All Forum Posts by: Samantha M.

@Joel Owens We are on the same page, that was a great post I wasn't trying to target anything at you just the tone around here sometimes when the word wholesaler is thrown around :)

@Marian Smith Perhaps that is because you are not marketing correctly or do not know successful wholesalers that do know how. No wholesalers that I do business with market to foreclosures.

And there are many other lead sources besides probate and absentee. The last house I purchased was from a wholesaler. He closed on 4 other houses that month and made over 50k for about 8 hours of work. Not bad hu? He made 15k on an assignment from me alone, and guess what I didnt care good for him I got the house at 70% ARV less repairs which is superb in the DFW market right now.

Also you dont HAVE to have a license. There are several companies in the area that will provide comps from NTREIS for a monthly fee without having to become a realtor.

Instead of lumping all wholesalers into a group and saying it doesnt work why not talk to reputable wholesalers that built a legitimate business here on the forums? such as:

@Tim Herriage @Jerry Puckett @Braden C.

Check out some of Tims webinars or Jerrys posts and drink from the metaphorical fire hydrant.

I agree with @Jane George

Many of you in this thread are being overly cynical. If someone is working hard building a BUSINESS which is what longterm wholesaling is a business you shouldnt discourage them from doing so. It takes a long time to build up momentum just like any other BUSINESS. Just ask a restaurant owner who is operating in the red for a year. Just like when I first started being a landlord I had ONE rental. Now I have many, many more. You have to start somewhere.

There is also no "misrepresentation" by LAW you are allowed to assign contracts here in Texas and most other markets.

@Dawn Anastasi maybe if users were more encouraging overall they would stick around instead many users make discouraging posts.

People come to BP for real information. Sometimes they have been misguided by guru posts. Like it "takes no money to wholesale" Thats a half truth. You will need money to market, just stay committed to it even if its only $150 a month. If you don't have alot of money, then you can spend TIME driving for dollars and things of that nature.

Give people more credit, its really discouraging to read through the overall tone of this thread. Lets encourage those who are new who or have big aspirations, I was once there too.

I have several colleagues that did the $500 option. It seemed the main purpose was to upsell the next tier of training, which I believe was $10,000. If they had questions they were often hesitant to give them answers without pitching the next level of training to them.

With all due respect I think if you just network at your local REIA and read BP religiously that is all you will really need. In fact, we will analyze your deals for you for free here on the forum, you cant beat that!

@Arktavious Sally Awesome job! I know some people get killer deals during the holiday, but in general, do you notice a decline in the amount of leads that come in?

Awesome post @Ned Carey that was practically a blog post! But tons of great information, I love seeing the process and I learn a bunch too. You should post more case studies on you blog, I really liked the last one that you had a guest do.

For those of you who do your own marketing and have done so for at least a year, either investors or wholesalers, do you notice a dip in responses to your marketing material during this time a year from October through December? I am beginning to see quite a big dip in my own business.

I know traditional real estate experiences a decline at this time, but I was wondering if you notice a decline in motivated seller responses during this time in your business as well.

I spoke with someone from another state here on BP, and he said December is one of his busiest months? Perhaps lower response rate during this time is specific to DFW?

@Account Closed How do you make your EM nonrefundable exactly? Just have no option period?

@Ned Carey $1,200 for $72k, $5k for $66k??!!! How did you ever get these accepted, and how did you know you could offer so low. Amazing

@Mike Hambright I am really confused. I was on Tim Herriages free webinar just the other day and he said himself he does about 70 houses a year. How are you doing more than Tim when he is the premier homevestors franchisee in the area.