New investor (wholesaling)

[Becky Larsen]

Hi.  I just started getting involved wholesaling.  Any tips are welcome.  

Thank you

[Joe Homs]

@Becky Larsen 

LEAD GENERATION

1. Bandit Signs- These are the signs that you see along the freeway on and off ramps, on city streets and in neighborhoods. 
2. Cold calling - "NOD'S" or Notice of Defaults are found through Property Radar APP or others.
   1. Probates
   2. NOD's
3. Direct Mail - I currently DO NOT encourage this.
   1. Any list
4. Door Knocking​
   1. ​Wholesaling Contract
   2. Assignment of Contract
   3. Door Knocking Tags
   4. Door Knocking Scripts
5. NOD's
6. Websites

Good Investing...

[Randall Alan]

I'm not a wholesaler... but will point you toward the magnifying glass in the upper right hand corner... click on the "forums" tab and search for "New to wholesaling" and you will find (literally) 10,000+ results to scroll through with lots of good info.  Your question is so broad it is hard to really attack.  But after reading through the results, there will be lots of people to answer more specific questions.

All the best!

Randy

[Becky Larsen]

Thank you.

[Sherri Stokes]

Becky I’d love to connect with you. I’m a realtor in LA but I Have investors always looking nationwide.

[Becky Larsen]

Thank you Sherri. Sounds amazing!

[Eliott Elias]

Spend equally as much time building a buyers list and looking for a deal.

[Becky Larsen]

Thank you Eliott.

[Shannel Tuitele]

@Becky Larsen Let's connect. I'm in SLC too. I don't do any wholesale but I am an investor so send me some deals ;) 

From what I've seen from other wholesalers it's a lot of cold calls so don't discouraged b/c even 1-2 deals a month OR even a quarter can really make a dent over time. 

Best of luck!

[Becky Larsen]

Hi Shannel. Sounds great, will do.
Thank you

[John O'Leary]

Partner with a lender to help with the dispo side. Most wholesalers are competing over the same "cash" buyers list. For example, I operate in the South East and about 60-70% of my buyers use financing. If the deal fits the lenders lending box you can advertise your deals in front of a completely different buyers list and the lender can attach financing to it. You get a deal sold, and the lender gets a loan. Win Win

1.) You market to a different list

2.) If you partner with a lender you have some control and insight as to where they stand in the loan process giving you more control vs a buyer telling you they have financing and they keep you out of the loop risking the deal and the EMD

3.) If your buyers can leverage OPM like Hard Money they have they ability to buy more than 1 deal at a time. Repeat business is the best business.

4.) Some lenders can finance 100% of the assignment fee allowing for the borrower to come out of pocket with less cash