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Wholesaling Real Estate

60.4k members • Free

261 contributions to Wholesaling Real Estate
VIRTUALLY WHOLESALING IS NOT FOR THE WEAK
Wasgood everybody, it's Danny (fka Primo Jones). I've been virtually wholesaling for the past few years, and I've closed about 7 deals in the DFW market just by using Google Voice and my own wits. Not sure who will read this, but hopefully, it'll draw some inspiration. First and foremost, I didn't start wholesaling the traditional way. My first deal was literally a million-dollar home that was on-market in North Dallas. I got it from manually email blasting realtors and finding cash buyers from Facebook, and I ended up assigning the contract for 10 grand. I think we can all agree that feeling of getting that first check is monumental. After that, I doubled down on the email blasting efforts and got a second on-market deal for $5,000. Slowly but surely, I started to realize how much patience a lot of realtors lack when it comes to wholesalers, so I decided to transition to ODS (off-market, direct to seller). Now when I first started cold calling, I did not like it one bit. I'm very antisocial, so getting cussed out by random people for free wasn't in my best interest. What helped me push through the adversity was my why. I know it sounds cliché, and Rick & Zach are always preaching it, but you have to have a why and a deep sense of conviction that things will work; as long as you're putting yourself in the best position. That being said, I persevered and was able to get 4 more deals from cold calling fire-damaged leads and code violations in DFW. The first was for $1500, and it was a fire-damaged house a couple of brothers wanted to get rid of. I actually worked with a guy from New Western to get this one sold. He and I are still in contact to this day, and he's actually connected me with a couple of guys from RFP Homes (shoutout to Max Dier). The second one I got was a code violation, and that same guy from New Western was able to help me get $3000 for it. The 3rd & 4th were also code violations, and the biggest assignment fee I got was $20,000 (net profit was $50K), and right after that, I got a $2500 deal.
1 like • 2d
Thank you for sharing😊. I was thinking about pushing my cold calling for another day but I’ll do it today lol
It’s a marathon not a sprint…
Rick had said numerous times in his videos that “wholesaling is a marathon not a sprint.” Now I get what he’s saying😩. Earlier this year, I closed my first deal and was so eager to close the next one I started doing too much and rushing the process. It resulted in me experiencing burnout and disappointment. If you have been following me for a while you’ll see I was trying to challenge myself to do one month’s of work in just a few days. I honestly feel like that’s what slowed me down from closing my next one. Now I’m focused on consistency, tracking, follow ups, and just doing this business at a steady pace😅.
Virtual Wholesaling Houses
I’m trying to get into virtually wholesaling houses. If I need pictures taken of the property, what are some ways I can do it besides JVing with someone? Is there a service that does something like this? If anyone knows, I’d really appreciate the help. Thank you.
1 like • 5d
I just ask the owner to take pictures
0 likes • 5d
@Anthony Wiley agreed
XLeads info or inquiry!
Hello Guys, I am from XLeads, any inquiries or questions that you may have please send me a DM,
1 like • 5d
Yay! Great!!
How we closed a $38k assignment deal using X leads. (not the traditional way 🤫)
So most people use Xleads & pull list to call to market to. But if you look it’s also a market place to post your off market deals. I do a lot of JV so I searched the deals that were available in my market ( PHILLY, PA ). The Xleads user who had the deal locked up couldn’t find a buyer so I asked if I could be of assistance. At first he wasn’t interested. But then came back a couple days later realizing he wasn’t able to sell the deal as easy as he thought. Then he gave me a chance!! I was able to partner up with another wholesaler who brought a buyer to the deal. Long story short, deal closed and we got to the finish line 🏁. And I have a new JV partner who will bring any deals here to me first.
How we closed a $38k assignment deal using X leads. (not the traditional way 🤫)
2 likes • 6d
Wow! Thank you for sharing that! Is it that feature only available in the premium subscription?
1 like • 6d
@Ralph Peña okay but congrats!
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Jasmine St. Julien
7
5,114points to level up
@jasmine-st-julien-5339
Houston, Texas

Active 1h ago
Joined Dec 12, 2024
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