All Forum Posts by: Joe Dube

Jennifer,

I appreciate the compliment.  The knowledge came from lots of due diligence, hard work and study.  The data I ask for is Owner's name, property address, mailing address (since the owner doesn't live in the property you want to make an offer on), just value, price they paid, sale date.  The file will be very large so they may have to give it to you on a disc.  This method works, you'll get tired landlords contacting you, probate deals, divorce deals......pretty much every type of deal you have read about.  The key is learning how to talk with them and negotiate the deal.  The only way to do that is to pick up the phone and talk with them and practice.  Remember, I never bought a house that I didn't make an offer on so make an offer on every one of them, even if you think they'll say you're ridiculous.  The key is the level of motivation.  If they want to get rid of the property they'll make the deal.  Good luck and let us know how you're doing......Dube

Robert,

Why do you need to fund a wholesale deal? If you find a great deal and put it under contract and sell your rights to the contract for an assignment fee then that's wholesaling. If you find a great deal and buy it with your money, the banks money, private money or hard money and rehab the property then that's a fix and flip or a rehab project.

The best way to start out is to make offers and get the property under contract then look for cash buyers to sell the contract. I would do this strategy first about 10 times before signing on the dotted line and creating debt. This strategy I described is true wholesaling and it's virtually risk free, it enables you to earn money while you learn.

Hope this helps...
Dubeman

Hi Tyson,

These guys gave you great advice. I agree, market for sellers and get the phone ringing. Once you have a good deal under contract the buyers will come. I too have had many people call me and ask if they can add me to their list and I've never heard from them again. One thing that has helped many is a mentor or coach that is local to your area. I had a coach when I first started and he was extremely valuable filling in the blanks when I needed help. Let us know how things work out.

Hi Gwen,

I'm in Florida but I have a friend or 2 in the Oakland County Michigan area. I hear they have a good REI group there. My friend Jerry Norton does about 10 to 15 rehabs at a time. He's a great guy and if you run into him tell him I said hello.

You'll get a wealth of info. here on BP, people are eager to help. Let me know if you have any questions on wholesaling and I'll be happy to lend a hand.

Welcome to BP Chris,

Sounds like God's counrty up there. Never been to Cooperstown but have some friends that have been and they had a blast. You'll find a wealth of info. here on BP, there are lots of members with experience in every niche that are willing to help also.

Hi Derek,

Welcome to BP, I'm here if you need help in the wholesaling niche. There is a very good thread on creating a buyer's list on the forum also. Just use the search function in BP and you'll get the info. you need.

Hope this helps...

Thanks for the feed back guys. I think you're right, I should just take the time to put what I say in a script for someone that wants to learn the business as a bird dog and teach them. It'll take less time in the long run and hopefully I will get less hang ups :lol: I used the sales mastery course from Richard Roop many years ago that was very effective, I'm sure I still have it around here somewhere. My biggest challenge has always been letting go of control. I'll let you know how it all works out. Thanks again for the ideas.

Hi All,

I want to start outsourcing my business more and I'm looking into having Pat Live answer my incoming seller calls. I need a proven, effective script that I can use. My niche is wholesaling and the lists I mail to are absentee owners, expired MLS, and probate mainly. I know what I say to sellers but I've always had trouble outsourcing my business, please help me out.

Dubeman

Robert,

I run into that from time to time here in Tampa. There are a lot of investors & wanna be's here. I've determined that I'm going to do what I'm going to do and who cares what everyone else is doing etc... In other words if I want to farm that area and another investor has put a bunch of signs out I don't care I put mine there too. I just go about my business, field calls and make offers. Chances are the other guy is new and is not very good at negotiating etc... He may be around for just a while. The fact that there is someone farming that area already should tell you that it may be a good area.

Hope this helps...
Dubeman

Trevor,

It sounds like you're motivated to move on with your life and put the truck terminal in your rear view mirror :cool: I sold my truck 8 years ago and jumped in the RE wholesaling business and never looked back. It was a tough road at times, had to grind it out. But it all worked out so far. You can do it, just keep on grinding!!