All Forum Posts by: Robert L.

Thanks for sharing. Negotiating can be powerful, but if you know your numbers are good, best not to compromise. Cool

Renee Harris I concur with Mark Pedroza about the 2 day cram exam. It helped both my wife and I pass the first time. Before that, we took Duane Gomer's training (books & online).

Hi Danielle and Welcome to the BP community, I'm marketing in Ventura with the intent to Wholesale. Something in testing I learned recently. If you are doing any marketing/advertising, get a local business license. At least Ventura requires it. Best of luck to you.

Hi Lisa and welcome, You just missed the Ventura County Real Estate Investor's Club. We meet at Mimi's Cafe in Thousand Oaks every second Thursday of the month. It's free for your first time and $10 after. You can find the club on Meetup. There's no sales at this club and it's a good networking opportunity.

And Anthony Nguyen gives a very good tip, which could be worth several thousands of dollars. Because apparently, if you don't have that in your PA (disclosing your intentions) it is possible that IF someone gets upset or just decides they want to call the CA department of real estate and mention that you assigned the contract to someone else... And receiving money for that activity... It is possible (if you're not licensed to do so) that they COULD (if that intension was not disclosed) slap down a hefty fine for performing what they consider to be a brokering activity for each month of operation. There's states that are cracking down on unlicensed activities. But, I have heard (from a Broker) that as long as you disclose your intension to the seller, that you do not intend to be the end-buyer, it is legal in CA to assign the contract to another buyer.

Personally, while starting out, I figured an affordable strategy is going to be, stick to mailing out to one zip code. Mail to that zip code several times, since response rate goes up each time. I've sent 300 yellow letters and received 5 total calls; 1 upset lady I was able to help realize I'm not some scum of the earth investor looking to take advantage of some poor sole. 2 sellers and someone called right after the angry lady who I would have to go back in my notes to remember what they were asking me about. My first round of letters I had mentioned I'm an investor and have since realized that may not have been the best message to send out. But, I was taking action. Now, changing my message a little to the same people. Michael Braun Are you wondering about what to say when someone calls? Start by just listening to their need. And I highly recommend a Google Voice phone number. It can help let you know who is calling you and prepare you for the way you answer your phone. I can also send over a list of things you may want to get out of the course of the call.

Hey Michael,

It was great to meet you at the REI club meetup.

Have you listened to the BP podcasts related to wholesaling? Good insight there.

If you come up with any deals from your campaign I would be more than happy to share a list of buyers with you.

The campaign you do and those you market to is going to determine the deals you get. Until you get good deals under contract, you don't actually need buyers. Get good deals and the money (aka. Buyers) will follow. The gurus are the ones that will tell you differently, in order to keep you thinking they are training you.

Searching on CraigsList for We Buy Houses  is a good way to get a few buyers. Just be sure to vet them.

There were two buyers at the club meeting who have been anxiously waiting for good deals for some houses to flip.

If they don't pan out and you have a deal with at least a 15% profit of the ARV, there's a national buyer I have contacted, who will purchase up to a property that would ARV up to a few million dollars.

Start marketing now, because, unless you are lucky enough to get deals like the kid at the club, you may be in for some work to just find the good deal to wholesale.

Oh, or you could wait till the free tries are up on the calculators too. But, I figured that with the other available benefits offered, I may as well pull the trigger.

The calculators are great. Saved me from making a purchase so far. I waited to go Pro till I had a property to run in the calculators. Just happened to be when 20% off was offered. I still need to read the No and Low Money down book that was offered as part of going Pro.

You may want to include more info. ARV? Your sale price, after your fees? At least the specific area, if not the address? Since buyers will want to do their due diligence of the investment's area. If you have it under contract, don't be shy about giving out the address.