All Forum Posts by: Frank J Miller Jr

Hi @Chris Montalvo, I recently closed a few wholesale deals, me being on the buy side, the title company I worked with was great. They were referred to me by a wholesaler that does a lot of deals with them. They definitely seem familiar with the process and also have an attorney they normally like to work with. Feel free to PM me and I'll be glad to provide their contact info. FYI - They are located in North Jersey.

What title is that? Can you message me?

2 Votes

Originally posted by @Barry Pekin:

@Frank J Miller Jr,

I have to give you credit for going all in and taking the current opportunity to dive into this. What you're setting up is impressive.

Here are some random thoughts that pop into my head as I read what you wrote.

You're doing this full-time for three months. In general, and especially now, it can take a while to build a business like this. In general, they say it takes 5+ "touches" for a lead to notice you. Not always, mind you, but generally. My thinking is that if nothing much happens for three months, which is very likely, what are your plans? Are you going to give up or keep at it? Personally, I think you need to think longer term that just three months.

As for cold calling, that's a pretty good setup to get rolling with. Is this a firm that does cold calling for real estate investors, or are you hiring people directly? If you're hiring them directly, what are you doing for training?

Carrot sites... I'm a big fan, of SEO and Carrot, and you should definitely do that. SEO takes time, however. Adding PPC will help, but it still takes months to really get your SEO paying off. Again, what are your plans for the long run?

Contracts... Seems a bit overkill, but that's not really a problem.

Nowhere did you mention building a buyers list. I think that's pretty critical - again, especially now. Times are scaring a lot of investors away, but fortunately the best are generally continuing on.

As for the mechanics and other intricacies of wholesaling, I'm going to assume you've done your homework.

I do think it's critically important to always be truthful and transparent to the seller. Remember that you're here to provide them a service. They need to be motivated to do business with you in order to trade some of their equity for speed and convenience.

Good luck!

Hi, yes we do pick up some buyers along the way while dialing and I reach out in the areas when needed. Do you have any suggestions for building a more intricate buyers list? If I have a contract usually I'll try to target flippers in the area looking at various sources doing whatever I can to get in touch with them. We hired the PPC team, no SEO yet but I do really prefer it and am thinking about it. As far as time is concerned I will stay full time if this starts to look promising. I'm training the team currently to really fine filter out Podio and make it a pure lead machine. Eventually I'll want these guys to negotiate on their own deals and present comps / offer to me beforehand.

I just want to maximize every hour I'm putting into this process and not let anything to waste. Currently we're trying to pick one market to really dial in and focus on.

0 Votes

Originally posted by @Lydia R.:

@Frank J Miller Jr It sounds like you spent a lot of time getting a system in place. Have you spent any time putting lead lists together? Do you have a marketing plan? A marketing plan is essential if you are going to be successful. Do your callers have a script or have you given them any kind of coaching or direction on what to say? I tell all new wholesalers that they should start by making their own calls because they will get a feel for how they want their callers to talk to sellers. Its very hard to teach someone to do something you have never done. Also, you should be using the contract that was created for your state. Having an attorney draft a contract when there is already one created for your state is unnecessary. Do you have a title company? Does that title company do double closings and assignments?

It seems like you are almost there.

Ive been wholesaling for about 6 years and you are one of the most prepared newbie Ive seen so far! Keep up the good work!

Thank you. Yes to the title company and we have been teaching them for 3+weeks. We have an office space and are next to them.

0 Votes

I'm wholesaling from home full time for the next 3 months with a partner. I'm looking for any advice and guidance on what to look into information wise and anything anyone recommends to overall improve.

Some information about where we are at;

We currently have 2 triple line Mojo Dialers

- with four part time in-house cold callers (16 hours of calling done per day)

I launched Carrot Premium, thinking about their SEO service to really nail down the website. Previously had a custom website built but I wasn't a huge fan + Carrot has easy to deal with data. We hired a marketing team to do PPC leads over the next 4 months at around $3,000 p/mo

We use Podio to deal with all of our hot leads and buyers, currently are looking at ways to attack all leads so nothing goes to waste - even if we pass it to another wholesaler / outsource to realtor / etc . And will run comps using Propstream , Zillow , redfin, etc on anything necessary.

At the rate we're going now we can hit 96 hrs of calling p/wk + PPC marketing will begin within a week or two.

From what I understand, every state you enter you generally should contact an attorney to write up a personalized contract? I see some people using very simple forms but meanwhile I'm contacting attorneys and paying $600 for a contract fit to our needs.

I'm looking for any advice or information I should be directing myself towards. I have 3 months to see if this can be end up being something or not. My partner and I personally have funds to protect us and possibly buy a property or two ourselves but as of now we want to wholesale + pass any interesting leads off (which we do get plenty that are out of our hands dealing with)

1 Vote

Some information about where we are at;

We currently have 2 triple line Mojo Dialers

- with four part time in-house cold callers (16 hours of calling done per day)

At the rate we're going now we can hit 96 hrs of calling p/wk + PPC marketing will begin within a week or two.

0 Votes

All Forum Posts by: Frank J Miller Jr

Frank J Miller Jr has started 2 posts and replied 5 times.

Post: Investor friendly title company’s in New Jersey?

Post: Wholesaling at home 3 months

Post: Wholesaling full time at home for 3 months - need guidance

Post: Wholesaling full time at home for 3 months - need guidance

Post: Wholesaling at home 3 months