All Forum Posts by: Ranjit Wasu

@Tom Cafarella Hi Tom and thanks for your detailed message, i really appreciate that.  Please could you assist me with this:

1. Determine what kinds of properties you want to buy. This may sound simplistic, but you need to get laser focused on exactly what you want so that you can then plan your marketing campaigns.

--- So does this mean, for example distressed homes or single family homes? Or could you please elaborate further.

2. Build a database of all of these properties in a CRM preferably

--- whats a good CRM thats on a budget also that you could recommend?

3. Find all of the owners contact information(cell phones, correct mailing addresses, emails, etc)

--i bought a mailing list recently from list source and has names and numbers etc.  I then used letter stream to send out the mailing to them recently.

4. Market to these people on a consistent basis:

-- when you mean market to these people, sorry if i am being obvious or just blind, but you mean i should every month connect with them either by mail or phone ? I think i am confused when you say market. Do you mean i should market my ability to sell their house quickly?

a. Calling them(either you can do this or you can hire someone to)

-- i can do this.

b. Mailing them

-- yes, i can and have recently done this via the mailing list i purchased (but here, my question is, for example i don't want to restrict myself to a specific area, but how can i determine what a good area is and that has potential?

c. Emailing them

-- i can do that

d. Using facebook ads to stay in front of them

--i haven't really used Facebook ads, is there something you could suggest i look at and read on to become more familiar?

e. Using google adwords to target them.

--same as point d.  How would i use/set this up.

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I have a website that i am going to publish - how would you see best that i utilize my website to demonstrate my services as a wholesaler.  Can i (once for example i have a property under contract) market/advertise it on my website and then link that in with points d and e above?

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1. Buying the absolute best deals that come from these leads(you cherry pick the best ones)

---are there certain factors/ key points one can look for to determine a good deal? (people say 70% of ARV - how does that work and how can one estimate wisely what a rehab would cost and as each deal is different, how can one determine a decent not too hungry of a commission).

2. Wholesale the deals that are just "ok" to other investors who are desperate for deals and are sick of buying on the MLS

-- so would this be the deals that don't conform to the pointers in point 1?

3. Have an agent partner that you are referring the deals to that are not interested in a true investor offer(this will be 80% of your leads)

--when you mean agent / partner is this another realtor or a wholesaler whom i have connected with and built a relationship with or could this be someone else... please could you give me an example?

4. Have an agent partner who can help you generate and profit from generating buyer leads on all of the listings that you have(there is big money in this if you do it right and it is pretty easy to do)

-- this sounds interesting, but could you explain further please.

Sorry if some of the questions i am asking seem very obvious, i just want to make sure i ask and understand everything as much as possible.

Please excuse me in advance.  Thanks

Hi guys, as i have recently started out in wholesaling and reading a lot about the business and getting out there too (boots on the ground), i am looking for a mentor in the orlando area.  Someone who has done some wholesaling deals and can shed some light and guidance on the order of things to do and not to do etc.  Someone who i can meet and call on to assist.  Even if we do a deal together that would be great and of course split the profit, but to also eventually send and help each other on deals.  Is this something someone would be willing to do? I really hope so.

perfectly said Tanya 

@Steven Leigh Thank you so much for the advice, it makes clear sense now and i have more of a definitive picture. I will watch the video today and continue with my mailings.

I did as mentioned purchase a list, do you suggest or recommend a mailing company thats effectivelt low on cost but allows you to upload the excel spreadsheet of mailing addresses? I think the one i was looking at was letterstream.com

Thanks again though, you probably saw i got myself into some hot water with a chap mentioning how wholesaling is illegal too lol. I checked it up in florida and says its not actually. I was baffled by that.

@Sam Ally - Its got nothing to do with character or integrity.  My wife had a baby and we were having some difficulties with the baby. Derek had text me at the time i was in the hospital with my wife hence i relayed the message.

Nonetheless, we are all humans and do what we can.  I take my family and medical concerns seriously and a priority.  If you think that has a impact on my integrity or character, well then i am sorry to hear that and cannot comment any further. 

Best,

Ranjit

hey thanks for replying. I wanted to learn more about how you achieved such great results. Im starting off in wholesaling first. Wanted to find out how you got started and what techniques or strategy did you use in order to move through the deals. Education is key and i wantto learn and be able to share experiences and help each other to grow. 

i am not a scammer or planning on such, thank you.

I read your advice and will reach out to a real estate attorney also and find out exactly what i can and cant do. I appreciate your advice and concern amd thank you fornypur assistance. I always do things the lawful way.

Getting a little heated. Thanks rene. I will seek advice from a realty attorney tomorrow and learn more about the dos and donts.

@Sam Ally . Thanks for the detailed response and explaining your view. I just wanted to make it clear that i did not ignore or not intend on reaching back out to you. I spoke wit Derrell and mentioned we had a family emergency and that i will need to reschedule in order to meet.

It indeed is a small world, but everyone has no doubt many things going on that  can suddenly change ones course. If you are upset with my lack in communication to schedule another meeting, then i apologize and hope we can put this behind us and start afresh.

Great responses.  I am also in a similar situation. Just started out and wantinf to find out more about wholesaling in different cities.