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All Forum Posts by: Joe Gonzalez

Joe Gonzalez has started 2 posts and replied 235 times.

Post: How is it Investing in Detroit

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211
Quote from @Joe Hammel:

@Joseph Gary

We love Metro Detroit

(my entire rental portfolio is here)

The ticket is just to know what to buy and not get tempted by the stuff you shouldn’t lol.

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: 10-14%

Cash flow: $250-$350/door

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C+, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ever hear of Ford, Rocket mortgage, or Beaumont hospitals? All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

The bad reputation comes from OOS investors wanting $20k D market properties. We don’t buy those lol.  


Hey Joe,

I have a house that I am looking to assign for $50k and I feel that it fits your buying criteria, in the Springfield Michigan area if you are interested in taking a look at.

Post: How is it Investing in Detroit

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211
Quote from @Travis Biziorek:

Hey Joseph, I've got 14 doors in Detroit. There's a lot to learn but if you put in the work it can be very rewarding. Happy to connect and chat.

 Is there a lot of growth in the Springfield Michigan area? 

Post: Contractor estimate wholesale houses

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211


I would speak with the contractor an explain that your business model only involves putting together a scope of work and potential estimates for your partners. I would then mention that he would always be compensated for his time.

 It pays to be transparent!

Post: Wholesaling real estate business model…

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211

My company has done millions of dollars worth of wholesaling fees in the last couple years.

We initially built our operation off of good ol' direct mail and picking up the phone and dialing.

Since then I have put systems in place and I use the following marketing channels:

- Direct Mail

- Billboard Marketing

- Targeted Calling (Currently just Land & Multifamily)

- Website

There is no magic formula to marketing, it is just simply about keeping your message in front of people.

Post: I want to start wholesaling real estate

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211

- When I started I got an LLC to differentiate myself from my business if I ever needed to.

- My market is Houston so I began all of my marketing efforts here, unless you're in a megacity (NYC, LA) then I would start where you have home court advantage.

- I got mentorship after my 5-6th deal and it exploded my business. If you are struggling even with all of the free information out there then I would definitely look into coaching a bit earlier. 

Post: Off-Market Properties? How do you acquire them?

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211
Quote from @Jake Soper:

@Jerryll Noorden You couldn't come close to ruining business for me. Its simply appalling to hear you bash any form of marketing except your own, then have the nuts to claim you aren't like all the other gurus. You're a fraud.


 This Jerryll Noorden guy is definitely a fraud. Everyone should be careful. 

Post: I am new and I have no idea where to start.

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211
Quote from @Jerryll Noorden:
Quote from @Joe Gonzalez:

.

- You're in the rejection business, get used to the word no. Most sellers don't have to sell below market value so many will pass on your offer and that's okay. You are looking for a seller that values their time and convenience and is willing to trade some equity in return.

- Stay consistent - if you can master the art of consistently showing up then you will win the game of wholesaling.


Feel free to reach out if you need anything!


consider this...

100% of the sellers reaching out to me are reaching out because they want cash for their house.

I repeat. EVERY SINGLE PERSON. EVERY SINGLE LEAD I get wants to sell their house to me for cash.

it is not a "rejection business" if you do marketing right. If you do cold calling. Dmm, text blasting, , anything to do with a list,, doorknocking etc etc then yes... expect a bunch of "no". So doesn't that prove my point? Doesn't that prove its bad? RIGHT??

you are proving my point. Those methods are horrible.  You said it yourself. Expect a no... with THOSE methods.

why are you advocating methods that will give you mostly rejections ( your own words)?? Yet you fight me vigorously defending those methods you yourself admitting to labeling your ENTIRE lead generating strategy as a "Rejection Bysiness". Makes no sense!!


Marketing is about reaching the right audience with the right message. You are not in a rejection business IF you reach the right audience with the right message.  Every 10 offers we make we get 8 accepted.

You really should stop spreading the message that those horrible ways to get leads is normal. It isn't for those doing it correctly.

Only deal with actually motivated sellers and you will be in an "acceptance business!"

OP, don't let anyone tell you that their lack of success or skill will be yours too!

think outside the box. 100% of my leads are people that already made up their mind they want to sell... and sell to me! You can do it too with true effective marketing.


You do realize wholesaling is ultimately the sales business right? (You're selling a homeowner on the fact that you are the best option to purchase their home, regardless of marketing channel)
In sales the possibility of rejection is always there. 

Possible ways to get rejected in this business:

- Homeowner decides to go with another company/investor

- Homeowner wants more for their property than you offered

- Homeowner reached out but won't be ready until 6 months from now

- Homeowner decides listing will be a better option after further thought

- Homeowner was influenced by a family member not to sell

- Homeowner was only curious about an offer and then ghosts you

- The list goes on and on.


SEO is not rejection proof. Is this what you're teaching? I hope not, we both know that is fraudulent.

So yes, I 100% stand by my statement, you need to be prepared for rejection and not let it demotivate you in this business. Period. 

Post: I am new and I have no idea where to start.

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211

Here are a few tips for someone who is new:

- Wholesaling is a sales and marketing business, study both religiously.

- You get what you put in, dont treat this as just a hobby.

- Read, Read, Read. I recommend "Secrets of the Millionaire Mind by T Harv Eker" & "The Compound Effect by Darren Hardy" for those starting out.

- Have integrity. Never lock up a house just to get something under contract. Only a lazy investor doesn't know how to do their numbers, strictly make offers that you know make sense as an investment.

- You're in the rejection business, get used to the word no. Most sellers don't have to sell below market value so many will pass on your offer and that's okay. You are looking for a seller that values their time and convenience and is willing to trade some equity in return.

- Stay consistent - if you can master the art of consistently showing up then you will win the game of wholesaling.


Feel free to reach out if you need anything!

Post: Newbie looking for advice on choosing the right market

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211

My top market picks are:

Houston

Dallas/FW

Atlanta

Tampa

Orlando

Las Vegas

Start with 1-2 markets and get to know them well, a common mistake with new wholesalers is picking too many markets too soon.

Best of luck!

Post: Skip Trace website recommendations

Joe GonzalezPosted
  • Wholesaler
  • Houston, TX
  • Posts 264
  • Votes 211

These are the ones I personally use.

Skip Genie - For single skip traces 

Wholesalingdata.com - For pulling large data with phone numbers included