All Forum Posts by: Jesse Brown

Hi Kendall. I am a wholesaler in the Corvallis area.  It would be great to connect with you!

@Nick Bilaniv Hi Nick. There are a bunch of investors in town that are willing to share information about investing (I am one of them). Send me a private message and I will help you can get connected. BP won't let me share meetup information publicly without paying for a pro membership.

Generally, it's best to sign the purchase & sale agreement in the name of the entity that you intend to close or finance it in. That said, it is easy for the title company to change the closing entity prior to financing and signing. 

@Shelby Willitts Hi Shelby, sorry that link didn't work for you. The group name is Willamette Valley Real Estate Investors. We have an event coming up next Wednesday.

https://www.facebook.com/groups/1002835240167180/permalink/1119518158498887/

@Brandon Rich I love your motivation! I recommend bringing something to talk about and get advise on - a specific deal, a business plan, etc. It will anchor the conversation and allow the person you are speaking with to provide their insight rather than answers to scripted questions as @Tyler Lynn pointed out. A game changer for me was to create a local meetup group. This gives me a reason to connect and network with other people in a way that makes it about them vs me. You can also Join boards and committees for local real estate associations.

I recommend you setup these 3 things: Any free CRM (I use HubSpot), calendly, and zoom. You want to remove any friction and make the process as easy as possible. Calendly makes it very easy for people to view your schedule a pick a date/time that works best for them. You can connect zoom and calendly to hubspot. When someone schedules a meeting, it automatically creates or updates their contact In HubSpot.

In the beginning it was hard to adjust to networking during COVID, but now I find that with everyone being force to adopt technology, I am networking twice as much as I was pre-COVID.

@Aaron Acosta wholesaling is all about supply and demand. When I was starting out it was difficult to find properties, I was looking for everything I thought would make a good deal. Both my time and marketing dollars were spread very thin. Things changed for me when I realized that I needed to find a few very specific buyers and develop a customer persona.

Go to your local title company and ask them to pull a list of everyone who has purchased multiple properties each year going back 3 years. Also, contact every developer/builder in the area. They are great to work will because they have very specific criteria.

Once you have interviewed your buyers you will have a very clear set of criteria from a group of people that are actively buying. It doesn't have to be a lot of people. I was making over 100k / year from a single home builder. Contrary to what the gurus tell you, you do not need a massive list of buyers, and you don't need to pay for that list. You can build a healthy business with only 6-10 buyers, as long as they are actively buying/closing and have specific criteria.

Adjust your marketing for these new, highly specific criteria and the experience will be so much more enjoyable and profitable.

You will get to a point where you finish inspecting a property and know who to call, how much they will pay, and when they will close. Think of yourself as an extension of their team. All of the stress and difficulty is removed once you know which deals to say yes/no to. Being a good reputable wholesaler takes a lot of work, it is not easy money. If you have the right personality for it and develop good criteria, marketing process, and relationships it can be a very rewarding experience.

Summary: enjoy the process, don't over think the details (at first), identify the demand and go find it through very specific and targeted marketing efforts.

One more thing: Don't overthink your marketing. There is no magic wording or format that will make the phone start ringing. It's about consistency and timing.

@Karl Dela Cruz you should should definitely refinish the floors. Hardwood floors have a higher perceived and actual value. Less expensive than LVP and will help you attain higher rents and appraisals.

@Brendan Dwyer - Hi Brendan, I am an investor, PM, and contractor in Corvallis. I've teamed up with another investor here to start a REI meet up group. We just launched a Facebook group and will announce a virtual meet up schedule soon. You should check it out.

https://www.facebook.com/groups/1002835240167180/?ref=share

As a contractor, I have installed over 50k sqft of LVP flooring, different types from different manufacturers. Without a doubt LifeProof has been the best overall product and the easiest to install. It is readily available at Home Depot, great colors and realistic wood grain, very durable, low manufacturing defects, and by far the easiest to install. We haven't had any plank separation so far on any of our jobs. Prepare the sub floor, float low spots, sand down high spots, take your time with the install, verify edges aren't damaged, maintain a clean working area, inspect and clean the channels before installing each plank, ensure a complete lock and verify seams are running square/even. You will need to make adjustments to the entire floor occasionally, especially in the beginning when there isn't a lot of weight/friction. It is a good idea to stack several boxes on top of flooring on the first few rows to add wight and prevent movement while tapping new rows in place.  

Hi Patrick. Talk to your local title company. They will give you lists for free. I go through Mike Simonson at First American in Corvallis. Send me a message if you want help tracking down phone numbers or an intro with Mike.