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All Forum Posts by: Jeremy Davis

Jeremy Davis has started 5 posts and replied 42 times.

Post: Wholesale business structure.

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85
Originally posted by @Ethan Garrett:

@Anthony Vargas currently I’m trying to find a real estate attorney to go over a contract with me and give me advice on how to structure my contracts and what means what. But I’m at the point where I’ve learned a lot on my own and I need a mentor to come and help fill in the gaps/ walk me through a deal, and how to decide what’s a good deal and what isn’t.

Just a bit of advice, it sounds like you're not approaching this correctly. You're trying to talk to attorneys about contracts, yet you don't even know how to analyze a deal. If there was ever an example of running before being able to crawl, this is exactly that.

You can contact title agencies and ask for theirs, you can download basic contracts, hell, you can even "borrow" from other wholesalers that email you. My point is, start where you logically believe you should start, and don't jump ahead or skip around.

Step 1: Start building a buyers list. You will need that much faster than you expect once you start marketing... and go from here


hope that helps ;)

Post: Successful strategies for finding wholesale deals

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85
Originally posted by @Robert Carroll:

@Jeremy Davis I appreciate it

 Ok Robert, you wanna know my secret? I become an undercover drug dealer with a mobile methamphetamine delivery service. I use "dealmachine" to track all the addresses I deliver to. I then contact the city, have them evicted/arrested/whatever, and I swoop in for the deal. Other than my undercover face tattoos and crazy addiction to speed, it's worth the hassle. It's either this or mailers, which I hate... easy choice, right?

Hope that helps

Post: Successful strategies for finding wholesale deals

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

Nice try hahaha :P

Post: Filing my first LLC towards a wholesale business

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

Just to update everyone. I decided to continue down my path of "self-filing", HOWEVER, I gave a phone call to the state business office, and I was very kindly walked through the common steps, and I feel very comfortable with the results. I do have plans within the next few months to be creating a separate JV partnership LLC, and when that does occur, it will 100% be done through an attorney, and I will also inspect my original filings at that time. Thanks everyone!

Post: Filing my first LLC towards a wholesale business

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85
Originally posted by @Ryan Xu:

Go with "wholesale trade, real estate....' since you're actually doing the business in that category. If you have other businesses on the side, just make sure everything separated in accounting.

The reason for people filing LLC is for legal protection. As long as you're doing business and maintaining all account stuff separated from your personal and other business, you're good.

 Thank you. Of course as a government business, they are "temporarily down for service", figures. But I plan to file as real estate category, and state under nature of business "The buying, selling, and holding of real property and assignable contracts"

Figure that should cover most of it, right?

Post: Filing my first LLC towards a wholesale business

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

Hey BP,

I'm sitting here, stuck on pause, while filling out my first LLC here in Utah. Everything was going smooth, all questions easily answered, and then BOOM! They ask me for my BASIC nature/purpose of business, followed by DETAILED nature/purpose of business, and then followed by an even MORE DETAILED nature/purpose of business, all of which have a code associated.... It gives me drop down menus for each, followed by further definitions as I go down to the next drop down menu.

So I'm stuck. Would I be filing as "Wholesale Trade, Real estate/rentals leasing, education, information, professional/technical services, or "other"?

Thanks everyone

Post: Utah Real Estate ZOOM Meetup

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

@Ryan Lehner I'm on mobile, am I not seeing the info on the zoom?

Post: Lead Gen for Off Market Multi-Units

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

@Daniel Robbins

Mind if I ask your opinion on sms blast campaigns you may have run?

I'm beginning my marketing next week, and planning (at this moment) listsource>skipgenie>Twilio. I know there are so many different combinations to achieve the same result, just wondering which you have tried. Thanks

Post: How I achieved $100K annual cash flow in 2 years

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

@Cameron Lam

Just curious, whereabouts in Utah? I just relocated to Salt Lake area from Los Angeles. Get ready for a different market ;)

Post: How to negotiate RE acquisition specialist compensation

Jeremy DavisPosted
  • Wholesaler
  • Salt Lake City, UT
  • Posts 46
  • Votes 85

Most has been answered here already, but if they provide you the warm leads, and you're job is to meet the seller, and eventually point them towards the contract to sign, this commission based rate is acceptable ONLY if the education you are looking for is of equal or greater value.

In other words, do you want to become a wholesaler and you believe this company can train you and acclimate you to all the steps and services? If so, the job is ok to take as long as you can afford it