All Forum Posts by: Danny Day

Rusty Thompson thats a good way to get charged with tresspassing!

If you're serious about investing avoid this by getting licensed, you'll have access to the MLS as well as unlimited access to REOs. As far as getting in without being licensed, this is a big problem and can cost listing agents their license. I doubt any would put their license at risk for a showing.

Features and benefits.. How can you save them time, make them money, etc. I'm going to start marketing to alot of short sales soon so if you can do those two things for me, email me at [email protected]

James I would greatly appreciate that. Great idea. Thank you

What is your contact management system? Mine is complex with excel spreadsheets, etc and I'm looking to simplify.

Maybe input them into an excel spreadsheet, assign them an ID#, and create a roladex card with it so I can reference them when need be?

Looking for ideas

Thanks

Danny

Welcome to BP Brandi!

Hi Teri, welcome back

I've closed a deal with Shawn out of the Houston office and they are great people.

Will Barnard Yes your math is correct. Notice that I said my 1st year in. $30k for 1st year in RE business in a down market is not bad in my opinion. I am trying to take it to $60k this year from that.

If you're doing $100k annually from wholesaling I'd say thats great. I don't think its too far off to assume not many others are making $100k annually from wholesaling.

To each his own,

J Scott and James took the words right out of my mouth. I've had plenty of wholesalers want to work with me, the problem is that I do not have the time to do it. It really has no benefit for me to work with them. Yes, I am friends with a few wholesalers in Houston who do close deals. Yes, I will send people who want to flip / rehab properties to them. I noticed someone said the average wholesaler makes $10k per deal. I highly doubt that is the industry average. Maybe in CA where home prices are higher. In TX I think wholesalers are getting $5k if they find a nice deal. I'm not sure, I've never worked as one. As far as competition goes, wholesalers are not competition. Its comparing apples to oranges. I work with retail buyers, wholesalers work with niche markets and investors. I don't mind working with investors who I know will close deals. The key word there is close deals. Starting out I'd meet with everyone who called themselves an investor. I would open 15 houses, run comps, spend hours upon hours working with these people.. and guess what, they didn't close deals.

Agents care about people who are ready, willing, and able. The portion of those people are retail buyers. I'm not going to spend hours of my time trying to close a $30k deal, when I can spend the same amount of time trying to close a $300k deal, plain and simple.

Sean Fisher being a realtor in today's market is not as tough as you might think. I've sold over $1m in volume my 1st year as an agent, in a "down" market. I doubt any wholesaler is making $100k per year. I know plenty of agents who do, and hopefully this next year or two I'll be there with them.

Lots of fluff in this thread. The bottom line is that wholesalers and realtors serve different clients. Being licensed enables you to not only serve investors, but also retail clients, which means more $$$ in the long run.