All Forum Posts by: Dominique Nolen

@Joe Splitrock Good to know. I don't have a website yet, I'll be sure to get one set up. Thanks.

Hey folks,

I'm looking at direct mail marketing and I'm wondering, is there an equivalent to the Do Not Call registry for snail mail? I know a call list needs to be scrubbed or there's the possibility of getting sued. I've heard of a service that removes you from getting offers in the mail but I don't know much about it. Do I need to scrub a direct mail list to keep from getting sued, and if so, how does one do that?

@Randall E Collins You speak to one of my main points, which is that I'm not sure that we as wholesalers could control whether or not the end buyer even uses an agent, so no real way to guarantee they get commission on the back end. Thanks for the idea, I'll dig into it some more.

@Nick C. Yikes. From that perspective, I see more and more why so many people in the industry think wholesalers are sleazy. Thanks for the heads up.

@Sam Compton I like the the win/win idea you laid out. I'm wondering if we'd send realtors leads for sellers who aren't willing to or can't sell their properties at a deep discount but still want to sell.

@Brandi Vigil you touched on the above point. Also, I hadn't even thought about the perspective of them having buyers who are looking for homes. Especially in the current market, and especially in the Twin Cities where we're scrambling for inventory, that makes lots of sense. Thanks for your input.

@Sam Compton yeah, that makes sense. That's what a lot of the advice I was reading seemed to be getting at. I just wonder, if the wholesaler isn't the one who sells the house after all's said and done, how does the realtor get commission? I'm not expecting you to know, just thinking out loud. Thanks for your insight!

@Randall E Collins It's good to know up front that there's contention there so I'll be able to move forward with my eyes wide open. You're right, I'll have to feel out what works best. Thanks for the well-wishes!

@Randall E Collins @Jay Hinrichs It looks like there IS contention overall, and won't be very profitable for either side unless we can forge some sort of a unicorn symbiotic relationship. Thanks for the info, I appreciate it.

As I'm studying wholesaling, a lot of advice is saying to connect with realtors. I'm still not quite sure how wholesalers and realtors collaborate to their mutual benefit. It makes sense that realtors would have the MLS access and could pass along listing information to wholesalers, but I'm confused as to how realtors benefit. It seems like we would be in direct competition. Are we trading referrals instead? I'm so confused. Can someone help me understand?

Hi Evan, thanks for pointing me toward the Facebook groups! I'm sending you a message right now.

Oh, wow. Thankfully, I didn't expect wholesaling to be easy, but I had no idea that doing my own flip might even be easier! I originally wanted to wholesale first to build up cash reserves then get into flipping since, like you said, I would need to build a team (and the idea is intimidating, of course). With this new perspective in mind, I'll look more into keeping any deals I find. Thanks again, Will!

Yikes. As someone looking to get into wholesaling, one of the first problems I'm seeing with many are a lack of integrity. It's a great lesson to learn from the start; I need to develop my knowledge and skills, but if I want to be taken seriously I also need to be honest and straightforward. Thanks, Will!

Hi folks, 

I don't have any particular questions yet. I just wanted to post here as a first step to hold myself accountable for getting started with wholesaling, especially since the market is nuts here in the Minneapolis-St.Paul area. Thanks!