All Forum Posts by: Donte Rome

I do a ton of outreach to wholesalers. I comp a lot of their properties and 9 times out of 10 the number never make sense. I take the approach of educating wholesalers how to comp a property properly. I have a HUGE buyers list and help wholesalers sell their deals but I need them to be tuned up to valueing a property correctly. 

Those wholesalers that take my advice tend to make more money with me because their numbers are starting to make sense. Too many wholesalers get their info from youtube and not from a mentor or a coach to correct them when they are off. 

I love working with wholesalers. I just learned to help educate and you will be amazed at the deals you get from the ones that take the business serious. 

Last thing just came to mind. If you are a wholesaler keep this in mind. 

This business is about moving volume. If you try to go for the biggest assignment fee then there is no meat on the bones for a buyer.They will stop lookiong at your deals. However if you think volume and not highest profit you will move more propertied and have sticky buyers. 

I recently schooled a wholesaler thast brought a great property but because he was trying to get a 25k assigment the number did not work. If he woulf have went for a quick 5k-10k I would have been able to sell his deal fast. Instead of this wholesaler closing 5+ deals in a month to get 25K or more he wants a 1 25K shot on a deal that may never move in a month. The key is volume

Check out PropWire. You can search areas, narrowed down to the zip code, for property information, then you can apply filters that are very useful for finding cash buyers, especially for land wholesalers.

Under the “Lead Type” filter, check the filter for Cash Buyers; then under the “Property Type” filter, check filter for Vacant Land.

The results you get will be all the people who paid cash for their land in that area. If you look under the “Owner Type” filter and check only Businesses, that list of cash land buyers will be further filtered down to only include corporations, LLCs and businesses.

Now, you click on any of the results and see the detailed property info. Under that info there’s a section for info on the property owner… And under that section there a spot that will show you ever single property that they own in America… Do I have to tell you how valuable this tool is for land wholesalers?

If you look under that owner info tab and the drop down menu shows you the addresses for 600 properties they own, and you can see right next to the address whether it’s a house a building or vacant land… If 590 of the 600 properties they own are land parcels, they’re a serious cash land buyer… If all those lots happen to be in the same area, then you know exactly what they’ll buy and even how much they pay for lots in that area 👌

As a seller I think I’d just say no thank you. I can’t think of a legitimate reason that doesn’t hurt me as a seller to use the buyer’s title company. If this is your first deal why do you even care what title company you use?  What reason are you giving seller? Easier for you to cancel and get your money back? 

In most but not all of Florida, the seller traditionally chooses the title company. You can insist on using yours when you write up the contract, but be prepared to cover the title insurance costs yourself. That's usually how that works. It's like any other negotiated term. 

Glad to help in Montgomery.  Yes, I have buyers always looking for a good deal.