All Forum Posts by: Jason McDougall

Hey Jonathan,

The best time to start wholesaling is right now! I wouldn't say that it's better to start in a buyers or sellers market, but finding good deals does become more difficult in a buyers market. There are typically fewer deals to be had, but they're still out there! 

Good luck!

Your mentor that claims that there is too much competition may be looking at things the wrong way. There will always be competition if there's a lucrative deal to be had, don't let that discourage you! Focus on generating ideas of how to beat out your competition. 

Massive action generates massive results!

Here are a few questions that can help us help YOU to be successful:

- Where did you get your mailing list from?

- What group of sellers are you targeting?

- How many mailers are you sending out?

- What format are your mailers? (Postcard, yellow letter, etc.)

- What message is conveyed in your mailings?

- How many bandit signs are you putting out?

If nobody seems interested in the deals that you find, they're likely not deals. When you find a good deal, you will easily find a buyer. 

The key to success in this business is having a relentless attitude towards success. Don't give up. Strategic and consistent marketing will benefit you greatly.

Does anybody have any experience with JCF (Jordan Capital Finance)? They're primarily a rehab lender with terms similar to a hard money lender (14% with 4 points). They're out of state, which I can deal with. They have been very persistent in gaining my business, but I wanted to see what experiences others may have had with them before I send them a credit application. Thanks!

Hi Heidi! I think it would be wise to purchase additional rental properties with the additional money. If your mortgage interest rate is lower than 6%, then you can probably be making more than 6% on your $20,000 by investing in it real estate instead of using it to pay down your home loan. If you leverage yourself responsibly in real estate, you'll grow your wealth quickly!