Wholesaler · La Porte, IN · Member since 2016 · 15 posts · 5 votes
I'm new to Biggerpockets, but a few people on here want to criticize me already for posting. Anyways anyone want to ask me a question on flipping contracts-wholesaling houses? Go ahead and ask and I reply.
Done 100's of deals over the years and am very skilled in the filed. My approach to wholesaling houses is an honest one with all parties involved.
Lets be clear- they are not criticizing you for posting. The feedback you received is because your first 5 posts were you pitching your e-book. You come on a international site with investors who've done 10X what you've done in half the time yet call yourself "the king of wholesaling." and are pitching a $50 e-book. Nobody knows the "600 deals you've done since 2005." Have a slice of humble pie. You're a small fish in this huge ocean of investors. I gave you some wise advice on promoting your ebook on this site and you blew it up.
If you want to build credibility- got read all the newbie wholesaling questions and start answering their questions.
Definitely I'd recommend doing a double close on the larger spreads. While the only thing that should matter to the buyer is how much they will make. Reality says that if they see you making what they consider a huge chunk of cash for 'doing nothing' they might have problems with it.
Lets be clear- they are not criticizing you for posting. The feedback you received is because your first 5 posts were you pitching your e-book. You come on a international site with investors who've done 10X what you've done in half the time yet call yourself "the king of wholesaling." and are pitching a $50 e-book. Nobody knows the "600 deals you've done since 2005." Have a slice of humble pie. You're a small fish in this huge ocean of investors. I gave you some wise advice on promoting your ebook on this site and you blew it up.
If you want to build credibility- got read all the newbie wholesaling questions and start answering their questions.
Lets be clear- they are not criticizing you for posting. The feedback you received is because your first 5 posts were you pitching your e-book. You come on a international site with investors who've done 10X what you've done in half the time yet call yourself "the king of wholesaling." and are pitching a $50 e-book. Nobody knows the "600 deals you've done since 2005." Have a slice of humble pie. You're a small fish in this huge ocean of investors. I gave you some wise advice on promoting your ebook on this site and you blew it up.
If you want to build credibility- got read all the newbie wholesaling questions and start answering their questions.
basically introduce yourself to the community, add value to the community, before you try and extract value from the community.
another idea, use the reddit rule for self promotion. For every one post you make thats self-promotion, you should have at least 5 posts that are genuine contributions to the community.
Hi again guys, I will ore than likely check this account twice weekly. I am also landlord and in another business. Get back to people as fast as possible. Vince
FREE wholesaling tip. A guy called me today and said he got my name and number from a friend in Chicago. He said he was looking to buy houses. I said hold on and pulled out an end buyer sheet that I use to collect info.
He told me he's a landlord in Hammond IN and that he has 3 rental properties now. Plus he's looking for another one in the Hessville area. I thought **** I just did two houses over there before winter.
I got his name and email and put him in Constant Contact ( the marketing software I use to send properties out once I get them under contract) under the file I created for Lake County buyers. I told him I don't have anything now but you never know what I might have in the future.
So I picked up another end buyer in that area. Now come spring when I put about 6 to 10 band signs in Hammond and I find a deal I have like 10 people to call immediately. That's before I go marketing all over the place on the internet to find an end buyer.
My point is use a software program to collect email address, just get there permission to opted them into the system. I have like 10 different buying area's set up in constant Contact with email address's for future deals. 6000 plus people. Even thou I pay per email with Contact Contact, I don't care. Number 1 its a tax right off, number 2 if I send out a house and someone responds I always make them show me via or fax proof of funds that they are a qualified cash buyer before I go wasting their time, mine and the sellers.
If they ask why do I have to send pof? I tell them because I said so. In a nice way, to many people wast my time and don't have a pot to piss in. I just tell them to white out there account numbers-bank statement, IRA e.t.c.
Most people fall out here, because they don't send pof. Plus they just opted themselves out of constant Contact anyways. I don't want them anyways. I've had millionaires send me pof. Immediately-why can't they? Tire kickers is a big problem in this industry, reduce it from the get go!!
Hi, to build your end buyers list, one thing you can do is put a sign infront of the house you have under contract saying something like "MUST SELL-CHEAP HANDYMAN SPECIAL CALL NOW XXX-XXX-XXXX"
Also put a sign down on the corner of the block with an arrow pointing in the direction of the house!!!