All Forum Posts by: Johnny Groves

The "free" seminars they offer is filled with sales pitches... in fact I think that free seminars are really a strategic way that they do lead generation to upsell numerous products and trainings that are not for free.

Rich Dad Poor Dad trainings are a great place to make connections, however.

Good post!

Last seminar I went to was loaded with a bunch of potent sales tactics (like I was attending an self help guru seminar). They get your emotions involved and keep conditioning you to agree with things they are saying so that when they say you need such and such product you will believe them and be more likely to buy.

They're material may be really good but it over saturates you and if you haven't first mastered the stepping stones and the basics of whatever new chapter of real estate that you're exploring, my experiences are that the additional upsell material provides little value.

I'm really weary of "gurus" who tell you all the benefits you'll get from their seminars and products.... only to tell you while your at their seminar that you need "more".

I agree that bad reviews should be handled professionally and promptly, but a lot of people don't hang around past the bad review to know about what type of customer service or end result there was.

True, if you get a bad review you can and should try to work it out for good, but I think it is a more solid practice to go the extra mile for each client and taking the extra time to make sure that they are well taken care of and happy. Also, setting their expectations and making sure that their expectations are congruent with whatever deal your involved with them in is also very important.

Negative reviews can be prevented, so prevention is the best practice in my opinion.

It's amazing what types of things make buyers want to back out of deals, but great job on closing!

I just finished a wholesaling deal that netted an $80,000 assignment fee. This was one of those needle-in-a-haystack deals that was hard to find. 

Anyway, the house had a lot of equity in it too. But what made this deal even more possible for me was some of the obstacles that most wholesalers either wouldn't know how to deal with or they wouldn't have been able to deal them in the short amount of time I had before this house went up for auction.

Having multiple heirship issues also didn't help...and by "issues" I mean that we couldn't identify (legally) all the heirs to this property.

So, hiring an expert genealogist was key to our success in closing this deal.

Good deals like this often bring lots of adversities. For example, with this deal we needed to close in a matter of days (not weeks) and the title company seemed to be taking its sweet time.

Loopnet hasn't added anything to my bottom line. Of course, I don't dabble in commercial real estate.

"How to become a wholesale millionaire" by Mark Lane is a good wholesaler book.

To begin wholesaling learn the terminology and then connect it all so it eventually flows into seamless deals for you. For example, you can learn about marketing, comps and how to do comps, walking properties, negotiating and how to make offers, how to get sellers under contract, etc.

But also learn how to get a good buyers list so you can build a solid relationship with your buyers.

This is only some basic stuff to learn if you're just getting started. You also may want to learn about various types of lists you can get, such as vacants, probates, and foreclosures.

My vote is also for Houston, Texas. Too much diversity here and the economy is strong, but like one poster said you will need to drive a lot to look at properties. Everything is far away here. 

Hey all, I am a wholesaler and investor from the Houston area. I mainly do probates and FC, and I focus most of my attention on vacant properties. In the past I did most of my business through PPC leads and mailing lists, but direct mail began to give me diminishing returns so I changed my business model to a better one.

I find that no matter how hard we work at our work that there are always certain obstacles that prevent most of us from reaching our full potential, so I began to solve those problems and after a lot of testing, trail and error, I'm finally moving forward in such a way where I can consistently work smarter and not just harder.

Nice to meet all of you. I hope to learn a lot here!