All Forum Posts by: Zahmir Brooks-Smith

@Alan Asriants

I recently had a terrible experience with a home warranty on a newly flipped house. The HVAC system was all messed up – it was heating the house instead of cooling it! Even though I got the place inspected before buying, the inspector totally missed this issue. When I contacted the manufacturer, they asked if the inspector had given the system the green light, which just made things worse. I thought having a warranty was a good idea, but in the end, I had to track down the previous owner to sort it out. Bottom line, I thought these warranties would help my rentals, but they've been nothing but trouble and took forever to fix stuff.

Quote from @Samuel B.:

@Samuel B. Thanks for this! I like the forward thought aspect. I tend to focus on getting deals and  buyers for the present tense, and I often forget that the business we are in is really a future-focused arena! What would your approach be for acquiring actual cash buyers and investors? Since I exclusively work with cash buyers, my list is drying up and all of my clients are in some hefty projects. 

Thanks @Alan Asriants! I usually work as a buyer, so I don't typically list properties on the MLS or help find tenants. My main focus is on buying and selling distressed properties, especially with off-market investors. I enjoy building relationships and plan to do more with homeowners. But, how can I find more cash buyers? Right now, my main competition comes from other wholesalers, so it's a bit tricky.

Quote from @Alex Deacon:

Thank You @Alex Deacon.  Creativity goes a long way in this business, especially when your clients are hungry. What are some metrics you'd use to test the markets? I work solely with distressed properties and investments, so the recent tests I have run are based on DOM, Flip-comps, and leveraging the wholesaling method to execute faster. Any suggestions regarding a different approach?

Quote from @Jessie Dillon:

direct mail, cold calling, cold texting, voicemail drops, networking events, and getting on wholesalers' buyers' lists!

 Thanks for this Jessie! I have taken that route in my sales approach and it has been working!

Quote from @Jessie Dillon:

direct mail, cold calling, cold texting, voicemail drops, networking events, and getting on wholesalers' buyers' lists!

Thanks @Jessie Dillon! I’ve been doing most of that for some time now. How would you approach agents to get them into your list as a wholesaler?

Quote from @Carlos Ptriawan:

I use software which basically a function of ARV and comps.

 Thanks @Carlos Ptriawan! What software works best for you?

Quote from @Caleb Brown:

Either connect with the big fish finding the deals or hire people to find deals off market and be direct to seller. Deals are tight currently 

Thanks for the insight. I often work with deals that are direct to seller (agent wholesaling format), and it seems lucrative compared to sourcing using the mls. Prices are often more agreeable in the off-market wholesaling operation. How would you go about getting more agents and real estate professionals into your client list? I think building these relationships with realtors/agents could help build a flow for off market sales, and for the client’s needs.

Hello! I am a licensed agent and investor in PA based in Philadelphia, and I have noticed some trends with investors sourcing deals. With the amount of wholesalers stepping into the industry, and the creative financing frenzy exploding into the market, how does everyone go about sourcing the ideal opportunity? The MLS seems ideal for anyone looking to use conventional financing, but how are cash buyers and hard money users finding the perfect flips or rentals?