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All Forum Posts by: Ryan Whitcher

Ryan Whitcher has started 8 posts and replied 132 times.

Post: Betters Left Main CRM Review

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78
Quote from @Patrick Jackson:

I’ve been using. Podio for 8 years. Never looked back. 


 I'm going back to Podio as we speak lol

Post: Betters Left Main CRM Review

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78
Quote from @Scott Holmes:

Update to my Left Main experience-- five months after they denied me a refund to my purchase, the CRM is still not set up properly.  My initial concern was that my land business needed something drastically different than what Left Main was actually built for, and my purchase was a bit of an impulse buy after a slick presentation by their sales team and owner.  Upon the denial of my refund request, I was assured that my fears were unfounded and that their expert group of tech support would take care of me and set my CRM up to fulfill the specific needs of a land investor.  A dozen or so unanswered emails later I'm being told I need to go hire a developer to set it up properly.  Basically back to square one after spending thousands on this shiny object.


 I unfortunately feel 100% of your pain

Post: Betters Left Main CRM Review

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

Do not get LeftMain - trust me. Massive waste of time and money, my worst decision in my 5 years of real estate investing :). It is insanely hard to use and way overpriced, half of the functions don't even work properly and if you try to edit it yourself, it's so easy to mess up unless you're a Salesforce expert or a developer. I deeply regret my decision a year ago when I got it. I'll be returning to the trusty Podio. 

I truly hate bashing a company, but I feel I owe it to save anyone who may be on the fence from wasting $5 -7.5k and months of their life. 

Post: Is It Just Me or Is BP Anti Wholesaling

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78
Originally posted by @Jay Hinrichs:
Originally posted by @Ryan Whitcher:

I agree with pretty much everything said here. I don't think BP has a negative viewpoint on wholesalers, but rather it warns investors of the potential problems that wholesalers sometimes create. Like @Jacob Maes said - their numbers are wrong quite often (yes, I'm generalizing a little here) and that's because the barrier of entry to wholesale is so small, resulting in lack of knowledge most of the time. 

BP preaches transparency when wholesaling and conducting your business as white-hat as possible. 

Quick real life example: I wholesaled a deal 3 weeks ago in which the seller just texted me a few days ago saying this deal changed her life and will make her a millionaire because the speed of the transaction enabled her to take her equity/profit and plug it into 2 very good real estate deals. 

So...there can be much value that a wholesaler brings to the table, both for buyers and sellers, but there just like anything, there are right and wrong ways to conduct business and BP simply warns of the wrong ways wholesalers can sometimes conduct business.

I think one of the HUGE misconceptions is that wholesalers can close deals faster than Brokers.. this simply is not correct.. Decent brokers will out perform most wholesalers is what I see.. they have better title company contacts and we can all only move as fast as the title company moves.. so thats simply not true..  its a huge perception problem that sellers have and wholesalers foster it with their sales pitches.   I know i get pitched every single working day of the month by a wholesaler in one of the 10 markets I work in.  

I won't argue this point. However on this specific transaction, I netted the seller $30k over market value (if she we're to list) for her house because I have a solid relationship with a specific buyer/fund which 99% of agents do not have nor explore. This house would've never sold for as much on the market, in addition to the only thing the seller needed to do was allow us (1) 30-40 min walkthrough - no add'l showings, etc

Post: How important is it to have a website for wholesaling?

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

@Jim Miller a website is nice to have, but not necessary starting out. If you have the capital to deploy in a website just as a measure of credibility, then why not - I definitely have deals that might've fallen through if I didn't have a website. 

Speaking of websites (and @Jerryll Noorden I see in here!), since I've been working with Jerryll I've made over $100k strictly from my website in the past 6 months or so. 

For me now, having a website is crucial and I only trust myself to create - or at least managing the creation - and maintenance of it. It's not easy, but a good skill to learn IMO. Hope this helps!!! My website is below for any inspo.

Post: Are wholesaling courses worth the money?

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

@Max McCuddy you absolutely don't need a course, it really depends on the person, but some are very helpful. For example, are you the kind of person where, if you invested a few/several thousand in a course, that'd you'd be motivated to the point of not failing because of that skin in the game?

Or do you think you have the self-motivation needed to succeed without this initial investment? Personally, I am the latter. 

However, once I started making good money in wholesaling/investing I did invest $30k+ in several courses, which may sound insane, but I've gotten way more than that back in tangible money, in addition to building lasting relationships and gaining TONS of extra knowledge. If you're curious, my favorite course is Pace Morby's simply because of the amazing community - it isn't the cheapest but you get what you pay for. 

Post: Wholesaling in South Florida

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

@Angela Orecchio - not familiar with SF but I'm having great success in Charlotte, NC which I'm sure is equally or more competitive. I would not waste a single second trying to find deals on the MLS :)

Post: Contract Presentation to Buyers

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

@John McCoy if you are assigning the contract to the buyer, then yes you need to show the seller your A-B contract with seller, as that is what he is paying your assignment fee for. If double closing, then no you do not. 

Post: Lead Generation Methods

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

@Brady Wiley I'd say I get about 70% of my leads through my website and the other 30% through networking and a little cold calling every now and then. I use InvestorCarrot for my website and pay around $2,000/month for PPC but my website also ranks high up on the first page in Charlotte, NC which helps for organic leads. Feel free to take a look below for some inspo!

Post: EMD for wholesale deal

Ryan WhitcherPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 134
  • Votes 78

1% EMD is standard, and plenty, for an off-market deal. 15% is RIDICULOUS. Either that seller isn't motivated, or they just simply don't understand how buying real estate works. If you can't negotiate him down, run (but don't forget to follow up in a few months after he's been told this same 1% truth from dozens of other buyers :) )