All Forum Posts by: Yoann Dorat

@Dante Pirouz I work with several lenders in MI and OH, send me a DM and I'll connect you with whoever fits your needs

@Alan Hernandez I'm not dealing with vacant land but I listened to a great podcast a few days ago on the wholesaling inc channel, the guest was a guy who specializes in wholesaling vacant land in several states, he provided a lot of value you should listen to it. 

@Vincent Aguilar send me a DM and I'll share some templates of contracts with you. I wish someone would have done that for me when I got started.

@Eric Abel, not that I'm aware of but you can do a Wholetail, you close on it and flip it to your end buyer the next day. Except if you have a redemption period in your state or any specific restriction on resale. But if it's a great deal, you can use a hard money loan and hold on it for a few weeks

@Vanessa D Guzman as others already said in the thread, you can find a lot of free content on Youtube (Brent Daniels, Sean Terry, Pace Morby, Max Maxwell, etc) I wouldn't recommend paying $5000 - $10000 for a course you'll be better off spending this money on marketing. 
But the best/fastest way to learn in my opinion is to go work for free for a local wholesaler in your market.  

@Steve Furst there are a lot of interesting questions in your post and I'm going to try to provide some answers. 

Wholesalers are pro-active in their outbound marketing efforts, most investors/flippers/landlords would be able to get far better deals if they had the willingness to improve their skills on how to market to motivated homeowners, unfortunately very few do that. Even though it's very difficult to quantify the amount of Off-market supply coming from wholesalers (as there's no public registry of such thing) I personally believe it is an essential component of the market. 

A homeowner can decide to sell to a wholesaler instead of through the public market for several reasons, some people live in hoarder houses and are such ashamed that they don't want to allow any showings, some others don't want to deal with all the paperwork involved in listing a house, all the disclosures, compliance, etc... Some people are so much distressed that they can't even pay for their moving, has an example last week my Acquisition guy had to go rent a Uhaul and move the seller's furniture himself and give him an extra $1000 to wait until his proceed check clears! an agent or an investor would never go that far, we deal with probate attorneys who need to sell the house fast in order to get their fees paid, and with squatters, non-performing tenants, etc... a lot of things agents don't want to deal with. The truth is, 99% of agents are not willing to go the extra mile they want to deal with a good-looking property easy to sell to a pre-approved buyer, hence why we got so many referrals from agents. 

You were right to notice in your example that building rapport with the seller makes a huge difference, sometimes we have to nurture the relationship for 6 to 12 months to get a contract, it's the way marketing and sales works... people always do business with people they like! 

The part where I disagree with you is your accusation of being unethical or stealing equity from the seller, I have worn many hats over the year and I can tell you that as an investor, landlord, flipper, developer, wholesaler, or whatever title you put on your business card you should ALWAYS be looking to get a DEAL otherwise you're not investing, you're just parking money by paying retail and you would probably be better of staying out of this industry. 

I hope that answers some of your questions

@Juan Santiago I've never heard this one before! Technically you're right it's kind of a grey area but I never heard anyone being prosecuted for such a thing, it's just marketing... turn on your TV and you're gonna see way worst "false advertising". 
+ keep in mind that the added benefit of being a wholesaler is having the first pick at discounted off-market opportunities, any solid players I know would buy rentals and flips as well. 

Elipsis Investment is currently seeking Rockstar agents to add to our growing acquisitions team. Must be self-driven, highly motivated, and coachable.

Elipsis Investment is the fastest-growing Real Estate Investment firm in Michigan. Headquartered in the New center / Techtown area of Detroit MI, We offer a positively contagious and competitive work environment, providing unlimited upside potential to our team members. Featuring a scaling compensation plan with no income ceiling in addition to monthly bonuses.

Elipsis Investment specializes in Acquiring and Selling off-market Investment properties throughout the states of Michigan and Ohio. Our proven method and process provide excellent and worthwhile investment opportunities for our clients. We also acquire Real Estate for our in-house portfolio. Along with simultaneously teaching and working with our team members to create financial freedom through Real Estate Investing. We are expanding, and we are looking to add top talent to our team. If you are looking for a career in Real Estate Investing with aspirations to one day become an Investor yourself, but do not know where to start, you have found it!

We are looking for individuals who are self-driven and committed. Keep in mind this is a commission-only position. However, our average starting agents should expect to make anywhere between $2,500 and $6,500 per month. A seasoned agent with experience could expect to make much more than $10,000 per month.

· We provide all the tools you need, including Technology, Leads, Training, Hands-on coaching, and Resources to be successful in our business.

Who we are interested in:
· Highly Driven and Motivated individuals with a willingness to learn and grow
· MUST BE A HARD WORKER!
· Passion and Determination to Exceed Expectations
· Proficient Computer Skills · Great communicator
· Must be Detail Oriented · must be a strong communicator!
· Above all must be Honest, Dependable with high Integrity! Responsibilities:
· Calling, Meeting, and Building rapport with Property owners in various markets.
· Executing cold calling procedures to acquire properties.
· Negotiating coherently, preparing, and closing acquisitions contracts.
· Outbound/Inbound Acquisitions Calls
· Meeting or Exceeding monthly targets.
· Promptly responding to emails, tasks, and completing company projects in a timely manner

Who we are not interested in:
. Mediocre individuals lacking drive and work ethic
. Close-minded individuals who lack coachability
. Lacking self-motivation and the constant need to be managed and told what to do

Elipsis Investment is based in the New center / Techtown area of Detroit MI. This is a family-style run company, who is passionate about Real Estate Investing. We work hard and play hard together. We work as a team and want to ensure we bring on winners that are like-minded in helping us get to the next level. If this sounds like you, please send in a short paragraph or two about you, and how you can be an asset to our team.

Why Work Here?

We are a growing Real Estate Investment company that offers competitive pay, room for advancement, and a fun work environment! Elipsis Investment is already one of the top-grossing Real Estate Investment Companies in the Midwest and we are just getting started. We are well known for providing excellent investment opportunities for our clients.

@Josh Corby Yes, except it's not a cash deal so you still have to mention the terms in your PA

@Joshua Moore RVMs are illegal since 2019, and you can get hefty fines if they catch you. Text blasts are going to end up the same before the end of the year, phone carriers have started to roll up new restrictions (10DLC) it's still working for now but for how long... This is why you should never depend on only one marketing channel, 

I never heard of anyone getting fines, they probably don't have the resources to enforce these restrictions unless someone reports you. But I guess everything is possible.