All Forum Posts by: Mikeala Weaver

Hey Everyone. Not sure this is the correct forum category, but anyway….I’m currently flipping my 4th house. All is going well but I’m thinking of my next one. Instead of trying to get a deal on one that’s on the market, off market, or through a wholesaler I’m wondering how I can cut all that out and buy like wholesalers do. Only problem is I don’t know how they do it. How do wholesalers get their properties? Are there other ways of going to the source and buying houses as cheap as possible? Other than going door to door and leaving my contact info incase they want to sell.

You can do a ton of things to get this done:

1. Mail to people that have ugly houses
2. Cold Call them
3. Door knock them
4. PPC
5. Facebook Ads
6. Talk to people that are having garage sales
7. Drive for dollars

This situation you are substituting paying for the deal by spending your time!

I'm curious. I was looking into wholesaling and actually started taking action until it came to the cold calling. Personally, I don't like the idea of calling homeowners because I don't know how many other wholesalers has contacted them through the phone. I always try to put myself in other peoples shoes. Can you still be successful at wholesaling if I were to focus on sending them mail? I feel like that would be a better option for me.

Mail gets expensive. Quick. You are eventually going to need to hop on the phone. Say you get a house from your mailers, you will then be under contract and majority of conversations will be over the phone. Remember, wholesaling doesn't have the greatest % of closings, so if you think cold calling isn't your thing. Wait until you have to have a conversation with the homeowner that is already partially moved out and you have to tell them that the deal is off.

And just FYI. Cold calling is a dog eat dog world. If you're not making those phone calls to the homeowner, another wholesaler is.

In order to have something you never had, you must do something that you've never done.

I just seen this message. I get that. I'm ok talking on the phone but not cold calling. This is because of personal reasons. I've worked in customer service and have held other positions.

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Quote from @Peter Mckernan:

Quote from @Mikeala Weaver:

Quote from @Peter Mckernan:

Quote from @Michael Furey:

You can do a ton of things to get this done:

You do not have to do cold calling. That is one aspect, you can do just door knocking or driving for dollars.. It is also up to your market too, what people respond too

O ok. Thank you. I'm going to look more into sending out mail. I've done D4D for a little. I thought cold calling was the go to.

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Quote from @Brad Bedel:

First post here just looking to get some advice on my strategy of acquiring my first properties. I'm a single male, that makes about 100k a year I purchased a home back in 2015 in the financial housing crash in the neighborhood of 50k (now worth in the neighborhood of 225k) my plan is to pay off my current property by the middle to end of this year. I plan to save back between 50k and 75k in cash the year of 2025 and potentially refinance my house along with the 50-75k cash for a total of around 230k ish to buy a couple of properties with hopefully at least 1 I should be able to pay for outright. But I'm wondering if it's the right way to go.

Welcome Brad.

I just wanted to share some insight with you. In my opinion, there's not a right moment to do things. We tend to put things on the back burner, waiting for that moment that never shows.(Not saying it won't but life happens) The key it to get in there. Figure out which strategy you want to use and find an "opportunity and make the deal." I don't know if I said it right. Lol.

I wish you success in your investment career.

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Indianapolis, Indiana

Quote from @Akash Patel:

Hey everyone,

I am new to the real estate investing community! 🏡💼 Excited to learn, grow, and connect with fellow aspiring investors. 🚀🔍 Ready to turn my dreams into reality through strategic investments. Looking forward to connecting with fellow investors!

Welcome Akash. I wish you success in your investment career.

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Quote from @Kaitlyn Aragon:

Hi there!
I’m trying to work on being vulnerable about being new and my situation. I always tell myself - “I’ll start connecting when I’m more experience” when in reality, reaching out and laying my cards out might be just what I need.
- I’d love to get some thoughts on my situation. I am 27, payed for a flipping mentorship back in 2021. I feel like I know so much but nothing at all at the same time. I have access to a lot of investors, contractors, and real estate agents but no relationships built with them.
- my financial situation: in a W2 job making about 40k a year (been here about a year). About 40k in a mutual fund. Only debt I have is cc (5k), car loan(abt 4k left). Credit score is about 740.
- I’d like to start off with a brr and get some experience with contractors before going into flipping. I want to get at least one passive income generator under my belt and then do a few flips for some active income.
- my questions are: where do I start? Talking to a real estate agent to find the property? Look for funding first? Talk to HML? See what different lending institutions have to say about my situation? Make connections with contractors? Find the property on my own? Learn more and wait? Save more?
- any thoughts and opinions are greatly appreciated!!!!

Hey Kaitlyn.

Welcome. I know exactly what you mean as far as putting yourself out there. From what you've said, you have all the resources you need to get started from my opinion. You have to start somewhere. I came across a quote, "If you've never made a mistake, then you've never tried anything new." I think that was Albert E that made that quote. As we take action, we learn what to do and not to do. Things will start to make more sense. We can have all the knowledge in the world but know nothing if we haven't experienced it.

I'm also new to and it's taken me a while to get the this point. I get nervous when it comes to meeting new people. Doing things that are unknown is natural. That's the "fun part." That's creating room for you to grow. If you're not learning and taking action, then your not growing.

Anyways, I was just providing words of encouragement. I wish you success in your business. :)

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Charlotte, North Carolina

Quote from @Peter Mckernan:

Quote from @Michael Furey:

You can do a ton of things to get this done:

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Quote from @Daniel Dobbs:

Welcome to BP! So many great resources and great people.

Thank you.

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Louisville, Kentucky

Good evening everyone.

I'm working on building my team for real estate investing. I want to connect with other investors, investor friendly real estate agents, real estate attorney, tax attorney, contractors, as well as anyone else that would be involved in the process.

My focus is LTR, BRRR, and fix and flips in Louisville, KY.

So if you're one of these people and what you do, match my goals, please by all means, LETS CONNECT! Even if you don't think we could work as a team but you have the connections, I'd appreciate any information that would help.

I look forward to working with you all!

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Louisville, Kentucky

Quote from @Rob Bergeron:

Quote from @Mikeala Weaver:

Quote from @Rob Bergeron:

Quote from @Mikeala Weaver:

Quote from @Rob Bergeron:

Quote from @Morgan Gutierrez:

He is the Bigger Pockets Podcast Host. I'm sure there is a BRRRR webinar coming soon as well.

https://www.biggerpockets.com/webinars

I work with David actually.

That's cool. So what do you do? I see you're listed as a real estate agent. What's your story?

Moved to Louisville, didn't really know anyone, started working with a big wig investor from my craigslist ads. Once they started working with me, other people assumed they should to and then I had to learn it all! Went to every meetup which ended being two to four events per week. Eventually I learned a great deal and ended up being one of the smarter people in the room and things I didn't know I knew who to direct people to from going to everything. That all kind of spiraled into working with wholesalers, creating an site to help wholesalers move their assignments, etc. One week I picked up seven new out of state clients and finally asked how did you find me? They said they heard Louisville when David was on the podcast (he didn't action mention Louisville, it was just what came to people's minds I guess). I then reached out to David and said "You generated some business for me this week, how can I help you?" A few months later we hosted a happy hour with David out in California. We brought 16 million in off market deals, property management, title, lenders, etc. We brought the Louisville infrastructure to California. Now, I do all those same things, but I've AI automated my company. We also have an AI seller follow up software that generates appointments with motivated sellers. All very fun! Going to Mexico for about a week to figure out a more passive sales plan for the AI software. All fun things! Real estate and meeting the right people can really take you anywhere.

Ok. By your opinion, do you still think craigslist is reputable? I do think attending meet ups is a great way to not only expand on meeting new people but knowledge as well. If I was to get an assignment as a wholesaler, how who I get access to that site? I'm just now looking into AI. I've been avoiding it but I realized that AI isn't bad. It's people's intentions behind it.

I've been wanting to get into real estate since I was about 17 years old. I'm 34 now. Never knew where or how to start. I want that financial freedom and stability for my family and I. Always been on food stamps, moving every years. When we were younger kids, we'd go without lights or food. My mom did the best she could at that time. There's 5 of us who she raised on her own. Even when my dad was around, he wasn't present with us. We was always with our mom. I want more for us. We deserve it. I also want to help others. I have so much I want to give back to the world. We've been truly blessed. I'm eternally grateful. Also, I want to travel the world. Thank you for sharing your story.

Do you have a list of cash buyers, insurance, contractors, ect that you'd recommend?

We have over 20,000+ cash buyers on our buyers list. Happy to plug you to my infrastructure. I was posting real estate listings on craigslist, but that was 10 years ago.

Ok. That would be great! Thank you.

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Louisville, Kentucky