All Forum Posts by: Wayne Woodson

I am sure if you go to your local REI group, Google or Craigslist you will find plenty of them. They are as infinite as the stars. I think the REAL question here is how does one find GOOD wholesalers. The answer to that is just to ask around. If you ask enough people you will start to hear the same names over and over again. Those guys are the good guys.

Hope this helps, Wayne

I definitely ask for a steep discount but it seems like the wholesaler maybe was trying to do a virtual wholesale since he didn't even even know the alarm code on his own his that he was wholesaling. Then again maybe it was overlooked by the assistant.

Here is what you will learn at Mobilehomeuniversity.com.

Day 1 - Fork over a couple hundred dollars

Day 2 - Learn to never do it again.

Sounds like a great education.

@Brandon C. there are many different loan options that do not require a large down payment. Some may even cover 100% of the purchase price. I am a buyer's agent so I deal with this all day. PM me and I will you some more details as to what you should do.

It's ok, no prob. ODesk is a site that allows people from all over the world to bid on jobs that you post. You can even search for people who have experience and ask them to apply for your jobs. A VA is a Virtual Assistant. A Virtual Assistant is someone who does Assitant type work like sending e-mails, making phone calls, scheduling appointments, etc and is virtual meaning they do not come into your office or home. You can hire VA's on Odesk to do all the "busy work" for you so you can focus on more important stuff. I highly recommend reading "The 4-hr Workweek - By Tim Ferris"

It doesn't matter if you are doing lease options, sub 2, shortsales, wholesaling or whatever. The important point here is why waste your money on some "automated software" or "system" when you can just build your business to be automated. As I mentioned before have your VA pulling in listings and emailing sales contracts according to criteria you set up. Spend your time closing the deals and cashing checks.

I have heard about it I think. I honestly get tons of e-mails daily from Guru's and have them auto forwarded to my trash can. Anywho if you want to have a "Automated Deal Maker" you can hire a virtual assistant from oDesk.com for $3 and hr and have them work 2 hours a day on a 5 day week. 3 x 2 = 6, 6 x 5 = $30 a week. If you don't have $30 a week then get a part time job or something. Have your VA pulling in listings and emailing sales contracts according to criteria you can set up. Who knows, you may actually grow your business. I would rather do it that way instead of relying on some "automated software".

@Tim G. lol yea I learned alot by reading this thread. People tend to "hate on" wholesalers because most people feel that wholesalers don't really add value. In case you don't know Walmart is a wholesaler and so is Target and Amazon.

Think about it, Walmart doesn't make iPads and Starbucks coffee. They buy those products at a discount and resell them. You could go directly to the brick and mortar distributor and buy at a cheaper price than what you'd buy at Walmart but you'd have to buy allot of product from them.

Good wholesalers do invest money into their business and they do create value. The ones who don't wont last long or will be stomped out by the competition. Back in 2008-2009 you couldn't find a wholesaler now they are coming out the woodwork. I can't tell you how many wholesalers I know here in Nashville but am I worried? No, because I create value and have a good relationship with my buyers. I also have a drive and passion for Real Estate so I am not going anywhere.

Those whole-failers on the other hand will probably blast out a couple of e-mails with fake deals. Get a bad rap from other Agents and Investors. Wonder why they can't sell their deals and probably move on to the next big thing. Who know's maybe they will start selling life insurance or selling acai berry products or rasberry keynotes.

I guess you could put it in a trust and sell the trust. I dunno Banks may have caught onto that one too. Those sneeky devils.

Welcome to BP, I havn't been out to M'Buro in some time since last year. Good luck on your wholesaling journey.