All Forum Posts by: Robert Hall

I just passed my CA RE exam last week. Can you give me any advice on how to find a great Broker to work for here in San Diego, and what to expect as a new agent?

0 Votes

San Diego, California

Originally posted by @Kurt Michaelson:

@Robert Hall, I've been in the San Diego market since September and it's tough, but good. Good for learning and networking with other real estate investors.

I've used the Deal Machine app while I've been out driving for dollars and I'd send postcards to those property owners, once a month. I've also sent handwritten letters to these property owners too.

I can't say what works best in this market (San Diego) because each person's success and experience is different based on what they've done for their business.

Thanks for the info. I just passed my CA RE exam, so I may just go the traditional route.

1 Vote

San Diego, California

Originally posted by @Bryan Pham:

@Robert Hall

This is just more tools in the toolbox for you but be careful that when you are a license agent in California, there might be some legality issues if you continue and/or start work as a wholesaler.

Thanks for the reply. That's what I hear, that's why I feel it may just be best to focus on traditional sales vs trying to do both. I wouldn't want to start my RE career off with legal issues.

1 Vote

For the past couple of months, I've been driving for dollars, sending out hand written yellow letters, sending post cards via the Deal Machine app. Haven't got a wholesale deal yet, and in the process of this I've passed my CA Real Estate Exam.

So now I'm wondering if I should continue to pursue wholesaling, or pay my Salesperson license fee, get my license, and find a great Brokerage here in San Diego?

Any suggestions?

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Anybody out there having success wholesaling in the San Diego market? If so, what kind of marketing is working best for you?

2 Votes

San Diego, California

@Javier Osuna any luck finding those leads??

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Originally posted by @Chaddrick Taylor:

Hello,

I am a REALTOR® in the San Diego area. I got my real estate license primarily so I could have access to the MLS. While I am interested in working with clients, my ultimate goal is to be a house flipper, wholesaler and eventually buy and hold. If you have any advice that you could provide for a new REALTOR® or someone looking to get into real estate investing, I am all ears.

Hi Chaddrick, how's the business going today? I'm also in San Diego, looking to get into wholesaling.

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Originally posted by @Brian Daly:

Hey Tory - welcome. As Aarron said, you won't find a lack of buyers in San Diego. Some people are paying crazy prices. Aaron meant 85% minus repairs is what they will pay...basically means they are willing to work for almost free :) but as a wholesaler you can't go wrong. I'm a buyer in San Diego as well and love to work with wholesalers - we can take on some really big projects but definitely need a bit more spread than that. We started with wholesaling a couple years back and still do it occasionally - feel free to message if you need help sourcing a buyer.

If you can, get access to the MLS and find a few renovated listings. Most guys are dying for more properties right now, so they will welcome you with open arms if you have a real deal. Good luck.

Brian is the market still similar here in San Diego? I'm thinking of getting into wholesaling myself..

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Originally posted by @Account Closed:

@Shella Sanders I agree with what you're saying- a buyer should do their own due diligence...

But imagine a wholesaling business where your buyers trust you? How much easier would that make it for you to get deals sold?

These are some things I've noticed have improved my business when I became a more literate wholesaler:

1. When I can accurately estimate ARV: My buyers who have watched me do it accurately time and time again trust me. They can buy a wholesale rental property from me and forego an appraisal. Some who have seen their cash-out-refi's come through at or above my ARV number don't even ask for comps any more. How easy does this make my job?

2. When I can accurately estimate and scope out rehab for them: My buyers don't send in a bunch of different contractors. Hell, sometimes they don't even send in any of their own representatives aside from my property manager, who I have look at the property before I even present it to a buyer. They know what I tell them is going to be the rehab cost, and their costs often come out below my estimates.

3. When I can estimate market rents correctly, create a project plan for them, and offer investing strategy: They come back time and time again. They entrust me with their money because I treat it with greater care than I treat my own. When I hand pick a property and bring it to a buyer they don't pass on it, because I took the time to know what they want from their investments. I don't even have to email blast my whole list.

Imagine a wholesaling business where everything is sold before it's even bought. This is something you have to deliberately design. And although it is truly your buyer's obligation to make the purchase decisions that are best for them... you will throw rocket fuel on your business and set yourself apart from all other wholesalers when you do what they wont- make it your obligation to be an expert in your area so that your buyers can not only come to you for product, but for your knowledge of real estate investing.

ALWAYS BE BETTER!

Now how do you do this? How does a new wholesaler implement this from the start?

2 Votes

All Forum Posts by: Robert Hall

Robert Hall has started 3 posts and replied 12 times.

Post: Best resource for path to real estate agent

Post: Any Wholesalers in San Diego?

Post: Any Wholesalers in San Diego?

Post: My goal was to Wholesale RE, but just passed my CA RE Exam..

Post: My goal was to Wholesale RE, but just passed my CA RE Exam..

Post: Any Wholesalers in San Diego?

Post: How to find Probate leads in San Diego?

Post: REALTOR® in San Diego

Post: Wholesaling in San diego..

Post: The Truth about Wholesaling!