All Forum Posts by: Chris Williams
Chris Williams has started 9 posts and replied 97 times.
Post: New to Wholesaling in Atlanta – Looking for Guidance & Connections
- Wholesaler
- Posts 99
- Votes 39
Quote from @Chaz Jenkins:
Welcome! My primary experience recently w/ Atlanta wholesalers has been mispriced properties due to the additional margin added. Just have solid comps, ARV numbers, and of course good clientele. Just put yourself in the shoes of the other side of the deal and consider what numbers would make sense for them.
I am a wholesaler myself and yea I agree. I partner with wholesalers in the ATL market and yea the amount of trash flooding my email is wild. I get the same property sent to me multiple times and it just blows my mind.
Quote from @Bryant Arria:
Currently using Batch leads which maxes me out at 1,000 texts a day, does anybody out there have a program that they recommend that is affordable and allow me to increase my volume of texts per day?
Are you still in the Atlanta market?
Quote from @Alan Asriants:
Many wholesalers motives are to make a quick buck. They are more motivated by the payout than building a relationship. Agents are also susceptible to this, but tends to be more prevalent in the wholesaler community. My guess is that their mentors are similar, no barrier to entry, and no major organization or entity that holds them accountable for ethics.
This is also why you will see most deals in the not so favorable areas as it is easier for them to prey upon those sellers. I've walked through a property with a wholesaler and when I walked in I told him the ceiling height here is a big factor for resale and I can't use the comps he sent me. He was surprised and when I asked him if he thought it was a big deal he told me: NOT AT ALL! Lol.
They have decent deals from time to time, but they are usually volume based, not in tune with market, and more motivated to push a sale than to really see if a deal is good or not. Take their ARVs and cost of rehab with a grain of salt. Do your own due diligence and don't believe the hype. You'll believe it when you see it. Sometimes there are good deals tho
I appreciate this post as a wholesaler myself. I tell all buyers to not trust my ARV and repairs since they have their own contractors and idea of what they think value is. I even go to my buyers for ARV sometimes. I wish more wholesalers understood wholesaling is a business and not just a fun hobby. A good wholesaler can easily make doctor money, but so many of them are just stuck on retiring on one deal. I guess it is because I grew up being a basketball player that I am willing to be coached and hear buyers out. I learned in sports that a massive ego means that you are selfish and hurt the team as a whole even if you individually shine.
Quote from @Bryce Langford:
Are you working with actually licensed Agents? I recommend finding ones who are licensed, experienced in house flipping themselves, don't allow JVs, and are actually selling to end buyers instead of other wholesalers.
There is a huge problem with unlicensed wholesalers and Joint Ventures here in San Antonio. Work with Investor friendly Real Estate Agents who are held to the TREC standards.
I am a wholesaler myself and my business partner are discussing getting licensed. The wholesalers in my market are kind of a joke haha. I do agree investor friendly agents can be a great place to look for flips.
Quote from @Account Closed:
I’m about ready to give up on wholesalers! I’ve wasted a lot of time going and looking at “a jewel of a deal”. Here is the latest example from yesterday
This is how they advertise it, $180,000
“If you’re looking for a great investment, with great bones and endless possibilities, this 3-bedroom, 2-bath gem in New Braunfels is it! The roof is 5-7 years old and the foundation was updated 5-7 years ago so the big stuff is already taken care of. All it needs now is a little TLC to bring it to life—think fresh paint, new fixtures, etc.
The cabinets, floors, and walls are all in good shape, so you’ve got a solid starting point. It’s the perfect opportunity for an investor hunting for a smart deal.
Located in a great area with a charming downtown, awesome local restaurants, and plenty of outdoor fun by the Guadalupe and Comal Rivers.
This is one of those homes that doesn’t come around often—a solid investment with tons of potential that won’t take much to make it shine.”
The county has it appraised at $188,000 and here are some pics.
My question is how can someone be so far off on value and continue to keep their job?
As a wholesaler myself I can provide some feedback. A lot of wholesalers run on a lie until they are called out on it. A big part of this is the lack of entry to get into wholesaling. A lot of it is just greed and another part of it is lack of knowledge and ego. You end up getting a wholesaler who knows little to nothing and has a massive ego which is a bad combination. The way I see it as a wholesaler is that my buyers are people who I am striving to buy one day so I pay close attention when they tell me something. My end goal with wholesaling is to eventually buy properties myself. A lot of wholesalers are in the business of short term transactional deals where they can make $10k here and then never speak to the buyer again. I understand your frustration. I work on the disposition side of wholesaling and the amount of inflated ARV's I see blows my mind. It does have a pro though I have gotten very good at comping haha. I prioritize relationships with my buyers. I send all my stuff to like 4-5 people since I trust them and their feedback. I hope that gives you some insight on the mind of a wholesaler. I am looking forward to states requires all wholesalers to get their license, so that way I can get licensed and then I don't have to try to partner and jv with non serious wholesalers anymore.
Post: New to Wholesaling in Atlanta – Looking for Guidance & Connections
- Wholesaler
- Posts 99
- Votes 39
I also work in the ATL market. I work on the disposition side of things. How new would you say are?
Quote from @Michael Goddard:
I'm new to the whole scene. I have a lot of drive. I understand that nothing in life is free. I'm looking for somebody to correspond with. About my ideas and general questions. I'm willing to help this person in any way I can. Whether it be cleaning their properties or doing manual labor. I am an electrician. Or if the person is not in my area I am willing to compensate. Thank you to anybody who responds.
If you are new to wholesaling I would say make an effort to decide if you are going to be an acq or a dispo. Very few people have the ability and the time to work both sides of the transaction. For instance, I only do disposition. I spend all my time finding acq wholesalers who have deals and connecting with buyers. I don't talk to sellers, agents or call MLS listings.
Post: Partnering with Acquisition Wholesalers
- Wholesaler
- Posts 99
- Votes 39
If you were a dispo wholesaler (a wholesaler who focuses on moving deals) what tips and best practices would you give to make solid and meaningful connections with acquisition wholesalers on BP?
Quote from @Joshua Kavadi:
Quote from @Chris Williams:
Can you dm me more about your buy box? I would be interested in adding you to my buyer list.
Yes Chris, I would be interested to buy land in North east Georgia / Jackson county .
you can email me at [email protected]
Yea I am mostly in Atlanta with deals I get.
Can you dm me more about your buy box? I would be interested in adding you to my buyer list.