All Forum Posts by: Steven Thompson

I am a wholesaler in Las Vegas NV. I have a small team of people that help me with my small business. Here is  our current model 

I have 2 guys that help me with my signs and boots on the ground marketing

2 guys that I am training for Negotiating contracts

3 ladies that help with our mailer program in house 

2 title companies we use

2 real estate agents and a broker

4 Private money sources

9 Investors

We currently do anywhere between 3-7 wholesale deals per month and we make between $3k-$11K per deal. We have all of our deals go through title and escrow. We work closely with our investors to insure that they get good quality deals every month.

Thanks for this post Nathan. I truly believe when you want to accomplish your goals and set out to do so, it can be hard, painful, and you will get beat up every step of the way. In order to complete your goals some times you need that extra push to keep moving forward and it helps to have resources to refer to.  I also don't have any association with these videos, but I would like to share some that have given me that push when I needed it. 

https://www.youtube.com/watch?v=WTFnmsCnr6g

https://www.youtube.com/watch?v=r3MxMfzWfbE

https://www.youtube.com/watch?v=H5zo33yK0sI

https://www.youtube.com/watch?v=Ucv8O75erpg

https://www.youtube.com/watch?v=VXGEvKUI0-Y

https://www.youtube.com/watch?v=NjjYVROiJIA

Thank you again Nathan for this post. 

These are all great post on how to find buyers. I agree with Ronnie when you have really good deals that you have analyzed properly, presenting your deal to people will bring you a lot of buyers. I have been wholesaling since January of this year and I have 9 quality buyers and they buy everything that we find based off their criteria. A lot of people say that you have to have a large buyers list, which may work for them but what I found that worked for me was to find two buyers. I worked very closely with them and found good deals why they bought them. This allowed me to work on the key elements of a wholesaler, negotiation, accurate property evaluation, and marketing. Eventually with the types of deals that we were producing caught the eye of people that knew investors and they started to refer them to us. Once you have your business cards, a really good deal, and have made some flyers about the deal, you are ready to real local investors to buy your deals. Take those items to the court house step auctions, local REI clubs, Real Estate Attorneys, and foreclosure auctions to start. If the deal is good enough you probably won't make it with your deal away from the first place you go to market it. Good luck to you on your venture.

Steve  

Kelsey,

It is great that you have help getting started. I would recommend networking with investors in your area. Having a large resource of people and information will help aid in your success. Here are some very useful tips to help aid in your success;

1.Get to know your market- determine the type of investments you are looking into and figure out what will best suit your personality i.e. Condo's, Town Homes, Single Family Residences, or Multi Family Residences .

2.What are the rental rates in your area- sometimes you will find that you can spend $100,000.00 in one area and get $800.00 a month in rent, but if you had bought a property 7 miles over you would spend the same amount of money but have received $1,100.00 instead.

3.Negotiate a good price- If you can get an $80,000.00 property for $60,000.00 why not.

4.Plan out all of your expenses and put yourself in a good position.

Bigger pockets have some great pod cast that you can listen to with hours of very useful information to help aid you in your investing career. I myself started as a wholesaler so that I could learn how to find and negotiate great deals. You will find that this site will help aid in your successful if you apply the resources and information to your career.  I hope this helps and good luck to you.

Steve 

No Problem let me know how it goes.

You can find those leads at probate court. Contact your local county and find out where their probate court is. Then you can go there speak to a clerk and they will let you know how to find current cases. This will allow you to look at the minutes and recorded information that will have the contact info for the next of kin. If you have any more questions about this feel free to contact me. 

Steve

Welcome to wholesaling. This site is one of the best sites for feed back and you will get great answers and connections with other investors. As long as you find a great deal you will have no problem at all finding investors. Here is a great tip first make sure that you have plenty of business cards. Second after you get your first rock star deal put a flyer together and go to all of the property auctions in your area and pass out the flyer and your cards. These auctions are where you will find serious cash buyers, Tax Lien, Foreclosure auctions, court house step auctions, and also you can go the one place where all investors funnel your local Title company and Real Estate Attorney offices. Its a lot of foot work but this will work. Good Luck and look forward to reading about your first deal.

Steve

Thank you for posting this advice and sharing some of your experience. It defiantly helps put us newbies in the right direction.

Yes you can actually put the address in google and type in parcel number after it and it should bring it up. If that doesn't work you can go to your counties assessors website and go to the property search tab. Put in the address and when it pulls it up you should see the parcel number.