leads with a certain label can be automatically pushed to a list on Smartphone Dialer for more efficient follow-ups that can be retargeted fresh.

We pull a list of cash transactions from people who own 2 or more properties from BatchLeads. He calls them on a dialer and filters to see if they are interested in buying investment properties. I get the lead, and then I call to introduce myself and delve deeper into their investment criteria.

Check out Eventbrite, Meetup.com, and Facebook groups for real estate networking events near you.

This is my best way as well to actively build a buyers list, especially if you call sold flips or cash purchases near your deal.

It rarely pays off because people rarely understand what wholesaling truly is and set unrealistic expectations. I didn't start my real estate journey in wholesaling; I actually began by flipping properties, then transitioned my operations to wholesaling. It’s the best choice I’ve made so far in my real estate journey because of the solid foundation you gain through off-market acquisitions, as well as the deep understanding of marketing and sales that allows me to offer better services. Now, I have more tools in my toolbelt, I can monetize every lead that comes my way, whether through wholesaling, flipping, rentals, novation, or referrals to retail agents.

I agree with you, stress and time investment are the norm, especially when starting out. But any business will bring stress, and you’ll have to put in the time to get the results you're after. If you treat it like a hustle, you’ll get hustle results.

Wholesaling is not easy! Nothing worth doing is going to be easy. 

It takes time to build systems and processes to get consistent results. You mentioned that you know how to run ARV and calculate repairs, but you didn't mention anything about sales. Again, as I have said hundreds of times here on the BiggerPockets forums, wholesaling is about sales and marketing. If you think you're going to call a seller and get them under contract with pure logic and numbers, forget it, you will waste all your time and money.

I'm not a coach; I can only speak from experience. I wouldn't mind jumping on a quick call and giving you a breakdown of my business if that will help you set better expectations. 

Well, this depends on your risk tolerance. I wouldn't shy away from a second lien position if there is enough spread to cover my position even if the property goes down 20% in value.  

Hey Travis, 

I think you mean PPL (pay per lead) companies. With PPL, our current conversion rate is 18 leads per contract. Our cost per contract is $4,500, with an average price per lead of $230, and we spend about $13,000 a month.