u/Relative-Bandicoot-5

If you want to find cash buyers for free cause your broke in a disclosure/disclosed state. it’s pretty easy plus this best way in my opinion to make sure there vetted.

1.Go to redfin
Search up your area around the house you have U/C
Put “Renovated” In filters

2.Find flipped property
Should be obvious if it was a flip
Low DOM,Older house,Looks updated and new

3.Go to the County’s Tax Assessor
Your counties tax assessor Search property and transfer ownership history or whatever it’s called.
Look for an LLC that lines up with listing date. This is a good indicator that it’s an Investor.

4.Go to your states entity search.
Type the LLC then you should either get the Director or owner of LLC. If you can’t find that use the Agent/Registrant info
IF YOUR GRABBING THE AGENT please ffs make sure it’s not a lawyer.

5.Truepeoplesearch or whatever other free skiptracing

Skiptrace and make sure one there addresses lines up with the registration office.

6.Call,Vet,Send

call be like “Is this (owner or LLC), saw you flipped or renovated a property seeing if your looking for another project.” Once they say yes you VET, GET A POF or something to make sure they don’t backdoor you.

If you do this all day you can probably get a couple showings going.

From what i’ve seen. The 85/15 all the way to 70/30 split Brokerages All seem to not match the value they take.

Considering they are usually taking atleast 1k off each of your commission. The value doesn’t match it,especially in bigger brokerages.

Most of what the “coaches” ( the one meeting/contact per week) teach can be taught online,especially regarding contract and transaction work.

Lead gen the most important part starting out,is rarely ever taught, tired of hearing “just call your SOI” and open house show
Your SOI is limited. Also there’s a lot people don’t have a realtor they would trust with their house.
Open houses are cool but like cold calling takes a certain individual.
Why does none of them teach cold outreach marketing? PPC,FB ADS? How to Have multiple exits for your client not just listing but cash offers? Or having contractors on the go to renovate the house for higher value?
This type of stuff i see is never taught.

Obviously your suppose to learn it on your own
But,
Wouldn’t a broker and their brokerage maximize profits by being actively involved to make sure each of there agents are getting listings?

Just want some opinions. But you’ll see the biggest thing gurus or people in here pitch is JVing with them on deals you closed on.
Just want to clarify i think this is a grift most the time as Dispo on a deal is easy if your numbers line up.

But i can see the benefit of Dispo with big boxes like New Western just cause of pure volume. Has some insight knowledge that there investor list in a local metro i have is 40k+ deep.
Thoughts?

I’m an investor trying to get into retail listings. I feel like tired landlords are a great marketing target. Because i can offer them cash offers, Flip and list,etc. multiple options.
Plus Landlords usually have multiple properties they want to sell within a year.
Just wondering if anybody has experience with this specific Homeowner.

I’m sorry but i tried asking a question about how an investor should get into the retail side with marketing with any suggestions. Then i get downvoted to oblivion cause i reposted it from the wholesaling community.
Also another guy was asking today why doesn’t realtors specialize in niches. Have people talking down to him even by a lender (Ironic because seen multiple lenders just straight up ruin transactions)
Just would love to talk and just point out some things and yes i’m licensed as-well.
1. Wholesaling have bad apples but so do realtors
Tired of the Morality play by most realtors. Also it shows a very lack of knowledge when some of Y’all think the solution to this is making wholesalers get licensed. Yes let’s make wholesalers get licensed by an organization that just had a $400M dispute.
Now if you want to talk about forcing disclosure. That’s a great change that every Successful wholesaler actually pushes for. It also has shown to boost investor activity in Alabama around the time it was passed.
I’ve seen multiple realtors do a terrible job for their clients and if it was so professional and sophisticated you guys wouldn’t have a near 90% turnover rate the first year.

2. Not everybody needs or wants the highest and Best
Yes the Grandma might actually prefer a cash offer that’s 70% its arv minus repairs and assignment fee.
It’s their choice to sell it for cash. What you want them to do with their as is old house? List it with an agent so they can pay realtor fees for a cash offer they received from a wholesaler or an investor on market and make less anyways?
This also goes for my 3rd Point
3.Its not their fault if there doing your job better then you
The realtors who are suppose to be good at Rapport building and Lead capturing are getting outdone by a wholesaler??? 🤯🤯
Yet it’s somehow their fault. Even though there no the licensed professionals? And They also have the “disadvantage”. Most agents don’t even list any houses, that’s embarrassing. Stop being mad cause you can’t out market some guy out of high school who picked up real estate a couple months ago, and actually reflect on how you can reach these homeowners and capture them before they do.

Probably will get downvoted but seeing hypocrisy and just blind hate from both sides will never help the industry. Have a great day🙏
Also PS. I’ve done Creative finance,wholesale,Costum home builds,and other sorts of deals in real estate so i’m not just wholesaling.

So marketing in Wholesaling is usually SMS blasting and FB ads are what found best ROI right now.

But I live in Dallas and been holding off on doing investing here because its just super competitive on acquisition and I'm still fairly new to the game. I've recently been willing to do real estate listings but the marketing might be different. For wholesaling cold calling is usually always trash as everybody is doing it. Assuming same for Realtors. But cold outreach could be more effective if i targeted zip codes and SMS blast upfront with cash offer then offer to list if they want market value. Any thoughts?

Been SMS blasting as one my main marketing pools. Usually just getting volume lists from propstream and it works but i want a higher response rate and quality list.
Doing Mostly tired Landlords but i want people that have some sort of distress. We found maybe probates?
Let me know.

The title is very conflicting to some people who just Hate any sort of GURUs. Let me make this clear
I think most gurus are overpricing courses and not providing much value from a mentorship,especially in the RE space.
Also i never spent money on anything RJ Bates Related. I also think a lot of education that you get without actually doing the Real estate actions can be found for free

But the dude legit has the solution to the Wholesaling reputation in this industry but a lot of people won’t buy into because he sells a high ticket course.

In my opinion his closing formula is the best one for new wholesalers to learn
He promotes Clarity and authenticity into what you’re doing with the seller which is what needs to be done in this industry.
Realistically you shouldn’t need to double close on a lot of deals unless it’s very sticky. I’ve been with teams that double close on everything and when I see how they acquisition very sketchy. It makes sense. Regulations for disclosing are a good thing and you shouldn’t need to be a “Sales” guy.
I’ve gotten heat from realtors before for saying having a salesy pitch is borderline deceptive.
The best forms of sales is providing value and high quality service. Then just pitching your value.
If the industry as a whole can force disclosure for wholesaling then we can get rid of the tire kickers and help the industry see the value in wholesaling.
So if any new wholesalers are wondering where to learn acquisition from. RJ Bates is probably your best source.

I hate seeing the market being over saturated partly due to Gurus convincing people they can wholesale their whole lives and make 6-7 figures and live lavishly. Some realities i think beginners need to know now that i’ve been in Real estate for a year.

1.Wholesaling isn’t and will never be “Free”
You’ll hear people like Zach Ginn claim you can be successful doing it for free. You’ll learn quickly that it comes with a cost of wasting a bunch of time. Problem with most these gurus is they think the market is the same when they started. Wholesale real estate is basically being an acquisition for an end buyer. You can get a deal calling MLS listings all day for 2-3 months but why do that when you can just work another job learn how to qualify and close then outsource lead gen and learn to do multiple deals. If you’re scared of spending money or risk money to save time. do yourself a favour and find another career.

2.You should work a second job until you hit 6 figures earned
You’ll also learn quickly that not only is it not free but it isn’t cheap to scale a real estate buisness. Especially in this market. Your first year is going to be hell. Also supplemental income will help you scale. My biggest mistake was trying to be “full time” real estate too early costed me big time.

3.Time and money are two side of the same coin
I hear people in here say that every mentorship that cost 5-10k is a scam. Objectively this isn’t true. Yes if you pay 10k to a non vetted real estate investors lazy course you deserve to lose money. But people who say “Don’t ever pay 5k for a mentorship” is dumb. Don’t expect somebody successful in real estate give their time and knowledge for free.

4.Only wholesaling is losing out on money.
I also don’t understand people wanting to make 7 figures with only wholesaling. You’re already doing marketing and acquisition. After learning the market hit the books and learn how to flip,be a developer,buy or trade notes just learn how to make use of your capital that’s what investing is. Flippers can do 2-3 flips a year and make around an extra 100k. No reason you can’t.

This isn’t applicable to everyone but this is the mindset i think people entering should have for the post covid market.