All Forum Posts by: Kris Eubanks

 I believe on-market is the best place to find wholesale deals> Watch this guy who does hundreds of w/s deals a year. Youtube channel: Flipping Mastery

@Rick Albert is dead on. Agents want (or should want) proof of funds to protect their sellers interest. Or they should do some due diligence on the buyers ability to actually perform. They should also not be concerned with their personal interest / commission but we all know how ethical people can be....

You may however be on to something as the market shifts and sellers look other options if their homes sit for a while. May want to go after the ones on market 60+ days where there is a high level of motivation. 

Genuine question- how do you find more money in MLS listed properties as a wholesaler? Offer 30% less and hope to find a buyer for 10% less? Offer list on distressed properties, re-package it with repairs to get to ARV and sell for somewhere in that range because no other investor/flipper/contractor wanted to touch it at list? Never done wholesaling…

 That's absolutely a great question. As far as I can tell most wholesalers don't know the role title & escrow play.

The more sophisticated wholesalers will want to get a prelim title report so they can see if there are any title issues before they assign it to a buyer. This approach cuts down on problems before they happen.

I'm not sure if TN uses title companies or attorneys for title or if both are used but in the west coast states I have relationships with title companies that won't bill me for the prelim if the deal doesn't go through. Escrow is important because it makes sure everybody gets paid properly and all documents are correctly done and recorded. Very few wholesalers understand what escrow entails or the risk they are putting themselves at by skipping steps in the process.

Call around and ask title companies if they offer a 2 hour seminar on how to use title and escrow. A couple of title & escrow companies here locally offer that on a regular basis. 

@Kris Eubanks - it kind of depends on what you're interested in doing in real estate. If you need an intro, then How to Invest in Real Estate by Joshua Dorkin and Brandon Turner. If you're looking for something specific, like house hacking, or a realtor-related book, you can search the BiggerPockets store for the particular strategy you're interested in. If you want a general investing book, I recommend The Most Important Thing by Howard Marks, and if you're looking for a good business book, I recommend E-Myth by Michael Gerber. I hope this helps.

Hey man! Hope your journey goes well. I am definitely not wholesaler but I'm also someone who's been seeking mentorship recently and wanted to share a couple things I learned:

- Keep actively looking for deals and getting those reps

- Attend meetups in person and try to have as many meaningful conversations as you can

- Try to reach out to potential mentors with their best interest in mind. The people that you'll want as a mentor have found success in wholesaling. To be a successful wholesaler, they must be busy. So understanding that, try to illustrate the value you can bring to THEM. Why should they mentor you? What's in it for them? 

Lastly, prove your committed to the path for the long term, rather than asking them to help with only your first deal. If anyone is going to invest their time in you, they'll want to see that you're truly interested in pursuing the business and you'll maybe be able to repay the favor in the future (ie bring them a great new deal you sourced!)

Good luck man! I totally get where you're coming from. Hope this helped