All Forum Posts by: David Bokman

Wholesaling is a sales and marketing business and whoever said you don't need money is straight up lying to you!! You need money for marketing otherwise how else are you going to get leads? Your not the first one to think wholesaling is the easiest way to start, but I always tell people if you don't have the skillset of sales/negotiating and most importantly the skill of how to market your business you could be wasting a lot of time and effort. Just my thoughts...... with that being said I would continue to research and learn, attend a few local REI groups and try to narrow down what your ultimate goal is and how you plan on getting there.

Welcome to the east coast! I'm a local investor and very active wholesaler, we close 2-5 deals per month. Feel free to connect if your looking for off-market deals in and around the Philly area.

Best,

David B

Not sure how long you;ve been doing this but growing a buyers list doesn't happen overnight. It's something that has to grow organically over time. It usually takes a ton of networking and online exposure to build your "brand". If you haven't taken any of those steps yet I would suggest starting with those.

Example: do you have a link you can send people so that they can join your buyers list? If so you should blasting that link everywhere (social media, craigslist, biggerpockets etc etc). 

Wholesaling is a marketing business. You gotta network and hustle to build a solid list and it's gonna take 6+ months at least! 

Wholesaling is a sales and marketing business period! If you have the skill set for a 6+ month commitment for marketing and your good at "closing" deals and you have the extra time then yes you should market for yourself. If you don't have the time and skillset for marketing long term, then no it makes more sense to leave it to someone else. Just my 2 cents.....

99.9% of all wholesale/off-market deals all go to cash buyers. 

Every investor should work with at least 1-2 good wholesalers.....you will/should get your best deals this way unless your doing your own marketing. 

Ive never had a seller dictate how much the deposit should or will be. Actually, it hasn't ever even come up. If you keep running into this issue your doing something wrong or you have to learn to overcome this objective. Wholesaling is a sales and marketing business, and the skill set of negotiating is true value added skill to have which not everyone does. 

#2 there is no such thing as a "wholesale property", its your job as a wholesaler to negotiate the price down from the seller to actually turn that property into a "wholesale deal". Most sellers still want retail prices regardless of condition. 

Trial and error.....link up with a few of them in your area, get on their buyers list and start looking at the deals they send you. If you know your numbers and area then you should be abe to tell from the numbers. Some wholesalers do a much better job of presenting and most importantly getting actual deals. And yes, most of the deals should be much better than properties off the MLS.

@Glenn Russo Welcome to the BP community, we all stumbled here one way or another. If your looking to pick up any more off-market properties in the Philadelphia region feel free to connect anytime. I'm a local investor and very active wholesaler in the Philly area.

Best,

David B

Investing in real estate is just a general term.....make a plan, zone in on 1-2 different aspects of real estate that you can actually do. For example, if you don't have any money and no experience its going to be very difficult to actually invest in anything, let alone trying to rehab a property. Some people try to wholesale, but then they find out very quickly that wholesaling is a sales and marketing business and if you don't have that skillset you could be wasting a lot of valuable time. Get more specific with what your actual goals are and what you are actually able to do. 

Good luck

David B