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All Forum Posts by: Jennie Berger

Jennie Berger has started 16 posts and replied 265 times.

Post: So, You Wanna Be A Wholesaler?

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

Thanks for the kind words @Christopher Leon!

Post: So, You Wanna Be A Wholesaler?

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

Hey @Tommy Adeoye Thanks! I'm ashamed to say I'm not very good at navigating BP's website. How would I go about doing something like you recommended? Glad you enjoyed the read! 

Post: So, You Wanna Be A Wholesaler?

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

WHOLESALERS, EVER WONDER WHY IT’S SO HARD TO CONNECT WITH INVESTORS AND CASH BUYERS TO ACTUALLY CLOSE A DEAL? YOU MIGHT THINK WE ALL SUCK, AND NO DOUBT, SOME DO. BUT FOR THOSE OF US WHO ARE NICE PEOPLE AND GENUINELY WANT TO WORK WITH YOU (HINT HINT ), YOU NEED TO SET YOURSELVES APART FROM ALL THE CRUMMY A$$ WHOLESALERS OUT THERE. AND THERE ARE A LOT OF THEM. BUT HOW? KEEP READING.

.

As investors we have tremendous respect for a quality wholesaler. The value you add to our business is unparalleled. If done properly. I mean, I can sit at home (or my office, or on some beach, or anywhere for that matter), while you do all the painful, frustrating, time consuming leg work to bring me a deal that’s going to make us all money. Sounds great, right?

.

Here’s the problem as I see it—EDUCATION & EXECUTION. Now, before you decide that you hate me, please know this post isn’t meant to bash wholesalers. And by no means am I an expert. I’m just a human being who has dealt with far too many wholesalers trying to make it in this industry who end up giving up, or failing, because they JUST DON’T GET IT!

.

As general contractors with 20+ years in the construction and building industry, we know how to come up with a scope of work and repair estimate on every project we consider putting an offer in. As investors we do a ton of due diligence on each market we invest in, and also call on the expertise of industry experts, such as real estate brokers. Does that mean YOU have to be a contractor? No. Do you have to be a licensed real estate broker? Well, yes, legally in Illinois if you’re going to wholesale more than 1 property every 12 months. But from an educational perspective, no way. In other words, you don’t have to know everything a contractor or Realtor know to be an amazing wholesaler!

.

In our opinion, here are some things that you can and should/should not do if you want to work with the most reputable investors around:

1. DO: Be transparent. Introduce yourself in a meaningful way. Ask if we’d like to be added to your cash buyers list.

2. DON’T: Lurk around Facebook groups, posts, and websites and put our email addresses for your list withOUT first asking if we’d like to be added. How many random emails have I gotten from wholesalers in various locations with properties I have ZERO interest in? Too many to count.

3. DO: Ask your buyers what their criteria are. This is vital! Imagine you came over for breakfast and told me you only like grape juice. Yet I keep pouring you grapefruit juice, over and over. Sounds ridiculous, right? Yeah, now you get how we feel.

4. DON’T: Send a blanket email to ALL of your buyers for the SAME property if that property does not meet their criteria.

5. DO: Write complete sentences and paragraphs. This includes addressing your email or message to a person’s name. This isn’t high school, and nobody is judging you--(that’s a lie, people judge you all the time and there’s nothing we can do about that)--spelling and grammar DO count.

6. DON’T: Just forward a ton of photos (that bulks up our email inboxes) and assume we want the property

7. DO: Email us with details of a property you have under contract that fits our criteria. That includes the address, asking price, repair estimates, and maybe some comps (though I’m doing my own research anyway).

8. DO: Provide accurate repair estimates (to the best of your/your contractor's ability). Remember, we may not see the house in person like you have. We depend on you to some degree to get a fairly accurate repair estimate when presenting your asking price and ARV.

9. DO: If you have little to no knowledge of construction, consider spending a day or two or three with a licensed contractor or investor who has building/construction experience. Ask if you can shadow them or walk through their next property with them to see things through THEIR eyes.

10. DON’T: Lose faith. All businesses take time to grow. DO: Plant seeds and nurture those seeds. Be friendly + Be diligent + Be genuine + Be thorough.

11. DO: Ask yourself: ‘Is this REALLY a good deal where BOTH of us can make money?’ If you’re not sure, then it’s YOUR duty to figure out WHY. What piece of information or education are you missing that you can obtain in order to make you a more sharp, quality wholesaler?

Develop a strong and credible reputation and investors will flock TO you. This business is all about who you know. People buy people. Well, we buy houses too. But, you know what I mean. If you’re the real deal, and have a proven track record, I’m 99.9% more likely to consider your deals (and not block you and send you to my spam).

Y’all, I hope this is helpful in some way. We are always on the hunt for great people who can bring us great deals! We sometimes have too many deals ourselves and need to pass them on to other investors, so we understand where you’re coming from. Any wholesalers or investors have something else to add here I welcome your comments. Be well!

Jennie Berger

Post: House Hacking vs SFH Investing - Chicago Suburbs

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188
Originally posted by @Victor So:

Airbnb has been great for me. When I can’t find a long-term tenant in between vacancies I rent out the rooms on airbnb and despite covid, I’ve had 90-95% bookings. In fact, covid has actually helped the cause since many of my guests were those who had jobs in the city but due to covid couldn’t go into work. They didn’t want to live in the city so temporarily rented my rooms on airbnb.

Some municipalities are very anti-airbnb (ex. Park ridge) but many support it. So do your due diligence to know who cities allow for airbnb and laws surrounding airbnb. For example, During covid, Chicago didn’t allow 1 day bookings so I had to change all of my bookings to minimum 2 days.

Where is your property located? 

Post: Why is Lumber so Expensive?

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

@John Lyszczyk 

Fabulous thread and incredibly insightful. Thank you for sharing. One question remains that I only noticed 1 person address--is there something else we can use/find/develop to replace lumber? Maybe not in its entirety, for the whole project, but perhaps use a combination of materials that would otherwise not be considered but can/should now be revisited due to the current price gouging? My fiance/biz partner is a GC and I asked him this same question. Waiting to see what he comes up with. :) In the meantime I thought you might have some insight into alternatives that we (the public) are not yet aware of. Located in Chicago IL, if that makes a difference. Thanks!

Jennie Berger

Property People

Post: looking to newtwork with like-minded people

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188
Originally posted by @Mark Ainley:

@Veronica Calvillo I will send you a PM for a female only real estate investor group that you can look into!  You will like this group...sounds like just what you want.

Hey @Mark AinleyI'd love to know more about that female group as well. :)

Hi @Veronica- so nice to 'meet' you. I'm open to connecting and seeing how/where I may be of service to you. Wishing you the best!


Post: *** Find Your Joy ***

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

Hi Ashley-

Thanks for your comment and sharing your thoughts. I wholeheartedly agree with you--helping others is incredibly rewarding. A lot of people get involved in this business with the intention of making a lot of money. There's nothing wrong with that, of course. But what I've discovered is that those who succeed and thrive ALSO have a true love of helping people. A need to contribute to humanity in some way that is bigger than just themselves. There are many people who exemplify this philosophy, but Tony Robbins is probably one of my favorites. What he preaches resonates deeply with me--he says (paraphrasing here) we must operate FIRST from a place of "How Can I Serve Others?" And then, the rest.

Have a great day and take care!

Jennie

Post: Cost to Clean a Estate Sale in Chicago

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

Hi Frank-

I have a great crew of 2 guys whom we have worked with before on multiple clean outs on the NW side. They've even done a horrible hoarder house for us, as well as smaller/in between sized clean outs. They are very quick and super easy to work with.  Highly recommend Greg with MMG Homes! 

Give him a call, text, or email. You can mention our names (Jennie & Greg from Property People) if you like. Good luck!

Greg Kolomyjski, MMG Homes Inc. (Happy to share contact details via DM. BP won't let me post it here.🤷‍♀️)

Post: *** Find Your Joy ***

Jennie BergerPosted
  • Developer
  • Chicago IL
  • Posts 275
  • Votes 188

Have you heard of Peloton? If so, chances are you’ve done a ride or two and have a favorite instructor. Or two or three. Umm, what the heck does this have to do with real estate? Keep reading, I promise, it will all come together. :)

Did you ever notice how dang good looking these people are? I mean does the company just hire pretty people? Let’s face it, they are b-e-a-utiful. What with their chic makeup, coordinating Peloton labeled workout gear, and professionally styled hair. They sure know how to put on a show! But have you ever stopped to ask: What makes them so dang attractive?

Yeah, they’re really fun. And they play great music. And they even sweat with us. No doubt, important factors for a successful group fitness class. But that’s all just part of the game. Their façade, if you will. Not that they're trying to dupe us. Not at all! But this outer layer that they show to the world, their students and devotees, is just that. An outer layer. There’s something else. Something much, much deeper about these striking individuals. Behind the makeup, the up-dos, and designer garb. You feel it every time they smile. It’s called joy.

Joy? Yes, JOY. Not happiness, joy. Make no mistake--happiness is a wonderful feeling, and I wish it for everyone! But joy is stronger, deeper, more reliable. Unlike happiness, joy is not dependent on any outside force. It doesn’t fluctuate up and down and back and forth, depending on what’s happening in your life on any given day. Joy comes from within, and you can connect with it at any time, for any reason. That's the key though: It’s up to you to find it. We do not wait on anyone or anything to find our joy.

Here’s a tip--Gratitude. When we feel grateful—grateful for our health, a safe place to live, someone we love, our pet, the sunset, a warm meal, the shoes on our feet, anything--it is easy to connect to joy. And when one is joyful, their whole being radiates, from the inside out.

This is what I witness in Peloton instructors. I’m not here to promote anyone, but I’d be remiss if I didn’t at least mention some of my personal faves. (If for no other reason than to give you a frame of reference for this post.) Robin Arzon, Jess King, Cody Rigsby--can't get enough of 'em. Why? Besides being totally awesome cycling instructors, it's also very clear to me that they are just darn grateful people. Grateful for what? I don't know for sure. But if I had to make an educated guess, I'd say, pretty much everything. And gratitude brings joy. And that joy brings a feeling of intense, deep, all-encompassing satisfaction and appreciation. You can see the joy in their smiles. You can feel it in the words they say, and the way they deliver their messages.

This is how Greg & I feel with the work that we do! Our job is about SO much more than flipping houses and making money. I mean, the money is great. And the adventure of being a real estate investor, in and of itself, is super exciting. But on top of all this, there is an incredible opportunity to connect with humanity. To connect with people, in some sort of meaningful way, each and every day. And that brings a real sense of gratitude.

Gratitude Leads To Joy.

Whether it's helping a struggling homeowner, or meeting with new buyers who knew they wanted our rehabbed house the minute they walked inside. Whether we are ordering from a tile supplier, or hiring a landscaper to spruce up the curb appeal on an upcoming new build. It doesn’t matter what you do for a living! House flipper, interior designer, general contractor, school teacher, fitness instructor, office manager, mortgage banker, bartender, vegan burger flipper…It doesn’t matter! You can find joy by connecting in some sort of meaningful way with anyone who crosses your path. OK, OK, it can't be that easy, right? Wrong!

How does one find joy? One method that works for us is simply by shifting my perspective about someone’s inherent value as a human being. That is I stop looking at them merely as a means to an end: eg: a vendor who can give me what I need to get my remodel done quicker and cheaper. Instead I pause and ask myself the following: Who are they, where are they coming from, and how can I serve them? Now, you don’t have to do this every single time with every single person you speak to. In fact, I'd recommend not obsessing over it because if you do, you might not get anything done. ;) The point is, gratitude can be found by simply transforming the way we think and perceive others and the world around us.

And Gratitude Leads to Joy.

Are you up for the challenge? Try it! I am confident, if you are able and willing to give this task a go, you will discover more gratitude, more appreciation, and by default, more joy. Please share your thoughts below if you are already implementing this in your own life. We'd love to hear about your experiences!

Go. Find Your Joy.

With Love & Gratitude,