All Forum Posts by: Nicole Starnes

Welcome to the site Josh! Look forward to seeing your posts here.

Along the lines of title compaies, do you turn in the original contract and the assignment agreement at the same time? I was told before that it's easier to hold onto the contract until you get it assigned, then give everything to the title company at once. Is this right?

It depends on how YOU look at it. You're the one that is showing this house to buyers so you need to feel confdent in what you're explaining to them.

One way you can do it is to tell buyers that it's a 2/1, but could be turned into a a 3/1.

Good question, Chris! I've been wondering this for a while also. I've been adding buyer's to my mail contacts and putting them in my "buyers" group so that way, I only have to send out 1 email when I get a new property. The only thing I'm worried about is losing buyers because not every house fits every buyer's needs. One buyer might be interested in most of my deals, when another buyer might get annoyed because they're not interested in any of them.

If I have a list of 200+ buyers, how do I keep track of what each of them are looking for?

I actually started wholesaling about a year and a half ago and have been a member of BP for just about that long. You're right, BP is great...it's full of investors of all kinds who are currently succeeding today.

I definitely understand what you mean by getting overwhelmed. I knew I was going to wholesale, but I ended up signing up for so many different email lists for information from the gurus (preston ely, mike collins, collin egbert, etc...) and spending almost every waking moment on real estate that I got kind of burned out. I put so much time into it and still haven't gotten a deal sold yet. For a few months, I was kind of taking a break because I started to get frustrated and thought that maybe I just couldn't do it in this market. I've since snapped out of it and now I've got a plan. I was all over the place before so WHEN I make it, having a plan put together is the 1st bit of advice I'll give to newbies.

I am pretty much a newbie also (and will consider myself as such until I get a deal done). I've gotten the hang of actually building a buyer's list. I have about 40 investors on my email list and tons of sites that I know of to market (craigslist, kijiji, backpage, etc...), but I am wondering how many buyers I should have on my list before I start looking for deals. Right now, I am helping other wholesalers out in a neighboring state and while it's bringing me new buyers, they're not really buying (partly my fault, but that's a whole other can of worms).

I definitely agree with you that having a buyer's list put in place before the deals is important. Last year, I had a house for 10k under contract and after a few months, it still didn't sell because I wasn't prepared with a list of buyers. I want to start locking down properties for myself, but I'm not sure how many buyers I should have to feel comfortable enough to know that I can move them.

How long did it take you from the time you started learning about wholesaling to do your first deal?

Thanks so much guys!! :)

Me and the fam are thinking about moving down to FL here in the next 4-5 months. Of course, I would continue wholesaling, but I've heard that the RE market in the entire state of FL isn't really a good one. Can someone clear things up for me?

Out of curiosity, is she in foreclosure or just wanting to sell the home?