Quit My Job and Plan to Wholesale
Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes
Quit My Job and Plan to Wholesale
Most Popular Reply
What was your job?
Im always so confused by these, at what point did your job prevent you from doing a deal? Was it not possible to do both?
I guess depending on what the job was then maybe that plays into it some...but curious of the thought process on this..
556 Replies
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Terrell Williams:
@Mercedez H. From what I've heard about wholesaling...it can be very lucrativeout of curiosity where'd you hear this... from what I've heard it's the exact opposite with a few exceptions.
There's a "right" and a "wrong" way to do anything. I'm doing this the "wrong" way according to the masses. Good, because if the masses were doing this, it would truly be a waste of my time. I will fail and go back to a W-2 job with my "tail" between my legs. Right? I mean that's what the statistics say. Statistics have never bothered me. In fact, I rather love statistics (to a point, then it's just too complicated for my little brain). Statistics are a number and they mean very little. They are just "odds" and a tweak here or there and the very same numbers will give you very different results. In grad school, one of my professors was teaching us a 'NEW' way to analyze the effectiveness of an intervention. We used 2-3 different ways of analyzing said numbers, they all gave us a different answer and he, our professor, and the rest of the class - we couldn't make sense of it because it didn't make any damn sense. Also, you can manipulate charts and graphs to "show" anything you like because they are visual and we are merely human. It's really funny actually.
Opening your own business can be lucrative in general, but most burn straight to the ground. Some recover, case in point "Lego," check out their history. They almost completely died out, now it's EVERYWHERE. I'm just saying, statistics don't mean anything to the one person who makes it. You just got to find a way to make it work, until it REALLY DOESN'T, then go on to something else or try a different strategy. Being open and always learning and adapting are key here. The original owners of McDonald's were not willing to adapt and they were bought out and well, they missed out on what McDonald's has become because they didn't want to change and grow with the guy who ultimately bought them out.
Just as a side note... these "scores" for the Top Contributors on the right-hand side. Jay Hinrichs score is 8.58. My score has been going up and up and up. It's now at 7.72. It's basically saying I'm almost as good as Jay? I don't know what they hey that "score" means or is. It is meaningless. Jay and I are no where near on the same level of pretty much anything. You wouldn't know that just by looking at the scores though, now would you?
I don't think anyone is saying you're doing "it" the wrong way, if by "it" you mean pursuing an alternative career. I think the point that's trying to get pushed across is why wholesale? There's plenty of ways to make money in Real Estate and there's plenty examples of high performers doing just the role they chose.....
But again it falls back to why wholesale and not one of the the other ways that typically better returns on time/money spent...And to clarify it's not that you can't or won't be successful, it's that you seem to have resources that would allow you to tackle something with a higher barrier of entry than wholesaling (which traditionally people use as a stepping stone vs focusing on just that). Also to add, we know you needed a job change so it isn't about that either, it's soley about how'd you come to setting your sights only on wholesale vs (insert million and one ways to make money in real estate).
I've (rather unsuccessfully) tried the other routes part-time for close to a year now. I figure wholesaling will be a much faster way to make money (while allowing me to work for myself). I have had a whole lot of NOTHING with my other REI attempts aside from wasted time and money. I can't find good enough deals going the traditional routes. Done right, I figure wholesaling will help me build up a significant amount of cash (over time), blow open my network, get me out of my comfort zone/build confidence and RE knowledge faster than "traditional" routes, and give me access to some really great deals for my own personal portfolio when the time is right! I was really AGAINST wholesaling initially. Thinking it was sleazy, illegal, and not worthwhile. The other ways have been too slow for me and we've had some expenses that ate into the savings I built up, limiting the types of decent properties I could buy to... basically nothing. Even if buying an investment property, I'd be able to buy one, for $200-$400 in cash flow IF LUCKY. Not enough to leave my job any time soon. Then I'd have to work several more years to build up another deposit again. Also, I did not have enough capital/knowledge to get into rehabbing without taking a significant risk to my family. So I began researching wholesaling, and well, this route seemed to be the most feasible with the least amount of risk and biggest turnout for my personal situation. It's not for everyone. It is a LOT of work. However, for me and my situation, it will work. Still not sure if/when we will be moving out of state so once that is finalized, I may look into obtaining my real estate license in that state.
Interesting, makes sense appreciate the response. If you don't mind, I have a follow-up.
When you wholesale you're looking at a house in it's current condition, making an offer, calculating repairs, and then coming up with ARV. Do you think that's going to be hard to do when you attempt to wholesale a property?
If you learn how to read/evaluate bids from contractors followed up by multiple bids you typically can greatly reduce your risk. Not that this would apply to the wholesale side, but if you ever tackle flip/rehab it could. You could always parnter too with someone who maybe has stronger construction skillset but lacks time and you have the stronger skillset of finding the home etc...
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Terrell Williams:
@Mercedez H. From what I've heard about wholesaling...it can be very lucrativeout of curiosity where'd you hear this... from what I've heard it's the exact opposite with a few exceptions.
There's a "right" and a "wrong" way to do anything. I'm doing this the "wrong" way according to the masses. Good, because if the masses were doing this, it would truly be a waste of my time. I will fail and go back to a W-2 job with my "tail" between my legs. Right? I mean that's what the statistics say. Statistics have never bothered me. In fact, I rather love statistics (to a point, then it's just too complicated for my little brain). Statistics are a number and they mean very little. They are just "odds" and a tweak here or there and the very same numbers will give you very different results. In grad school, one of my professors was teaching us a 'NEW' way to analyze the effectiveness of an intervention. We used 2-3 different ways of analyzing said numbers, they all gave us a different answer and he, our professor, and the rest of the class - we couldn't make sense of it because it didn't make any damn sense. Also, you can manipulate charts and graphs to "show" anything you like because they are visual and we are merely human. It's really funny actually.
Opening your own business can be lucrative in general, but most burn straight to the ground. Some recover, case in point "Lego," check out their history. They almost completely died out, now it's EVERYWHERE. I'm just saying, statistics don't mean anything to the one person who makes it. You just got to find a way to make it work, until it REALLY DOESN'T, then go on to something else or try a different strategy. Being open and always learning and adapting are key here. The original owners of McDonald's were not willing to adapt and they were bought out and well, they missed out on what McDonald's has become because they didn't want to change and grow with the guy who ultimately bought them out.
Just as a side note... these "scores" for the Top Contributors on the right-hand side. Jay Hinrichs score is 8.58. My score has been going up and up and up. It's now at 7.72. It's basically saying I'm almost as good as Jay? I don't know what they hey that "score" means or is. It is meaningless. Jay and I are no where near on the same level of pretty much anything. You wouldn't know that just by looking at the scores though, now would you?
I don't think anyone is saying you're doing "it" the wrong way, if by "it" you mean pursuing an alternative career. I think the point that's trying to get pushed across is why wholesale? There's plenty of ways to make money in Real Estate and there's plenty examples of high performers doing just the role they chose.....
But again it falls back to why wholesale and not one of the the other ways that typically better returns on time/money spent...And to clarify it's not that you can't or won't be successful, it's that you seem to have resources that would allow you to tackle something with a higher barrier of entry than wholesaling (which traditionally people use as a stepping stone vs focusing on just that). Also to add, we know you needed a job change so it isn't about that either, it's soley about how'd you come to setting your sights only on wholesale vs (insert million and one ways to make money in real estate).
I've (rather unsuccessfully) tried the other routes part-time for close to a year now. I figure wholesaling will be a much faster way to make money (while allowing me to work for myself). I have had a whole lot of NOTHING with my other REI attempts aside from wasted time and money. I can't find good enough deals going the traditional routes. Done right, I figure wholesaling will help me build up a significant amount of cash (over time), blow open my network, get me out of my comfort zone/build confidence and RE knowledge faster than "traditional" routes, and give me access to some really great deals for my own personal portfolio when the time is right! I was really AGAINST wholesaling initially. Thinking it was sleazy, illegal, and not worthwhile. The other ways have been too slow for me and we've had some expenses that ate into the savings I built up, limiting the types of decent properties I could buy to... basically nothing. Even if buying an investment property, I'd be able to buy one, for $200-$400 in cash flow IF LUCKY. Not enough to leave my job any time soon. Then I'd have to work several more years to build up another deposit again. Also, I did not have enough capital/knowledge to get into rehabbing without taking a significant risk to my family. So I began researching wholesaling, and well, this route seemed to be the most feasible with the least amount of risk and biggest turnout for my personal situation. It's not for everyone. It is a LOT of work. However, for me and my situation, it will work. Still not sure if/when we will be moving out of state so once that is finalized, I may look into obtaining my real estate license in that state.
Interesting, makes sense appreciate the response. If you don't mind, I have a follow-up.
When you wholesale you're looking at a house in it's current condition, making an offer, calculating repairs, and then coming up with ARV. Do you think that's going to be hard to do when you attempt to wholesale a property?
If you learn how to read/evaluate bids from contractors followed up by multiple bids you typically can greatly reduce your risk. Not that this would apply to the wholesale side, but if you ever tackle flip/rehab it could. You could always parnter too with someone who maybe has stronger construction skillset but lacks time and you have the stronger skillset of finding the home etc...
All valid points Matt! Calculating repairs is my weakest area of expertise right now. Being a female I also believe I personally was over-quoted on the prices I received from contractors when looking at potential rehabs this past year. In my own house, I've been screwed over by almost every single contractor - even on minor projects. I'm often treated as though I know NOTHING, that I am wasting their time, or am INTENSELY pressured into taking action or the price will go up. (Good-bye guys!) Then again, that could be a limiting belief - however, there's too much evidence to suggest otherwise. Either way, I'll look into learning more about rehabs/contractor costs as I progress, from people I trust who have more experience and aren't trying to screw me over. Now that I have all this "free time" I can get out there to investor lunches, REIA meetings, online networking, and the like, in order to find those trustworthy individuals. :)
- Austin, TX · Member since 2015 · 92 posts · 45 votes8y
Go get it! I have been cold calling and I find it very effective. I have not completed my first deal yet however I'm able to get in direct contact with homeowners to get a "yes/no/maybe" answer. Best part is it cost me $20 to get a list of code violations, skip trace the list (using lexis nexis, one of the best skip trace services) and start dialing by hand. I'm more than happy to share how I did it, PM me if you want to know how.
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Matt K.:
Originally posted by @Terrell Williams:
@Mercedez H. From what I've heard about wholesaling...it can be very lucrativeout of curiosity where'd you hear this... from what I've heard it's the exact opposite with a few exceptions.
There's a "right" and a "wrong" way to do anything. I'm doing this the "wrong" way according to the masses. Good, because if the masses were doing this, it would truly be a waste of my time. I will fail and go back to a W-2 job with my "tail" between my legs. Right? I mean that's what the statistics say. Statistics have never bothered me. In fact, I rather love statistics (to a point, then it's just too complicated for my little brain). Statistics are a number and they mean very little. They are just "odds" and a tweak here or there and the very same numbers will give you very different results. In grad school, one of my professors was teaching us a 'NEW' way to analyze the effectiveness of an intervention. We used 2-3 different ways of analyzing said numbers, they all gave us a different answer and he, our professor, and the rest of the class - we couldn't make sense of it because it didn't make any damn sense. Also, you can manipulate charts and graphs to "show" anything you like because they are visual and we are merely human. It's really funny actually.
Opening your own business can be lucrative in general, but most burn straight to the ground. Some recover, case in point "Lego," check out their history. They almost completely died out, now it's EVERYWHERE. I'm just saying, statistics don't mean anything to the one person who makes it. You just got to find a way to make it work, until it REALLY DOESN'T, then go on to something else or try a different strategy. Being open and always learning and adapting are key here. The original owners of McDonald's were not willing to adapt and they were bought out and well, they missed out on what McDonald's has become because they didn't want to change and grow with the guy who ultimately bought them out.
Just as a side note... these "scores" for the Top Contributors on the right-hand side. Jay Hinrichs score is 8.58. My score has been going up and up and up. It's now at 7.72. It's basically saying I'm almost as good as Jay? I don't know what they hey that "score" means or is. It is meaningless. Jay and I are no where near on the same level of pretty much anything. You wouldn't know that just by looking at the scores though, now would you?
I don't think anyone is saying you're doing "it" the wrong way, if by "it" you mean pursuing an alternative career. I think the point that's trying to get pushed across is why wholesale? There's plenty of ways to make money in Real Estate and there's plenty examples of high performers doing just the role they chose.....
But again it falls back to why wholesale and not one of the the other ways that typically better returns on time/money spent...And to clarify it's not that you can't or won't be successful, it's that you seem to have resources that would allow you to tackle something with a higher barrier of entry than wholesaling (which traditionally people use as a stepping stone vs focusing on just that). Also to add, we know you needed a job change so it isn't about that either, it's soley about how'd you come to setting your sights only on wholesale vs (insert million and one ways to make money in real estate).
I've (rather unsuccessfully) tried the other routes part-time for close to a year now. I figure wholesaling will be a much faster way to make money (while allowing me to work for myself). I have had a whole lot of NOTHING with my other REI attempts aside from wasted time and money. I can't find good enough deals going the traditional routes. Done right, I figure wholesaling will help me build up a significant amount of cash (over time), blow open my network, get me out of my comfort zone/build confidence and RE knowledge faster than "traditional" routes, and give me access to some really great deals for my own personal portfolio when the time is right! I was really AGAINST wholesaling initially. Thinking it was sleazy, illegal, and not worthwhile. The other ways have been too slow for me and we've had some expenses that ate into the savings I built up, limiting the types of decent properties I could buy to... basically nothing. Even if buying an investment property, I'd be able to buy one, for $200-$400 in cash flow IF LUCKY. Not enough to leave my job any time soon. Then I'd have to work several more years to build up another deposit again. Also, I did not have enough capital/knowledge to get into rehabbing without taking a significant risk to my family. So I began researching wholesaling, and well, this route seemed to be the most feasible with the least amount of risk and biggest turnout for my personal situation. It's not for everyone. It is a LOT of work. However, for me and my situation, it will work. Still not sure if/when we will be moving out of state so once that is finalized, I may look into obtaining my real estate license in that state.
Interesting, makes sense appreciate the response. If you don't mind, I have a follow-up.
When you wholesale you're looking at a house in it's current condition, making an offer, calculating repairs, and then coming up with ARV. Do you think that's going to be hard to do when you attempt to wholesale a property?
If you learn how to read/evaluate bids from contractors followed up by multiple bids you typically can greatly reduce your risk. Not that this would apply to the wholesale side, but if you ever tackle flip/rehab it could. You could always parnter too with someone who maybe has stronger construction skillset but lacks time and you have the stronger skillset of finding the home etc...
All valid points Matt! Calculating repairs is my weakest area of expertise right now. Being a female I also believe I personally was over-quoted on the prices I received from contractors when looking at potential rehabs this past year. In my own house, I've been screwed over by almost every single contractor - even on minor projects. I'm often treated as though I know NOTHING, that I am wasting their time, or am INTENSELY pressured into taking action or the price will go up. (Good-bye guys!) Then again, that could be a limiting belief - however, there's too much evidence to suggest otherwise. Either way, I'll look into learning more about rehabs/contractor costs as I progress, from people I trust who have more experience and aren't trying to screw me over. Now that I have all this "free time" I can get out there to investor lunches, REIA meetings, online networking, and the like, in order to find those trustworthy individuals. :)
That's not because you're a woman, that's because it's common and happens all the time. Once you learn how to mange that, it becomes easier. I could write a lengthy response but to save your thread I'll keep it short.... there's entire professions that exist simply to manage contracts/contractors for ALL the reason you listed. Construction though is especially challenging because things don't always turn out to be what you think they area, but contractors aren't always entitled to extra money....
If you study up (there's tons of resources) you can learn how to estimate costs and then as you get better you will be able to tailor them to your local market... But know, your buyers probably already know the costs. What I mean by this is if something costs 50k to remodel and you have listed as 25k and then your off (high) on your ARV that will lose you buyers/credibility. Be cautious too of using a contractor just for bids, unless you're going to pay them for that time... they will get annoyed and start giving you too high of numbers or simply stop working with you.All of this assumes you target homes that are in need of repair like most wholesalers... but not sure if you're working on a different niche or not.
- 8yAdrianne EppsPro MemberReal Estate Agent · Mount Vernon, NY · Member since 2014 · 18 posts · 5 votes
Congratulations on your decision! Wishing you all the best! I can tell by your positive mindset that you'll be just fine!!
- Parsippany, NJ · Member since 2018 · 33 posts · 10 votes8y@Melanie Hartmann if you have a plan, if you were unhappy at your job and it was preventing you from doing real estate, OR if you simply just wanted to leave your job and try something new- I believe you can accomplish ANYTHING you set your mind to. I did something similar. i left a full time job a year ago to start a business. Everyone in my life was against it- but I knew it was the right decision for me. But ive also always been a little ballsy.... And u know what- those people still wake up at 6am to go to their jobs and I don’t. And it was the best decision I’ve ever made in my life. My business has been successful and I have a lot of freedom to focus om the ”bigger picture” such as investments and RE... The way you or i plan to spend our day- whetther it be to go to work or follow a bigger dream Is a very personal decision. But I’m rooting for u!
- Parsippany, NJ · Member since 2018 · 33 posts · 10 votes8y@Melanie Hartmann the other part of all of this- it will either work out or not work out. But it won’t be a loss because you’ll learn and gain experience from it! Peace
- Real Estate Broker · Boulder, CO · Member since 2014 · 2 posts · 1 vote8y
@Melanie Hartmann Kudos to your Enthusiasm and PMA (Positive Mental Attitude)! Both of these things are essential in your success. I have personally moved 10 times in the last 35+ years and am settled here in Colorado along the Front Range (Boulder/Denver) and Loving It! So if you do make a move here please look me up. I have had to restart each time I have moved and am usually up and running within the first 3 months. Would be happy to give you free insight, for what it's worth. LOL Now I create new business out of thin air daily. ;-)
- 8yHadar OrkibiPro MemberRental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
@Melanie Hartmann I see your post as trending and couldn't believe how many pages it has. all i can say is good luck! wholesaling is good "job" if you turnover few houses a month. if you are not, then consider switching to flipping as soon as possible.
-- much more money with flipping then wholesaling for $5-$10 per deal.
Following to that start building your own portfolio, if your fiance have good income then you should be able to buy and hold. consider the BRRRR strategy.
Real wealth is what you hold and not what you buy and sell for cash-flow.
Long term passive income is the key for long term financial freedom.
Just PS: I started as wholesaler then graduated to be a flipper.. then buy and hold ....
So go for it girl, but keep in mined the long term plan!!!
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Hadar Orkibi:
@Melanie Hartmann I see your post as trending and couldn't believe how many pages it has. all i can say is good luck! wholesaling is good "job" if you turnover few houses a month. if you are not, then consider switching to flipping as soon as possible.
-- much more money with flipping then wholesaling for $5-$10 per deal.
Following to that start building your own portfolio, if your fiance have good income then you should be able to buy and hold. consider the BRRRR strategy.
Real wealth is what you hold and not what you buy and sell for cash-flow.
Long term passive income is the key for long term financial freedom.
Just PS: I started as wholesaler then graduated to be a flipper.. then buy and hold ....
So go for it girl, but keep in mined the long term plan!!!
Right? Who knew the post would get so much attention?? (Maybe I'm on to something here, haha)
Thank you for your words! The plan of wholesaling, then flipping, then buying and holding is THE plan. It's a great way to go about this (from what I understand). Ultimately, before I "retire," I will own apartment complexes.
- Real Estate Broker · Windsor, CT · Member since 2015 · 1k+ posts · 268 votes8y
@Melanie Hartmann I would love to hear an update on this one! How did you decide that Now was the time to quit? Do you have alot of leads in your pipeline? I am hoping there was some kind of plan or strategy in place.
- 8yHadar OrkibiPro MemberRental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
@Melanie Hartmann its a good plan if you need to wholesale to build up some cash for down payments. but if you can afford it you could just jump in to investing.
and maybe doing the odd flip.
If your goal to hold apartments, but you still need to wholesale or flip, then you could consider trading small Multifamily. this way you start in the sector you want to be in long term and learn along the way.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Hadar Orkibi:
@Melanie Hartmann its a good plan if you need to wholesale to build up some cash for down payments. but if you can afford it you could just jump in to investing.
and maybe doing the odd flip.
If your goal to hold apartments, but you still need to wholesale or flip, then you could consider trading small Multifamily. this way you start in the sector you want to be in long term and learn along the way.
All really great tips Hadar! Thank you!
Wow, right before a recession, quitting your job, and getting involved in something you have not done yet at all and the vast majority fail at. Then you claim it's the best decision for your life when you haven't even seen the outcome or results yet. That is not the bastion of critical thinking...sorry to be blunt...
And somehow you think that your fiance's income will make it all OK. You do realize the vast numbers of engagements that end (25%)? Apparently not, as you seem to not understand that there is a recession and a slow down in play soon, and yet you quit your job, and are already claiming that it's the best decisions for you and your family when you have not even done anything yet. I am astounded...I'll leave it at that...
"I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top of that. I have not done any deals yet but am planning to get into wholesaling ASAP."
"This wasn't on a whim and there are other factors at play. At this time it's the best decision for my life and my family."
- Houston, TX · Member since 2017 · 5 posts · 3 votes8y
@Melanie Hartmann Hey! I didn't see you guys are from Baltimore! I live in the Aberdeen area, but hang in Baltimore here and there and try to catch some meet ups when I can.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Jack B.:
Wow, right before a recession, quitting your job, and getting involved in something you have not done yet at all and the vast majority fail at. Then you claim it's the best decision for your life when you haven't even seen the outcome or results yet. That is not the bastion of critical thinking...sorry to be blunt...
And somehow you think that your fiance's income will make it all OK. You do realize the vast numbers of engagements that end (25%)? Apparently not, as you seem to not understand that there is a recession and a slow down in play soon, and yet you quit your job, and are already claiming that it's the best decisions for you and your family when you have not even done anything yet. I am astounded...I'll leave it at that...
"I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top of that. I have not done any deals yet but am planning to get into wholesaling ASAP."
"This wasn't on a whim and there are other factors at play. At this time it's the best decision for my life and my family."
Thank you for providing the most original insight available throughout this entire thread... You are amazing! Cheers!
Originally posted by @Jack B.:
Wow, right before a recession, quitting your job, and getting involved in something you have not done yet at all and the vast majority fail at. Then you claim it's the best decision for your life when you haven't even seen the outcome or results yet. That is not the bastion of critical thinking...sorry to be blunt...
And somehow you think that your fiance's income will make it all OK. You do realize the vast numbers of engagements that end (25%)? Apparently not, as you seem to not understand that there is a recession and a slow down in play soon, and yet you quit your job, and are already claiming that it's the best decisions for you and your family when you have not even done anything yet. I am astounded...I'll leave it at that...
"I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top of that. I have not done any deals yet but am planning to get into wholesaling ASAP."
"This wasn't on a whim and there are other factors at play. At this time it's the best decision for my life and my family."
Dont such a downer..The same way you REALLY dont know that a recession is coming for sure and if so, how soon, the same way she decided this was the time for her to go for it, yes it is a risk but a calculated one,
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
Haha, oh I'm sure! Just looking at numbers, I've heard you need about 15 buyers for every 1 seller in order to sell anything. I'm just excited that someone found my website, trusted it enough (as I'm still working on it and it's been up less than a week), and signed up organically without any marketing on my part! And has been communicating with me since signing up. (it's the little things when you are first starting out, haha)
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Melanie Hartmann:
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
Haha, on I'm sure! Just looking at numbers, I've heard you need about 15 buyers for every 1 seller in order to sell anything. I'm just excited that someone found my website, trusted it enough (as I'm still working on it and it's been up less than a week), and signed up organically without any marketing on my part!
you can either go the shot gun approach with a bunch of wanna bee's that waste your time.. OR instead of doing that research public records find out WHO the REAL buyers are and only present deals to them..
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
Haha, on I'm sure! Just looking at numbers, I've heard you need about 15 buyers for every 1 seller in order to sell anything. I'm just excited that someone found my website, trusted it enough (as I'm still working on it and it's been up less than a week), and signed up organically without any marketing on my part!
you can either go the shot gun approach with a bunch of wanna bee's that waste your time.. OR instead of doing that research public records find out WHO the REAL buyers are and only present deals to them..
Absolutely! I've been doing some research on the ways of doing that. Listsource seems to be one that comes up a lot. As I had initially suspected, based on my preliminary Listsource search, my current zip code and the ones immediately surrounding me have had a high number of cash buyers in the past 3 months.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Account Closed:
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
How many here push BS? i would like to know...............
My party pooper instincts must comment. The 5 buyers who signed up are not serious. Who signs up without knowing whats going on. Whats more troubling is Melanie thinks they are legit.
The 5 who signed up could be jokers from BP...........
The first 4 were from BP and communicating with them via this post and messages. The 5th one was an organic one that signed up this morning. Like I said, I'm EXCITED THAT SOMEONE FOUND MY SITE AND SIGNED UP! That's the point I was trying to make... the fact that someone FOUND my site all on their own and decided to sign up. That's pretty amazing to me.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Melanie Hartmann:
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
Haha, on I'm sure! Just looking at numbers, I've heard you need about 15 buyers for every 1 seller in order to sell anything. I'm just excited that someone found my website, trusted it enough (as I'm still working on it and it's been up less than a week), and signed up organically without any marketing on my part!
you can either go the shot gun approach with a bunch of wanna bee's that waste your time.. OR instead of doing that research public records find out WHO the REAL buyers are and only present deals to them..
Absolutely! I've been doing some research on the ways of doing that. Listsource seems to be one that comes up a lot. As I had initially suspected, based on my preliminary Listsource search, my current zip code and the ones immediately surrounding me have had a high number of cash buyers in the past 3 months.
that's all bunk... its very easy.. just go to the tax records.. and scroll through when you see BBG investements owns 150 properties ( just pulling out a name) in the area you want to work.. that's your buyer... cut out all the middle men joker wholesale brokers and take your deals direct to the buyers.. GIS is public information.. learn how to use it.. its how I create all my custom data bases.. of course I use a VA to do it for me.. but we give them the path.. they create the product..
Originally posted by @Jay Hinrichs:
Originally posted by @Melanie Hartmann:
I've got about 5 buyers on my cash buyers list now in the past 5 days and that's been WITHOUT marketing. I've also just gotten my FIRST COMPLETELY "ORGANIC" cash buyer sign up on my website from a mere internet search. That's pretty exciting I must say... :D
Keep in mind buyers are liars. you going to need tons of them.. if you can get to a real player that's what U need.
you know how many cash buyers are on BP that have no money LOL.. but talk a good game.. ??? so keep reality in focus.
But but but I keep reading if I find the deal the money will find me!!!!!!!!!!!!!
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