All Forum Posts by: Jon LaBorde

I’ve been recently looking into creative finance and I was watching a video about seller financing and with me being new to wholesaling I’d like to focus on that and not take on these properties myself if I were to find the opportunity but the way the seller financing was explained in the video it seems like a great opportunity. I don’t know if you can wholesale seller financed properties or if this is even called wholesaling but I was just curious about how to go about making money off of finding these opportunities. Thanks!

@Jerryll Noorden ok that sounds good, but currently I’m just trying to get my foot in the door, so I’m not expecting to become a millionaire from this plan and by no means am I expecting this to work as my only marketing route in the business for more than a time or two, but I’d just like to get started in wholesaling and with this information I think it gave me everything I need l and I’m thinking I’m gonna give this plan a shot but I’ll definitely be looking to expand and adapt as I grow as a wholesaler. Thank you once again and you’ve been really helpful in figuring all this out!

@Jerryll Noorden the way you explained it was easily the best way I’ve heard it explained but the best way I can describe what I was told was “if you get a list of 1000-2000 there’s a 99% chance that you’ll get a deal, I’m not looking for a guarantee because I know it doesn’t work like that but I’m new at this and I’d like to get a running start so that being said I said I’d reach out to 10,000 people just to make my chances 99.99 if you know what I mean. I know nothing is guaranteed, especially with the way real estate is today but I was only asking this question to see if my plan sounded good and if reaching out to that many people did in fact give me a really good chance at finding a deal. Thanks Jerryll and I hope you can give me the answer I’m looking for!

I’ve been researching subject tos and I just just wondering, does subject to benefit the seller in anyway other than getting the mortgage liability away from them? The way I heard it explained is that you take over the existing mortgage and then you can either rent it or transfer the mortgage to someone for free but the videos I’ve watched never say anything about giving the seller anything other than money down to lock it up. I’m just curious, if anyone can give me a better explanation I’d really appreciate it, thanks!

@Nate Sanow would you say that 1000 prospects is a good number to get 1 wholesale deal, I’ve seen a lot of people say 1000 prospects is a good number to get a deal but I’m curious how true that is?

I’m a few days away from starting my first marketing campaign and I was wondering if anyone could tell me how many leads I need in order to get a wholesale deal, my first month I’m starting with SMS and cold calling and I’d like to reach about 10,000 people and I’m nervous that I should be trying to reach more. I have a good team helping me, I have a good system, I’m confident in my ability to talk to sellers because I’m a real estate agent and just am nervous that I should be trying to reach more people. My market is houston text. Thanks!

@Wale Lawal thanks Wale!

@Doug Pretorius I would pull a lot of debt lists (credit card, tax liens, water shut off, etc.) and I would also target probates and pre foreclosure those would be the primary list I targeted

@Doug Pretorius ok so I thought I explained myself correctly but looking back on it I didn’t do the greatest job, I’m just doing the texting to get started so that I have more starting funds to work with, once a get a deal or two under my belt I’m going to start up with cold calling and direct mail and all that stuff I’m just looking for a way to get into the business and my question is if I were to start there would it be a good idea. Sorry for the miscommunication and thank you for your time!

So I've been looking into wholesaling for awhile now and as of recently I've been getting closer to starting by the day, I already have cash buyers, I already have start up money, I have contracts, and I actually went thru a phase during the middle of the pandemic where I got really obsessed with wholesaling and learned the acquisitions side of the business, the only problem I'm running into is that I don't have the time to cold call all day every day and I've been researching SMS text blasting and I'd like to start there, my only concern is that I won't get a deal and that I'll end up loosing all my start up money (which I can afford to loose it would just suck) and I will have to save up again, I'm looking to reach out to about 10 thousand people thru the course of mid October to early November and I was wondering if anyone could give me any advice or ideas. My market is in Houston Texas and I would hire a VA to sort through the messages and contact me if anyone is interested in selling.

-Thanks