All Forum Posts by: Jill DeWit

@Dan Graney

What a great opportunity! You have so many options that I sincerely hope you do not let this one go! Even if you put no $ in, and are able to "broker" the deal that is great!

Good luck!

@Lawrence Taylor

Hi there! I picked up on two things:

GOOD PLAN: "So my plans are to continue focusing on direct mail"

and NEEDS WORK: "I only send about 4-500 pieces a month."

Make that closer to 4 to 5,000 and you should happily feel the results. And make it a good mailer - i.e. personal, 2 page, decent offer, etc. Get good data, merge/sort down to your ideal seller list, and use sometime like Yellow Letters to get it out. If you stay with it you will be too busy answering the phone to event think about driving around and knocking on doors.

Hope that helps!

That's fantastic! Congrats! And thanks for sharing the facts with everyone!

-Jill

Hi @Brennon Williamson

Totally intrigued by some of the advice you are receiving. All I have to say is anything is possible!

You can totally buy and sell property all over the county - SITE UNSEEN - and make a profit. Doing it just a few hours on the weekend. That is all I do. Now my company has about 15,000 deals under our belts so I think I can safely say it works.

Start small - spend a few hundred dollars on a property - learn how it all works - and build an empire!

Totally can be done. While you are finishing college. 

Good luck!

Jill

Hi @Stephen Bynum

um.... Have to say that no matter what you attempt, I would always be sure that your spouse (husband or wife) is on board!

Having said that - I know someone that created a PowerPoint presentation for his wife to get her on board as he was starting his land wholesaling business! (That happens to be what I do but was not me.) 

I would do both! I would get the "day job" to pay the bills WHILE creating this side business and then only quit when it no longer makes sense to keep the day job - or you are losing out on deals due to the day job. (Do this a few hours on the weekends.)

Hope that helps!

Jill

Hi @Sarah Schlueter

I think that it's a great plan if you can line up a buyer/investor and have funds lined up for when the right property comes along.

But sometimes, folks are leary of promising anything without seeing the deal. As you get rolling I am sure it will get easier, you will build up a great client/investor list, and be in great shape. 

Hope that helps!

Jill

Hi @Seth Raio

One word. "Option".

Find a property and create an option to purchase for X with seller, create a document to make sure everyone on the same page and good with you marketing to sell on your site, etc., then list at Y (whatever you want to target as sales price), go find a buyer & voila! Then you get to sell to buyer at Y, pay seller X, and keep the profit in the middle. 

Sure, a lot more goes into it than that but that is the big picture. I do these types of deals when I don't want to tie up a ton of cash or I am not really thrilled about X price but willing to put a property out there and see if it sells.

Hope that helps!

Jill

@Dave Grimson

Glad no one has written anything like "Sleep is overrated". Ha ha.

But really, there is A LOT you can do getting started in this industry with only putting in  a few hours each weekend. Sure you might be started small and building up but that is the best and safest way I think. Took me a while to "quit my day job" but now I can and travel and work from anywhere! (I just might be in Thailand right now...)

Good luck to you!

Jill

@Benjamin Cowles

Did not see that at all in the article. It's actually a great article and totally describes one side of my business. Give it a quick read again? Totally win - win for everyone when you pay cash for a property or wait until it is paid off and then offer some sort of your own "owner financing". Helps folks that might not qualify any other way and you get more ROI.

Good luck! Jill

@Cornelius Charles

Greetings from a former, now part-time So Cal person! (Born and raised in Orange County, now in Scottsdale, AZ and part time out there. Totally miss the beach!)

So Cal is a nutty, expensive area so have you considered other states - or slightly inland like Kern, Riverside, or San Bernardino? I do a ton of wholesale deals in those counties and have been very successful. I buy and resell (wholesale) land but not always rural land, sometimes city infill lots. 

Good luck to you!

Jill