All Forum Posts by: Chris Piper

@Diego Hodge Thanks man! I appreciate the kind words. I was considering putting together a paid training actually. I couldn’t get into every aspect of wholesaling in one post without making it insanely long and boring lol. 

Not sure if I will yet, but if I did I would make it’s a no fluff straight to the point video training, and only include what people actually need to get started and be successful. I’d also make sure I didn’t leave anything out like most people do. I’d sell it for a reasonable flat price for everything.

Been trying some new things and am working on running my FB ads directly to a messenger bot as I’ve heard it works amazing, so that’s some things I could add in. Anyway, sorry for rambling, just wanted to say thanks!

Sounds like a plan👍🏻

@Jibu V.

Thanks for your nice comment on the post I appreciate it. I started with a budget of $20/day on FB Ads. That was just for my state. Audience size was shrunk down so much because you have to tell Facebook it’s a housing ad, and the audience for some reason is much smaller.

On my $20/day for my whole state, I was pulling in about 2-4 leads a day. Some were not good deals, some were people looking to buy a house because they didn’t read my ad apparently, etc. 

To close 1 deal a month you could probably do $5-$10 a day. My cost per lead is about $9-$10/ea which is pretty cheap actually.

I’ve dropped my daily budget to $17.50 and added a retargeting ad for $7.50/day because I noticed a lot of people click on the link in my ad but never fill out the form. 

Planning on increasing my daily budget to probably $25/day and maybe adding in another state for $10-$20/day too. A good flow of leads will get you good deals to close. 

@Jacob Sanchez No worries my man. Happy to help!

@Bob Prisco Now that I think about it, I guess starting out as a bird dog for another real estate investor isn’t a bad way to go. It’s kind of like being a very well paid virtual assistant lol.

It is sad so many people continue the 9-5 grind when if they just pay attention a little bit, they could be making money in real estate for themselves in no time. Guess that’s why they call the richest people the 1%, cause the other 99% keep doing what they’ve always done.

@Bob Prisco I do understand that a lot of people don’t have money to get started. If that’s the case, then they have to trade time for money. Driving for dollars etc. It is a little harder and slower to start with no money but can definitely be done. Sounds like you got off to a good start getting $19k for finding a deal. I wouldn’t say that’s a common start for most people though.

Also, you are 100% right that 99% of people will do nothing even if you give them a roadmap to working for themselves. All I try to do is put the info out there, and hopefully it helps someone.

@Jorge Monroy
You should be able to click the save for later right by the title of the post on this page. If not just bookmark it in your browser.

@Imaan Pour

It all depends. None of my deals are near me. I partner with a wholesale company in Indy with a huge buyers list. All the showings are typically between the seller  and the cash buyers. The Indy wholesalers aren’t there and neither am I. I know it gets kinda tricky when wholesaling virtually. 

@Alan Zee I haven’t wholesaled any big multifamilies as of yet, but I would be interested in some and actually have a buyer near Indy looking for EXACTLY that. Let me know what’s up.

@Bob Prisco Awesome you’ve done so many deals! I understand your point, but why would someone want to be a “bird dog” and make a fraction of what they could doing it for themselves? I only wrote the post because there are so many so called “gurus” out there trying to sell garbage on the subject and it’s not helping anyone. This post is literally exactly what I do personally and it has worked well for me. I thought why not share?

@Noah Pearson Thanks man!

@Scott Swanson 30-90 days in my opinion is VERY realistic. Assuming they already have the knowledge on how to Wholesale. If they follow what I say to do in the post, it will work. Ran my first Facebook ads and had leads coming in by the 2nd day.

Link in post to my wholesale forms isn’t working. Here are updated links:

Assignment Contract

Purchase and Sale Agreement

@Christian Mesa No worries man. No you never have to be at a closing. Just make sure the title company has your banking info so they can wire you your profits.

@John Rojas Thanks buddy!

@Dante Foreman I did cover it in my post. You can use bandit signs to get buyers, pull lists/skip them/contact them, etc. You can also join Facebook groups in your area to post you’re looking for cash buyers.