All Forum Posts by: Lashonda Spell

I have gotten many different answers to this question, it all depends on how you want to start. I started with a buyers list and now am starting a sellers list. Some say once you have the properties the buyers will come. I am nervous about talking to sellers, so I started with the buyers list.

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Quote from @Patrick Drury:

@Lashonda Spell
I would recommend taking a look at propstream.

Checking them out now!

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Philadelphia, Pennsylvania

Quote from @Jp Kilduff:

There are a lot of services out there, as far as skip tracing goes take care to find one that offers flexible pricing options to fit your needs, has excellent customer service to walk you through the process, and even a referral program. If you'd like more information or a referral code let me know.

I would definitely like more information. You can inbox me. Thank you.

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Philadelphia, Pennsylvania

Quote from @Alex Benazet:

In my experience, most people who sell you lists aren't any better than what you can pull on your own. I would suggest partnering with someone who has access to the MLS in the area you're looking for, learning to pull direct public records data, and then skip tracing it yourself. https://batchskiptracing.com/ works just fine. All of this is pretty learnable and will save you money vs. buying lists. I would take the money saved on buying lists and put it into hiring a cold caller to hit as many numbers as possible.

Thank you for the information and the link. Didn't consider hiring a cold caller. I do know someone with access to local MLS data.

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Philadelphia, Pennsylvania

Since inquiring/ researching about which lists and services to start out using for wholesaling. I am receiving a lot of ads for different types of list, skip tracing services and lead generating services. Any advice on reliable service providers for beginners.

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Philadelphia, Pennsylvania

Quote from @Tristen Edwards:

I am a aspire real estate investor and looking to enter the business to possible earn back a quality of life. just wanted to get your perspective on if real estate investing can achieve this. What is your quality of life. Once you’ve achieved a thriving business what does a work week look like? Do you have freedom with your time and money?

Hello Tristen,

I also aspire to be a full time real estate investor and have the same questions/concerns; thank you for addressing these. Good luck on your journey. I want to surround myself with like minded people, I am here for any support and collaboration (present and future). Good luck!

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Hi Shawn,

I am very interested in your next meet up. I want to be there.

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Quote from @Chris Tarashuk:

Hey everyone, still new and been trying to do a lot of research on wholesaling. Grnerally I've seen people saying to have some sort of a buyers list before approaching a deal. Do you all agree and what are some tips in creating that list to begin with?

PS: Please share any other good reads or watches on wholesaling I have much to learn!

Hi Chris,

I am also new to RE in NJ and looking for the best way to get started wholesaling, especially in such an expensive market. I am surrounding myself with like minded ppl. If I can assist or support in anyway, just let me know.

Have a good day!

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Quote from @Andy Sabisch:

Quote from @Lashonda Spell:

Quote from @Andy Sabisch:

They range from $5,000 to $25,000+ and many of the people that sign up do not have the money to invest let alone pay for the training. There are some basic rules and tools that will help ensure you are making smart deals and most are available right here on BP. Ask questions and you will get FREE help. Join a local REIG and you will FREE help for your area. Pay for a course that is a one size fits all and you will find that many of the "tips" do not work in your area and now you have yet another bill that needs tending.Once you find a niche, focus on that and master it . . . a lot of these gurus preach do it all to generate money and you find yourself being a jack of all and master of none . . making expensive mistakes and draining reserves. Many preach wholesaling to get started and generate cash but for every success story they tout, your have 100 that made zero. I have called a number of the bandit signs to see who's behind the curtain and in only one case did the person know what he was doing (although his ARV numbers were inflated and reno costs under estimated . . . for those that wanted to flip and did not do due diligence, they would lose big time). The other bandit sign owners seemed shocked that someone called and froze when asking them questions. Investing is not a sprint . . .it is a marathon and learning takes time. These claimed "instant success courses" are just that . . . for the one selling the course. One perspective but one that has come from personal experiences and talking to a number of others that did in fact go that route and regretted it.

Hello Andy,

Do you think any of the students of these guru courses actually achieve 'instant success'? Asking from a speculative guru student. Also, if you are a serious introvert; any advice on successful real estate networking?

Lashonda, Anyone that claims instant success or touts one or two lucky students is hustling you. If it was really that easy they would be doing it rather than teaching it. I have spent way more than I should have for "education" that really was simply repackaging what is out there and adding a sales pitch (be happy to discuss off forum). The only advantage one could say on using these gurus is that one feels like they have to make it work after what they spent but getting someone that can keep you motivated can accomplish the same thing for free. As far as being an introvert, well that is me for the most part but running numbers and making deals work does not require an outgoing personality. I would be happy to talk to you and give you some tips based on my experiences as well as others that went the guru route - often with dismal results other than piling on more debt. Bigger Pockets is by far the best deal out there in terms of what you get for what you pay.

Thank you for the advice and would really appreciate any tips that you have. I am very introverted and networking is giving me anxiety but seems successful wholesaling doesn't work without it.

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Hi Georgia,

I am also new to the wholesaling business and am starting in NJ.

I have been listening to podcasts, reading books and watching Youtube videos and am worried about the NJ market because of its high standard of living and costs.

I can't be a mentor but if I can be of any support in your journey, pls reach out or just keep in contact.

The fear of starting something new decreases when your not the only one doing it.

Have a good day!!

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Newark, New Jersey

All Forum Posts by: Lashonda Spell

Lashonda Spell has started 2 posts and replied 13 times.

Post: Wholesale contracts NJ

Post: New to Wholesaling in Central NJ - so many lists, so many service

Post: New to Wholesaling in Central NJ - so many lists, so many service

Post: New to Wholesaling in Central NJ - so many lists, so many service

Post: New to Wholesaling in Central NJ - so many lists, so many service

Post: Aspiring real estate investor/Quality of Life question

Post: RockStar House Hackers of North Jersey

Post: Creating a Buyers List For Wholesaling

Post: House Flipping Mentorship Program Reccomendations

Post: Wholesaling Newbie in Northern New Jersey