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All Forum Posts by: Josh Wagner

Josh Wagner has started 1 posts and replied 14 times.

Post: First Time New Construction | North Carolina

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18
Quote from @Jacob Sherman:

Would love to connect and discuss some first time builder construction loans . There are options for 50% of land covering 100% of construction 


 I'll send you a message, thank you!

Post: First Time New Construction | North Carolina

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18
Quote from @Paul Sofia:
Quote from @Josh Wagner:

Hello! 

I was wondering if there was anyone in here that builds new construction homes in North Carolina? I've wholesaled homes for 7+ years, flipped several houses, and am looking to now focus on building homes, both infill projects and subdivisions. Are there any local or semi-local banks that offer loans to those with no experience? Hard money lenders? Thanks in advance!


I can flip you over to a lender here in the Carolinas. Let me know and I can put you in direct contact with them Quick closings. What is the LTV you are seeking?

Thanks, Paul! I am looking for roughly 70% LTV coverage

Post: First Time New Construction | North Carolina

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

Hello! 

I was wondering if there was anyone in here that builds new construction homes in North Carolina? I've wholesaled homes for 7+ years, flipped several houses, and am looking to now focus on building homes, both infill projects and subdivisions. Are there any local or semi-local banks that offer loans to those with no experience? Hard money lenders? Thanks in advance!

Post: Finding Seller Info

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

Hands down, one of the best resources for finding family is Skip Genie. A great free resource is true people search (dot com). There are also other fantastic skip tracing resources that offer relatives data, such as Skip Matrix and Direct Skip. 

Post: My lead generation sucks, I need help

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

We built our business solely off of cold calling Driving For Dollars leads using Deal Machine. We only stopped doing that last year because we were tired of driving for nearly 4 years straight lol. 

But it works. I am living proof. The problem is not your data, the problem is your marketing efforts. Anyone can pull a list or drive for a list, hit it one time, and consider it "exhausted." But the truth is that the data is nowhere near exhausted. You just don't have the proper insight into your data to determine how to get in touch with your prospects. 

We still cold call for 100% of our deals today, and will do about $1M in assignment fees this year. 100% of our deals come from manually pulling our own data. And I'd venture to say that 90-95% of all those deals would qualify as great Driving For Dollars leads based on their physically distressed appearance. 

For those who tell you the only way to wholesale today is to do it with PPC, I would say that's highly incorrect. Sellers don't need to find you first. If you master the ability of finding sellers faster than your competitors when their problems arise, you will consistently win deals. 

Post: Locating Buyers Virtually

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18
Quote from @James Wise:
Quote from @Kyle Thomas:

Hey BP, I'm looking for direction and/or tips on finding buyers, shopping around contracts, and developing a buyers list when virtually wholesaling outside of your home market.


 Be awesome at marketing. Take your shirt off and paint your body blue.


 I don't think anyone could deny your claim. 

Post: Locating Buyers Virtually

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

- Facebook: Nearly every major market has an investor FB page you can join. Just type in something like "Cleveland Investor" in the search bar and I'm sure some pages will populate. Post your deals in those FB pages. There's a high chance you'll land your buyer there, as long as the numbers in the deal are favorable. 

- County GIS: We use this all the time. Whatever county you need buyers in, you can utilize the GIS for finding LLC property owners. In new markets, when we lock up a deal, we scour that neighborhood for LLC owners to contact. We then use OpenCorporates to search the LLC Name to find the registered agent name (which is almost always the property owner). And then we skip trace their name and the registered agent address.

- Propstream/Batch Leads: Always a fast and reliable source for download buyer lists and contacting them. 

- InvestorLift: Expensive but very effective 

- Bandit Signs: Have someone local to the market you're operating in place some bandit signs around town with a message about needing cash buyers. 

Post: Fayetteville Closing Attorney Needed!

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

I'm local to Fayetteville, and I don't personally use any attorneys in Fayetteville for any of my closings. 

Jennifer Fincher is great. She's thorough and I have nothing bad to say about her firm. But if you're looking for the ability to consistently close quickly (two weeks or less), I'd go with another firm. Most reputable attorneys in North Carolina will close deals across the state, so don't limit yourself to attorneys local to the deal you need closed. 

We personally use or have used with positive experiences: Harry Marsh Law (Charlotte), SL Cox Law (Garner), Zara Law (Fayetteville).

If you use SL Cox Law or Harry Marsh, tell them I sent you. They'll take great care of you.

Post: Ethics of Wholesaling

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

The "bulk" approach works, as does mostly any strategy for getting deals in wholesaling. It really comes down to how you want to operate. 

As for hiring the same agent that's representing the seller you're offering to... well, it probably depends on which state you're operating in. For North Carolina, the agent becomes a dual agent, which is a fancy term for a paper pusher with a sock in their mouth. They can't negotiate for either party or offer real estate advice, among many other things. And that might be even trickier to pull off, being that the Seller is already a client of the listing agent, and would have to agree to taking less representation than they previously had with their agent. 

The better approach might be to partner with a local agent who can represent you solely, and have them submit offers on your behalf and negotiate with the cross agent. That way you have the full representation of your own agent and you're not dipping your toes into any gray areas. 

But to be honest, as a wholesaler myself, I can tell you there are a multitude of much better sources for deals than blasting offers to listed homes. Yes, it does work. But there's better ways. 

Post: Is anyone utilizing public notices to genereate leads?

Josh WagnerPosted
  • Wholesaler
  • North Carolina
  • Posts 14
  • Votes 18

Yes! County data and public notices are genuinely the best sources for deals.