All Forum Posts by: Ashley Guzman

Hi guys! Just curious if wholesalers network with realtors? In other words, if I find a property that is not a viable listing I would refer it to my wholesalers and visa versa...what are yalls thoughts on this?

Good deal! I actually got an email today that they are doing some promotional pricing..so may be really good timing 😉

I got mine online through Allied Real Estate. Great courses and you can go as fast or slow as you would like. I recommend getting Barrons exam prep as well from Amazon. It has actual exam questions (national only) and was a great help to me. I did my courses pretty quickly while working full time, and I was able to pass both portions of the licensing exam the first time. Hope this helps! Good luck!!

Technical difficulties with my phone!! Jeez...@Ashley Guzman

HI @Brandon Reed, I finished my course about 2 months ago for Texas and I passed both state and National the first time. I used Allied Real Estate Courses. I thought the courses were great, very detailed and your wife can work at her own pace. She can read through all of the material and take practice exams before she takes the final on each portion, or she can work backwards like I did and brief the practice exams before going over material. There are no timers on each page like some course materials. I got the exam prep, which was, in my opinion a waste of money, so I would recommmend just the basic course hour material. I did buy a supplemental study book from Barrons- Real Estate Licensing exam for sales person, broker, and appraiser- cost 10 bucks and helped tremendously! (Amazon) I recommend she get that about a month from her licensing exam. There was a ton of test questions very similar to the ones on the actual national exam in the book, so it was great prep and I think it's why I passed the first time. Allied is a good, inexpensive choice and compared to some courses I have seen my colleagues try and struggle through, I believe it's one of the courses out there. Good luck! Hope that helps a little. and struggle through, I think its one of the better online courses out there.

Hi guys! Been quite a while since I have been on here, life took a walk about. Anyhow, I started advertising again and seeking deals and I had a wholesaler contact me with a property he needed to sell. He offered a finders fee is I found a buyer, however I thought a JV would be more appropriate or splitting the profit down the middle. I will take what I can get at this point, I just feel like I do not want to set a low standard with this guy and/or leave money on the table if I go through the effort of reaching out to buyers on my end. So what is appropriate here....the deal is in Bridgeport Texas if that makes a difference. Thanks y*all...look forward to your answers

Sounds good Roy. Will do. Thanks!

You are very right Jeff! I totally agree that a person really needs to know what they are getting themselves into when they think about becoming a wholesaler--you should write a blog about what we should ask gurus...haha Those guys are for the birds. Thanks for the encouragement! I look forward to reading more from you.

Thank you very much Jay! I agreed with what Jeff said as well, I just felt like he was lumping all wholesaler together-- which really hit a nerve. :) Not everyone is looking for quick and easy. There are those of us out there who relish education, growth, honesty and hard work as a means to making money . :)

I would say that these tough questions should go both ways. We  as wholesalers not only market for sellers, figure out the numbers, negotiate price and set up the contract but we also deal with our end buyers and cultivate relationships. I personally like to know that the person I am assigning a contract to, or doing a double close with has the funds to follow through. I like to know what area they prefer and see some of the rehab work they have been invlolved with. I have heard stories of buyers not performing as well.  If an end buyer cannot follow through then I, as the wholesaler, will be left holding that contract and will be liable for it. I can assure you, I do a lot more than provide an address. I think the term for that would be a bird dog. Now, I have not done one single wholesale deal. I have, however, talked in length with several buyers about what they are looking for, what their particular margins and needs are and how  I can better work with them. I have a couple of agents who run comps for me, and I took the course to get my real estate license because I am serious--just because I have not yet gotten a deal does not mean I wont get many deals in the future. Everyone of us has been new. Everyone has fudged deals and made mistakes .Even the best and most highly skilled wholesalers had to start somewehere--many of whom were never first involved in flipping houses. I think advising buyers to steer clear of new wholesalers is doing everyone a disservice. How am I to gain experience if I already need experience to gain it? I agree asking questions is critical. Knowing your business is critical and doing your due diligence is as well. But shunning a person for having a home office or not already having 100 deals under their belt both stifens growth, and keeps people who could be game changers out of the game all together.  I don't think that is what this business, or BP is all about.