All Forum Posts by: Marc Maitre
Marc Maitre has started 1 posts and replied 68 times.
There's a lot of strategies to be honest the answer is not really what works; because they all works each strategies depend on the person an market will yield different outcome. If you have a car and want to do that, sure, have a number that's not a personal phone and pick it up whenever it rings. google other strategies and stick with that strategy for at least 6 months to give it time to work.
Ask if the title company can do a blind hud or find one that can or get transactional funding and double close
Post: Newbie | Can I get MLS access without being a RE agent?
- Posts 69
- Votes 62
Batchleads;
https://batchleads.io/batchlea...
Listsource: https://www.listsource.com/
Listiva: https://www.listiva.com/
geopoint: https://geopointdata.com/
Best free wholesale course: https://www.flipwithrick.com/m...
literally, free no cap go on his youtube and learn all that you can. Good luck let me know if you nee any advice on things.
Post: Why do investors want to work w/Wholesalers vs Realtors?
- Posts 69
- Votes 62
Quote from @R. Elle Berry:
@Marc Maitre Thank you for your reply. I’m an agent that solely works with investors so I know all the strategies as well that a knowledgeable wholesaler would know however, investors are losing deals because wholesalers are contacting “us” the agents because there’s not enough inventory on the market. So, investors should contact agents directly to exclude the middle man “wholesalers” which is making them lose great deals.
If you’re a wholesaler that assign contracts without the help of agents (one would hope) then that is fine and I am not speaking to you or about that concept. I’m only speaking in regards to wholesalers contacting agents for investments properties to then sell to an investor.
I see, so you're saying wholesalers are going on the MLS, contacting the agent, and try to wholesale to another investor. And I'm glad you know how to work with investors knowing both sides can be lucrative for realtors, always preached that to the realtors I worked with.
Post: Why do investors want to work w/Wholesalers vs Realtors?
- Posts 69
- Votes 62
I think the question should be why Investors work with knowledgeable Wholesalers—a good wholesaler should know the market and good areas to invest in, they can run comps, and all the skills a realtor has, except we know other strategies that realtors like seller financing and how to pitch it, Novations, run hard complex rehab numbers etc. A seasoned investor won't work with a newbie wholesaler unless this person knows how to find good deals. I am a wholesaler in the Cincinnati area and have worked with developers and other investors.
Most realtors don't have the skills to find off-market properties or don't want to work to find them; the listing comes to them from friends and family or through the broker, and they make the commission. But investors are looking for deals off the market, and a good wholesaler is how you can do that. Wholesalers will negotiate the best deals, do all the marketing, and deal with all the transaction headaches; all a buyer/investor has to do is make sure they fund the deal. Not to bash realtors most don't even know how to run numbers on real estate deals, trust me; I know I spent time as operation manager for a small real estate team, and I was the one teaching them about cap rate, ROI, MAO, ARV and all that. From my understanding, it's the same for brokers. They don't get off-market deals, or if they do it's already going to select investors they have built a connection with. And you have to understand sellers now are not looking to pay closing costs, so many realtors are losing because sellers are going off the market where an investor will pay their closing price. I hope this helped. But everybody can win if realtors stop worrying about wholesalers. They can eat too, but some get all butt hurt cause we make so much money when we can all work together to eat. Abundance mindset always.
Quote from @Lydia R.:
I feel like some of the issue is that the term 'novation' is being used differently by different people. In the traditional sense, a novation is just a change to an agreement. But some guru found the word and decided to use completely differently from its true definition. The alternate way i have seen novation described is essentially a JV partnership with the seller. Seller adds investor to the deed, investor spends their money rehabbing the house, rehabbed house is put on the market and sold, investor and seller split proceeds after investor is reimbursed all their capital spent on the rehab.
The gurus have to come up with 'new' and 'innovative' strategies that no one has heard of before. So they manufacture terms and alternate strategies to get people to watch their videos and subscribe to their channels and buy their masterclasses. I dont understand how novations arent just amendments. But thats the game now, come up with something new for clicks and likes.
I definitely know who you're referring to lol it's crazy because I've just learned from this post Novation is not what it is; I was all ready to dive deep into it, but yall have already made it super simple, and that everything else on youtube is just fluff to get me to spend my hard earn money. And I've watched videos of guys trying to sell their course and call it anything but wholesaling to trick newbies into thinking it's something else.
Have you tried going straight to the county clerk for those departments and seeing if you can pull more data? or if you are out of state paying a birdodg to go do that.
If you want to learn about wholesaling, learn from Flip with Rick. All of his content is free and he breaks it down in his freecourse https://www.flipwithrick.com/m...
Why does this elaborate on your thought process? Dude, Just call, man lmao. I'm confused here. First, you want to focus and become an expert in one or two of that strategies. Each of those takes a different strategy and set of knowledge. Pull a list from your county period and call those leads, send mailers, or door knocks, whatever strategy suits your skill set the best.
Don't overthink it. Contact that through any medium possible, social media, calls, text, VM, email, pop-up on their current rehab projects, REA, etc. Ask them how they fund deals and if they can put EMD and close in 3 weeks or less.