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
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @D'kavvin Wilson:
Lol wow I don’t even no how to answer this.... what do I need a real estate license for? ( please don’t day to run cma’s) I can use a agents login for that. Why do I need to have a background in construction( when I have contractors and mentors just go with me to the house I’m looking to get under contract and get their more professional analysis. Do I have experience flipping ... yes I do as if matter of fact.
I don’t have to know how to do everything I just need to no how to find the people that know what I need to know.... you guys are killing me
I don't think your agents that are giving you their log ins would appreciate you mentioning that in public.. that's a total violation they can get fined 20 to 25k in Oregon for that and lose their privlages.. there is private owner information on the agents look in.. that is reserved for agents only not the public.. Geesh no wonder you un licensed wild men get such a bad rap.. you simply don't follow any rules but your own.. really sad .
- Real Estate Agent · Dallas Tx · Member since 2018 · 9 posts · 12 votes8y
Originally posted by @Jay Hinrichs:
Originally posted by @D'kavvin Wilson:
Lol wow I don’t even no how to answer this.... what do I need a real estate license for? ( please don’t day to run cma’s) I can use a agents login for that. Why do I need to have a background in construction( when I have contractors and mentors just go with me to the house I’m looking to get under contract and get their more professional analysis. Do I have experience flipping ... yes I do as if matter of fact.
I don’t have to know how to do everything I just need to no how to find the people that know what I need to know.... you guys are killing me
I don't think your agents that are giving you their log ins would appreciate you mentioning that in public.. that's a total violation they can get fined 20 to 25k in Oregon for that and lose their privlages.. there is private owner information on the agents look in.. that is reserved for agents only not the public.. Geesh no wonder you un licensed wild men get such a bad rap.. you simply don't follow any rules but your own.. really sad .
- Real Estate Agent · Dallas Tx · Member since 2018 · 9 posts · 12 votes8y
Lmao wow it does not stop... do you guys no there is such thing as being an assistant to an agent which allows you mls access??? .... GEEEESH I THOUGHT I WAS THE AMATEUR HERE TO LEARN BUT YOU GUYS SOUND OLD AND WASHED UP LIKE YOU STOPPED YOUR EDUCATION.
- Real Estate Agent · Dallas Tx · Member since 2018 · 9 posts · 12 votes8y
I’m done here guys. I wish all the “Positive” ppl here the best of luck and much success. I can’t stay here I’m giving away free unpaid for education to to many negative people lol.
- Rental Property Investor · North Babylon, NY · Member since 2018 · 5 posts · 0 votes8y@Melanie Hartmann Best of luck!!
Originally posted by @D'kavvin Wilson:
I’m done here guys. I wish all the “Positive” ppl here the best of luck and much success. I can’t stay here I’m giving away free unpaid for education to to many negative people lol.
When you'd start lol
Originally posted by @Jay Hinrichs:
Originally posted by @D'kavvin Wilson:
Lol wow I don’t even no how to answer this.... what do I need a real estate license for? ( please don’t day to run cma’s) I can use a agents login for that. Why do I need to have a background in construction( when I have contractors and mentors just go with me to the house I’m looking to get under contract and get their more professional analysis. Do I have experience flipping ... yes I do as if matter of fact.
I don’t have to know how to do everything I just need to no how to find the people that know what I need to know.... you guys are killing me
I don't think your agents that are giving you their log ins would appreciate you mentioning that in public.. that's a total violation they can get fined 20 to 25k in Oregon for that and lose their privlages.. there is private owner information on the agents look in.. that is reserved for agents only not the public.. Geesh no wonder you un licensed wild men get such a bad rap.. you simply don't follow any rules but your own.. really sad .
Loose lips sinks ships...
- Rental Property Investor · HOUSTON, TX · Member since 2016 · 11 posts · 6 votes8y
@Melanie Hartmann Go all in and leave no room for failure nor luck!. Hope is great, but faith without hard work is dead. Go all in! Be the best hardworking wholesaler you can be. Get to the leads before your competitors. Know all about properties in the county you want to operate in. Know the dates the fresh lists come out, how to get names, addresses etc of property owners, how to skip trace, how to use Call Rail. Go to your local REI club and meet like-minded people. Get close, and find an experienced wholesaler to be your partner/mentor.
Go on youtube and watch tons of videos. I chose Max Maxwell to learn from (find him on youtube/facebook/Instagram), then go out and take massive action.
Don't sit at home! Get on the road and put actions to your knowledge. Prove yourself.
Wish you success! You can do this!
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @D'kavvin Wilson:
Lmao wow it does not stop... do you guys no there is such thing as being an assistant to an agent which allows you mls access??? .... GEEEESH I THOUGHT I WAS THE AMATEUR HERE TO LEARN BUT YOU GUYS SOUND OLD AND WASHED UP LIKE YOU STOPPED YOUR EDUCATION.
so are you saying your now an assistant to a for real broker and that's how you get the MLS pass log in.. ??? some how I would think that's BS.. anyway... I know being a rank amateur I have a lot to learn from you.. and so do a lot of others on BP you should continue to spread your knowledge..
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y@D'kavvin Wilson I have yet to see you have one productive comment on this thread lol. All you do is call people out for “calling you out”.
- Palatine, IL · Member since 2017 · 2 posts · 1 vote8y
I see you. I hear you. I get you. Melanie, while you and your "true" support team (...and, you already know who they are) are driving, seat-belted and cautiously, yet bad-***, full-speed ahead down that road named "Ain't For Everybody", past the intersection of 'Nothing Ventured/Nothing Gained', and you (inevitably) reach a roadblock in the form of needing a marketing and/or CRM solution, look for me. I'll be the one holding the sign which reads "PART OF THE PROBLEM SOLUTION". P.S. Your "dabble" wasn't lost on me, ha, ha!
Originally posted by @Bayo Adebowale:
@Melanie Hartmann Go all in and leave no room for failure nor luck!. Hope is great, but faith without hard work is dead. Go all in! Be the best hardworking wholesaler you can be. Get to the leads before your competitors. Know all about properties in the county you want to operate in. Know the dates the fresh lists come out, how to get names, addresses etc of property owners, how to skip trace, how to use Call Rail. Go to your local REI club and meet like-minded people. Get close, and find an experienced wholesaler to be your partner/mentor.
Go on youtube and watch tons of videos. I chose Max Maxwell to learn from (find him on youtube/facebook/Instagram), then go out and take massive action.
Don't sit at home! Get on the road and put actions to your knowledge. Prove yourself.
Wish you success! You can do this!
@Bayo - What do you mean by "Know the dates the fresh lists come out" What lists? ty
- Rental Property Investor · MD · Member since 2018 · 287 posts · 205 votes8y
There is a lot of fire on this thread! @Melanie Hartmann I love the confidence! Let's go!
- Portsmouth, NH · Member since 2016 · 80 posts · 25 votes8y
@Chris Jackson Wow good stuff!! Great way to teach her to leverage from this post. Did you learn this from a FB marketing class?
- 8yChris JacksonPro MemberInvestor · Southold, NY · Member since 2016 · 173 posts · 154 votes
@Nephtalie Pierre Thanks. No. In this business you need to learn pretty quickly that this is a marketing business.
- Portsmouth, NH · Member since 2016 · 80 posts · 25 votes8y
@Chris Jackson Thanks! I've done quite a bit of offline marketing but havent really taken advantage of online marketing. Which it looks like you have. Do you have any recommendations on where to to start for that? i know i could do a google search. Just interested on your thoughts ;).
- 8yChris JacksonPro MemberInvestor · Southold, NY · Member since 2016 · 173 posts · 154 votes
@Nephtalie Pierre - Online marketing needs to be a holistic approach where you have your base things all set and then start picking away and focusing on the various pillars.
I would start by working backwards.
1) People do due diligence on you right away online. The first they want to get is warm and fuzzy feeling that you are a real person. So first have your FB account of yourself easily accessible , that doesnt mean open to the world but a professional FB profile with some info about you and for the pubic to go to your website to verify you are who you say you are and can find out more about you. So that means create a website with your mission statement, bio, experience and any other credibility items to add to your bio. Also add a way for people to contact you
2) add analytics codes to your websites, FB and google analytics codes are a must. you can analyze traffic over time and determine what works and what doesnt. you dont have to spend a ton of time on this but it is nice to have some metrics to cross refence
3) Think about who your most important target customer is first, is it buyers, sellers and or investors. focus your content and efforts on the most important one first. If its investors, just be careful I see alot of loose FB posts out there attracting investors. Know the best way to attract investors? know what the F you are talking about. Start posting on topics and add your thoughts to them. In time you will be a party and someone will say "hey tell me about East Bumble and why invest there"
4) its never ending, you need to be thinking about how you can add to your presence strategically. that takes time but you need to disciplined about adding content that is of value.
Once you have the machine working you can start getting into FB ads, email marketing, google retargeting and all that. Just have a professional presence that is active and growing gradually
Hope that helps. Its a big topic that wont be wrapped up in a bow unfortunately. Know why? Cuz if it was easy everyone would do it. :)
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Chris Jackson:
@Nephtalie Pierre Thanks. No. In this business you need to learn pretty quickly that this is a marketing business.
Indeed it is! I've been working on all of the "behind-the-scenes" portions that will eventually help my websites and company name rank on google. Googling the phone numbers of my business put at least one of my webpages per number on that first page, so that's a plus for when folks go to google those.
I've begun venturing into "cold-emailing" on Craigslist and have also added my #s and websites to my email signature as well. I plan to begin direct mail marketing in the next week or two once my LLC is approved. I have my first list of potential cash buyers at the ready to mail to. Going for the cheapest of the cheap to start off in case of any bad address. Still deciding on what company to use for the mailing. I'll be printing business cards soon and then I plan to focus on marketing to motivated sellers.
I've posted a cash buyer ad on FB a few days ago that, to my surprise, has actually gotten a few conversions. I tweaked the campaign after the first day to be a bit more targeted and that seemed to help. I've even gotten my first like for my company's facebook page, haha!
I'm at 15 cash buyers on my list now - a few are fellow wholesalers. (for the naysayers... No, none of them are vetted, so they could all be total garbage. Yes, I know you only need a few great ones). I've had almost 100 people visit my cash buyer site over the past 7 days - which is about how old the site is. And almost another 100 visits between my two motivated seller sites (I have not intentionally marketed either of my motivated seller pages yet). Things are moving along. I think I could realistically be looking at closing my first deal within the next three months, if not sooner. (for the naysayers... Correct, I may NEVER ever close a deal).
Today would have been my first day back to my W-2 job after summer break. I'm still happy with the decision I've made. (for the naysayers... I WILL always be happy that I made this decision, regardless of whether I end up making any money in this venture or not. Life is about the journey, not the destination).
This morning, I was just chatting with someone I worked closely with last school year. It was a great call. When you go against the grain, you QUICKLY see who truly had/has your back vs. those who were just blowing smoke up your you-know-what. Most people in life, at least in my experience, are just blowing smoke. I've no time for smoke blowers anymore.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Nephtalie Pierre:
@Chris Jackson Thanks! I've done quite a bit of offline marketing but havent really taken advantage of online marketing. Which it looks like you have. Do you have any recommendations on where to to start for that? i know i could do a google search. Just interested on your thoughts ;).
YouTube is a great place to start. I've learned and applied a TON of the techniques from there. I'd also highly suggest obtaining an investorcarrot website or two. They make a lot of the online marketing straightforward and hold your hand through the process. Their sites are built for easy use of online marketing tactics. I've made a lot of progress quickly because of them.
It's all about progress rather than perfection. My sites are still "under construction" in that I have not gone through all of the provided text to rewrite everything. I work on them a little more each day, some days more than others. I probably have jumped to gun with a few things, like FB ads (but for $5-$10 it didn't seem like a costly venture to try out and see how it went. In a few days, (just advertising that my investor site was up - but still a work in progress. Not the best ad, but helps show that I am a real person) has reached about 700 people with about 20-30 click throughs and a few conversions to my buyers list. Not bad for $5. I plan to use FB ads again a little down the line once I start posting blogs and the sites are a bit more complete/updated.
- Portsmouth, NH · Member since 2016 · 80 posts · 25 votes8y
@Chris Jackson Thank you so much for your input. I will definitely copy what you added and take some action on it. I appreciate your time!
- Portsmouth, NH · Member since 2016 · 80 posts · 25 votes8y
@Melanie Hartmann Thank you for your input! I have an investor carrot site but haven't focused on it as much other than setting it up with the basics. I was more so focused on offline marketing. You're doing amazing for your first couple of days! Keep at it!
- Contractor · St.louis, MO · Member since 2016 · 8 posts · 1 vote8y@Melanie Hartmann how do you begin to wholesale house like I'm truly ignorant as to how one would begin
- Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes8y
Originally posted by @Terrell Johnson:
rtmann how do you begin to wholesale house like I'm truly ignorant as to how one would beginWholesaling:
- You need discounted properties.
- You need a countract with an escape clause that you should NEVER use
- You need backend buyers
Now from there take each point and work backwards.
The reason I refuse to give you a recipe is because you will inherently just follow tasks without thinking. That is the sure way to end up where 90% of the wholesalers end up at.
Nowhere.
You need to think. Be smart. Think outside the box.
OK now.. go backwards,
What is the best way to get discounted properties?
- You should have no competition
- You should spend little to no money on said leds
- Should be effortless
What does all this? A ranking website. SO: Get a website, Lear SEO, Rank it high and this will happen...
This is the #1 thing you should have no matter what you do in REI. Wholesaling Flipping, BRRRRRRRR, you need a continuous flow of leads coming in.
Then go to step 2, and work again backwards.
Now to the following step till you have it all laid out. Now you have a complete list of tasks and steps in front of you that you now should convert into actionable steps.
Do not rely on others her eon the forums to magically give you the magic guide how to.
It
Doesn't
Help
Trust me I have been there and no one by far has worked as hard as I have to make it.. NO ONE, no ot you , not you and not you. Don't care what you all think, I have done the unthinkable obsessively maniac beat mode to get here.
How do I know no one did as much as I did? I ranked my site # 1 in 3 to 4 months... I thik that is a record.
So believe me I tried and now I have the magic guide .. how I did it... ad this guide will not help you... unless you are doing what @Melanie Hartmann is doing, and what I did. Relentlessly making it work.
That is seriously the best thing you can do.
Do the research get the education get what you need and just make it happen.
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