All Forum Posts by: Tim G.

 Shoot me an email I'll try to find it. 

 Have you closed a wholesale deal? 

My office gets easily 20-30 calls a week with the identical wholesaler script to "build their buyers list". Each time I ask the person if they have a deal under contract they say no, not only that they in most cases aren't even marketing for deals. I'm sorry you aren't a wholesaler, you want to be a wholesaler and you are wasting my time. 

To anyone who is new at wholesaling and taking the advice to call investors and build your buyers list, you are nothing more than a telemarketer and your coach is suggesting busy work to avoid the awkward conversation that finding off-market deals is very hard. So they have you making these easy calls to feel good about blowing 5k+ on their course. 

You would be 100x more successful to just call an investor and be yourself and be real and ask questions. Following a word-for-word script is not personal, doesn't build any relationship, and is annoying. 

Sincerely, from someone who has wholesaled, flipped, and invested full-time since 2014 in one of the toughest markets in the US. 

In Oceanside ( San Diego) I just paid $7k for plans and engineering for a two-story ADU / JADU design, I have another 4k in Survey work and concrete certificates and about the same in soil testing since it's a two-story. I paid this same architect $3500 for plans for an addition, another $4k in the survey and concrete certs. I chose someone the city quietly recommended, my goal is fast approval and no drama. I've tried corner-cutting in this area and it's cost me so much time in the past.

Everyone has a plan until they get punched in the mouth - Mike Tyson

I get calls daily from his students using a terrible script. Burning $7800 would get you more use than paying for this course. Those that don't, teach.

Its not the worst, time. Whats important to note is most of the information here is now irrelevant from a market cycle standpoint. But that means the playing field has been leveled. We are all working out how we move forward and make this work. 

I am not, San Diego is being hit harder than other markets. The writing was on the wall by May that things looked risky. 9/10 of my investor friends who still have deals to sell are stressed, wishing they'd not taken on so many, and are scrambling to decide what to do instead of flipping. They have all written checks to sell a house at this point. 

Some markets feel this much less, so I can understand it is a different vibe elsewhere. 

I personally think many older folks are underestimating the issues here. There are so many factors driving people my age and younger to not want kids and not feasibly see a way to make it work. It also shows many failures in the systems of our society. 

But only time will tell. 

All good Jon, the cake has been baked as a friend of mine likes to say. So now we just wait and see how it turns out. 

Speculating is not something that was encouraged on this forum in years past, the needle has seemed to of moved where that is a justifiable strategy and that seems very risky. If you are feeding into a negative cash-flowing property and values are down. Stopping your intended plans of a refi or heloc in a year puts you in a worse position to grow your portfolio. 

Your enthusiasm is appreciated and I'm sure you'll be okay. But I don't think it's because this is a good deal, it's because of your attitude. I want to encourage you to apply that spirit you have to better deals and your success will be even greater. Its about taking calculated risks and prospering.