All Forum Posts by: Deb S.

@Nelly C. lifetime access to the mentorship and the course materials. There is also a private FB group where all the students post and upload files.  That alone is worth it's weight in gold! Students upload everything from cold calling scripts, contracts of all kinds, spreadsheets of all kinds, etc.  Pace uploads various documents as well that he has paid his attorneys to create.  We all post in this group when we have a question on anything or are looking for a certain document.  There are always multiple responses to anything posted because this is a VERY supportive group and everyone wants to help each other out. Hope this helps!

@Lisa Sullivan Hi Lisa I'm in Port Charlotte/Punta Gorda.  There is a local Meetup group that meets twice a month on Thursdays.  Go to Meetup.com and search for 'Creative Real Estate Investors Group of Charlotte County'.  The leader's name is Blair Milliken.  Hope this helps.

You shouldn't rule out apartment complexes if you can get owner financing.  Then you won't need the usual giant down payment.  Also, the market is pretty high right now - have you considered selling one or two of these properties to add to the amount of cash you have available for your next purchase?  Seems like you have over $500k in equity?

@Ryan Cleary call Ian Phillips at Theiss Agency in North Port - 941-564-5333.  Tell him I referred you - he saved me a $600/year on my home and several hundred on my car policies.  I am in the Port Charlotte/Punta Gorda area.

@Tom Gimer you're contradicting yourself.  You said 'as a RE license is definitely required to wholesale in that state' and then your response to @David Emanuel says a wholesaler CAN assign a contract.  So you said 'the issue is how to market your interest to potential buyers without violating FL law'.

What kind of marketing to potential buyers would break Florida law?

I have to disagree with those here that say you need a RE license to wholesale property.  I'm in Florida so I'm speaking for my state and it is NOT required to have a RE license to sell YOUR INTEREST in a property.  Clearly, the WS  does not own it but DOES have an interest in the property typically secured by a deposit to the seller/owner of that property.

Also, I don't know ANY WS that closes on a property first.  That is not wholesaling. That is a P & S and then you have to put the same property up for sale and pay closing again?!!  There goes any profit you may have made.

I agree that transparency is key so there are no surprises.  A WS should tell a seller right away that 1 of 3 things will happen: I will buy your property and fix and flip it for a profit, I will buy your property and rent it/add it to my portfolio OR one of my partners will buy your property to do the same. 

Also, when a buyer is using HM, that HM lender wants to see the original contract between buyer and WS.  So, in that scenario you as a buyer know exactly what the assignment fee is.  Lastly, the assignment fee is paid by the end buyer so the seller should not be annoyed at the end price.  The seller is getting exactly the amount agreed upon which was put in writing and signed by all parties involved.  This is just honest business - nobody is trying to hide anything or pull a fast one on the seller in this scenario.  Literally, everyone from the seller, WS, HM lender and end buyer knows all the numbers.  

Just my two cents.

In my opinion, a good wholesaler will leave plenty of 'meat on the bone' for the buyer, be very accurate in describing the property AND include pictures -  not just of the outside of the property.  Don't be afraid to give the address so any interested buyer can drive by and do their own assessment without having to bother you.  After all you only want to deal with serious buyers.

Once you have a buyer and/or signed contract, don't keep shopping around for a better price. Build trust and a good reputation and you'll never have a problem finding buyers.

Lastly and probably most importantly, communication is key for me.  If I call or text about a property and get no response and have to reach out multiple times for an answer, this makes me frustrated because my time is as valuable as yours.  Communicate, communicate, communicate -  even if you just send a text that says 'hey busy right now, will get back to you by end of the day'.  Let me know you received my call/text.  

in the end it's all about building relationships.  I want to build my network with honest and reputable people and maybe even make a friend or two along the way!  Hope this helps!

@Cody Campbell what an amazing transformation!  Looks like you've got some quality contractors.  Congratulations on making your vision a reality!

@Austin Sine Thank you for taking the time to post this info.  Great ideas!  

@Jamie Johnson I just had a call last night with someone from Pace's program.  I was interested in the 'no excuses mastermind event'.  On the call Joseph outlined 4 different levels for the above mentioned program I am interested in. 

1 - Core pgm is $7800 (6 weeks video course, contracts, exit strategies, marketing, scaling, JV pgm, FB groups, daily Zoom calls with Pace, etc)

2-Standard pgm is $10,800 includes all above but will include the expanded version which will be 11 weeks and will include topics like Astroflipping, probate, etc. Includes 3 months VA and CRM free. Also get 1 free transaction coordinator to do your paperwork.

3- Mastermind is $19,000 includes all above, transaction coordinator for paperwork for all your deals and you get to go to Phoenix and spend 2 days with Pace in person.

4 - Mastermind event in Phoenix only is $10,000.  Event is November 6 and 7 2020.  

The mentorship program is life time access and they work with your business, not an individual.  This means if you hire others in your business they will mentor them as well at no cost.

Hope this info helps answer some questions.  I have a follow up call today.  Best of luck to all!

Deb