All Forum Posts by: Jay Walcott

I'm looking as well.

I live out in Penn Estates by Tannersville.   Maybe we could link up and network.   

I came across his program, I never signed up for it because at the end of the day, it doesn't make sense to pay for that information.   But I will say this, it does work, using wholesalers to help your buyers out.   The wholesaling process is simple.   But getting buyers to buy, is the hard part.  But what's so beneficial about it is, you gain buyers from the process.   I have, and gain 100 new buyers last week.   But you have to make the wholesaler work for you.   They have trouble for the most part finding buyers, and all you're doing is finding buyers.   The new investor that's ready to buy, you have to find lending for them, that's the major part key I feel like he might have left out.   But it works.

1. Find lenders

2. Find buyers

3. Find wholesalers

4. Market inventory on your site to buyers and online ( with permission, if not, keep building list )

5. Get buyer.

That's pretty much the process, but it's good for somebody who's starting out, and doesn't want to be tied into a property they're afraid they can't sell.   

best way I personally think is to make a website that asks for your buyers criteria.   Go on Craigslist and send them a email of what you do, your contact information, and your website.   Let them fill it out.   That's how I'm building my list and I already added 40 people just today alone.   Now to say are they real cash buyers?   Who knows, it's a numbers game.   But a deal is a deal if it's a good deal around the board.   Get their contact information, and when you get the properties, email blast the deal analyst to your list.   Work backwards first.  Build up the buyers, then get the deals.   Personally

What's going BP?   I'm looking to network with rehabbers/ cash buyers in the Harrisburg area.   If you are, send me a request and a message so we could exchange contacts and start networking!

What's going on to the new members.   This site is a platform to gain knowledge into the world of real estate investing, and is very resourceful.   If you're new to the game, let me be the first one to tell you that it is easy WITH, the right state of mind.   There will always, no matter what business you conduct, there will always be somebody doubting your efforts.   Those same efforts inspired by ambition.   Ambition will always out way negative energy.   Simple formula, but the mindframe HAS to STAY positive.   Investing period will always have risks, just like any decision ever made.   Your goal is to pick the risk that's beneficial to you, or your business.   But you must be fair.   Understand, once again, nothing will be easy without being in the right mind frame, let investing period become SECOND NATURE.   Learn as much as you can, with actual efforts that will last a lifetime.   There are people here to on this site that are very helpful, knowledgeable, encouraging, that actually want to see you win, but with balance, there's also people on here that are negative.   You'll know and see by responses or comments, that they will never be worth it, and show them by NOT WASTING your time with a reply.  Being in the right mindframe doesn't allow, negativity.   Above all, ask questions.   Ask as many questions as you can, if it's a stupid question, ask anyway.   If it's a bad question, ask anyway, if it's a good question, ask questions.   Questions are meant to gain knowledge on something, you know about, but aren't KNOWLEDGEABLE about it.  Let this introduction to this site inspire you to handle and do business differently than others.  I challenge you to become the best real estate investor, real estate agent, broker, that you can become.   And once again, NEVER LET SOMEBODY CONTROL YOUR POSITIVE MINDFRAME.  - Jay

It's a great way to network and get some money in your pockets while doing it.   I'm wholesaling in Harrisburg PA, but I do have some people down near Atlanta, send me a request so we can network.

And I forgot to add that in, just listen to everything they say.   She's right!

You can break down the laws, regulations, terms, licenses etc.   At the end of the day, it's a hustle.   Why do you wholesale?   To make money, as simple as that.   That's why I feel like at the end of the day, just be upfront with the seller, if you're an agent or not.   Remember, you're dealing with people's houses, keyword PEOPLE.   It's more of a trust thing than anything.   If you make the contact, or they make the contact ( the seller ) at some point of the conversation, they have to be able to trust what you're doing, even your end buyer, IT'S BASED OFF TRUST.   If you're if you're upfront with everything, it won't raise suspicions, but at a point in time, yeah you should get your license, and once again, BE UPFRONT.   Not saying anybody on this thread is dishonest, I believe you guy conduct business in a orderly fashion, but marketing a property goes back to being upfront, JUST ASK.   If they agree, I don't see the issue.   If they know how much you're making ( buyer or seller ) I don't see the issue.   If you can double close with the title company using the buyers money, AND THEY ARE COOL WITH IT AND THE TITLE COMPANY ALLOWS IT, I don't see the issue.   I started wholesaling a month ago, and within my first 2 weeks, I closed on a property and I have 5 more down the pipeline that are getting ready to close.   The fact of the matter is, know the laws in your area regardless.   The second thing is, stop making it more complicated than it already is.   If you're driving to work, you know there's risks, you could get into an accident, somebody could rear end you, get out the car and hold you at gun point, I mean should I really get into it?  But yet, you still have to get to work, and it's not going to stop you from going the next day, and the next day, and the next day.   I like the information that's been provided on this thread, because I'm a student of the game, and I didn't sign up for any real estate classes or anything like that ( plus my cousin is a lawyer lol ) I just got it and understood the whole process.  And I'm a "newbie" which is a dumb word to me personally, we should get rid of that.   Seriously, it's dumb.

1. Ask them why they're selling ( twice ) ask them this out the gate AFTER you introduce yourself.   It gives you the leverage to neogtiate the deal.

2.  Ask if there's anything owed to the property ( mortgage, liens, etc ) because that could be a deal all in itself right there with a subject to.

3. What is their asking price?   Simple enough.

4.  If you can close within 30 days, what's the lowest you can do for the price?  Sometimes that makes them think, remember it's about timing.

5. Is that the best you can do?  If they won't go down from that, then refer back to their motivation and try again.   If they still don't back off, then you tried.   But follow up.   Show interest.   

But more importantly, just flow with conversation.   Don't sound like a robot ready to take over the world.   Be yourself dude.   I was nervous at first because I don't like speaking to people I don't know, ESPECIALLY ABOUT THEIR HOUSE!   The first time I spoke to a seller, I didn't know what to say either, and asked dumb questions like, how man bedrooms, bathrooms etc, AFTER SEEING THEIR AD ONLINE lol.   But after some practice, I realized that, you have to sell yourself FIRST to the seller.   Let them know that you're really doing a service for them, because you're not only working for deals, but you're working for referrals.   Remember.  Learn, focus, and trust yourself.