All Forum Posts by: David Walls

As a wholesaler I definitely agree with you. It wouldn't be smart to just rely on one source. Investors should connect with agents, title companies, lenders, and other investors in that area because they will have insight and could possibly provide referrals and deals when wholesalers are short on them. 

@Anita Gee I agree with @Ralph C. Everything is negotiable, but I've always had in my contracts that the buyer pays. As long as you let them know from the beginning and the numbers will still make it a deal for them with the closing cost, they usually don't mind. 

@Dana Nay direct mail and marketing in general is all about testing new things and tracking the success rate. I've heard on multiple podcast that some investors have success when personalizing their mailing and some have seen no big difference. It's just something that you'd have to test. Best of luck to you!

Congrats @Andres Perez! Such motivation to see investors my age, doing what I plan to do. I'm currently wholesaling and plan to house hack and start to use the BRRRR strategy within the next 2-3 years. Keep up the great work.

I've used yellowletters.com in the past for postcards. They have nice prices and good customer service. 

Welcome to BP @Josh Sniegowski and @Erica Rodriguez! BP is a great place to network with the amazing investors and professionals within the Chicagoland area. Let me know if I can help out in any way. Best of luck to you both! 

I would say stay away from deals with no equity. There has to be some equity to make a deal. If they owe $50,000 on the property and the market says it's worth $50,000, there isn't a deal to be made. Then you're just buying retail.

@Katelyn Convery I'll have to agree with @Tom S.. The best way to go about it would be local REIAs (the latest one I attended had at least 8 investors looking for a wholesaler and gave me their business cards) and Biggerpockets! BP is great for this. Just post saying you're looking to connect with rehabbers in your area. I have gotten tons of messages by just posting a simple thread to connect. Flippers and cash buyers will begin to send you colleague request and message you with their criteria. 

@Sasha Josephs that's a question I had when I first started as well. Getting your buyers lined up is a good idea. But also if you come across a deal don't shy away or run from it because you don't have an extensive Buyers list. If it's really a deal, get it under contract for a longer period 30-45 day and market your contract like crazy. You'll have Craigslist, Biggerpockets, referrals, you can call title companies, and even other wholesalers if you have no luck finding a buyer. 50% of a deal by co-wholesaling or joint venturing is better than 0% of no deal. Making a post here to connect with local people in your market is a great way to start! Feel free to reach out if you have any more questions. Best of luck to you! 

This should not be normal @Joshua Feit and those actions are what make wholesaling somewhat frowned upon. But remember there's 70% of people who are terrible at what they do and 30% who are amazing in any occupation. 70% of agents, rehabbers, McDonald's workers, property management companies, etc. are terrible at what they do. You just have to find the 30% who take pride in what they do and are good at it. Sorry you've ran across the bad 70% crowd so far. Good wholesalers could bring you some awesome deals.