My Wholesale Journey Experiences

My Wholesale Journey Experiences

Wholesaler · Member since 2018 · 31 posts · 5 votes

Hi There,

My name is Vivian. I started wholesaling and learned people like to work with verbal communications and no one had an interest to want to put any type of co wholesale of joint venture agreement together. I also learned that people who did agree to an agreement, started the agreement and then disappeared. One of the key takeaways in a person's wholesaling journey is finding the right people who are serious and want to connect with you to create profitable and wholesaling success.

I connected with someone on the east coast and they want me to work with them as their virtual admin finding buyers and sellers for them. They sent me their seller intake form with a list of properties that are being sold and a form for the new investors. I am looking for the agreement that states the terms of payment and details of communications to ensure I am getting paid and the person told me that is based on verbal communications of trust between the two. WOW!

I like this platform on BiggerPockets which allows people to connect with one another in a structured manner. I tried to post a JV Partnership request and they denied the posting of the request and said JV posts are not allowed.

Hopefully, I can meet and connect with some serious investors to work with and create profitably, successful relationships with.

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Bryce JamisonPro Member
Rental Property Investor · Mebane, NC · Member since 2015 · 494 posts · 439 votes
2y

I don't understand what you're trying to do. In my experience, wholesalers ask what type of properties folks are looking for, then they go out and find and get them under contract. They then send out what properties they have under contract to their list of buyers hoping to make a spread on the deal. Doing this requires both a healthy inventory of deals way under market value and a large list of serious buyers. I don't understand why I'd need to be in partnership to buy properties from someone.

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 3k+ posts · 1k+ votes
    4y

    Im open to connecting.....every deal ive ever done was with someone that didnt live in my market......wholesales to flips. I have a JV agreement too lol

  • Wholesaler · Member since 2018 · 31 posts · 5 votes
    2y

    Hi Kerry,

    I hope this email finds you and your family well. How's it going?

    It's been a while since we last spoke and I was wondering if you are still wholesaling to flips in your market.

    • Wholesaler · Member since 2018 · 31 posts · 5 votes
      2mo

      Hi Kerry

      We meet up again.

      Thanks for responding to my post

      Have A Great Day

  • Bryce JamisonPro Member
    Rental Property Investor · Mebane, NC · Member since 2015 · 494 posts · 439 votes
    2y

    I don't understand what you're trying to do. In my experience, wholesalers ask what type of properties folks are looking for, then they go out and find and get them under contract. They then send out what properties they have under contract to their list of buyers hoping to make a spread on the deal. Doing this requires both a healthy inventory of deals way under market value and a large list of serious buyers. I don't understand why I'd need to be in partnership to buy properties from someone.

    • Wholesaler · Member since 2018 · 31 posts · 5 votes
      2mo

      Hi Bryce,

      I do not need to be in partnership to buy properties from someone, its just that 2 wholesale minds working together can be better than one.

      This post was about my experience working with another wholesaler based on a verbal agreement opposed to a written, JV agreement.

      Thanks for responding to my post.

      Have A Great Day

  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    2y

    There isn't a single thing in your post that makes sense. You don't understand anything about how wholesaling works in any context. It looks like you are just trying to get others to put money in so you can do deals. What exactly are you bringing to the table? Maybe it's something, but I can't see it from the post.

    Do you have the capital? Do you have the properties or deals? Do you have a buyer's list? Are you an expert in off-market acquisition?

    I don't think you are having any issues other than you are not providing a reason or value proposition for someone to contact you, much less work with you in some context.

  • Wholesaler · Member since 2018 · 31 posts · 5 votes
    2mo

    Hi Jonathan,

    Based on your perspective, you are 100% correct. The post was just introducing myself and sharing a story about verbal agreement with other wholesalers rather than written JV agreements.

    Thanks for responding to my post.

    Have A Great Day

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