Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

Account Closed
  • Investor
  • Indiana
19
Votes |
39
Posts

Wholesaling is going great, and I'm looking to expand!

Account Closed
  • Investor
  • Indiana
Posted

I made a post not too long ago and I have spoke to two attorneys and found the workarounds required to wholesale despite being a minor. I've been making around 150 calls a day, from 4-7, and I'm looking to use batchdialer to both increase that and hire a virtual assistant. It's kind of confusing, I've been watching videos on it and I've definitely learned more but I don't know how to stay on top of my leads and follow ups. As of right now, I have 2 deals that I'm working on getting under contract, and 3 people who are interested in selling but haven't gotten any further.

Should I try to hire a virtual assistant to help me with that? I already have very poor organizational skills but basically I want to know each property owner that answered and wasn't interested at the time to follow up in maybe 2 months or so, and also mark all the numbers that were alive but didn't answer, and all the people who are maybe interested in selling.

Either way, I've got a nice deal I'm getting under for my first contract, it's such great luck I'd love to share the story. It's a guy who's sister moved to another state, but he owns the property and it's just a burden for him. Before his sister left, they were doing a lot of work on the 4 bedroom 2 bathroom, nice garage, basement house that hardly needs work. He has given me a verbal agreement on terms, I'm trying to get 10% down and monthly payments with a balloon payoff after 12 months. I think I might get an assignment fee of ~15k while still leaving ~55k profit for the investor!

I want to use these funds to expand my knowledge on virtual wholesaling and how to utilize batchdialer, dealmachine, and maybe 2/3 virtual assistants to help me do work. Does anyone have any resources that I could use? 

Most Popular Reply

User Stats

77
Posts
43
Votes
David Rosenhaus
  • Freehold, NJ
43
Votes |
77
Posts
David Rosenhaus
  • Freehold, NJ
Replied

I'm having the same issue with organizing the list after the first set of calls.  There are CRMs that will help with that, but I haven't had time to research which would work for me (I work 60-70 hours/wk at my support job).  I also want to hire VAs but it's too soon.  There's no money coming in yet, so it's irresponsible to spend on something you may not be able to maintain.

You also need to understand that "in talks" is NOT a deal.  They are still just a lead.  Maybe a "hot" lead, but still a lead.  It's very important (mentally) to know the difference, because if you think it's a "deal" based on verbal almost-agreements, you will be mind-screwing yourself if you don't get the contract actually signed.  

Keep grinding it out.  We'll both get there!

Loading replies...