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14d โ€ขย 
Q&A
What's the Best Way to Build a Solid Buyers List?
There are at least a dozen ways to build a strong buyers list. You want buyers who are hungry for deals, able to move quickly and clear on what they want. My current top 3 methods for finding buyers I can count on: - InvestorBase - REIA meetups - "Goldilocks" agents: Not your hot top producers and team leaders, but not agents who've only sold one deal in the past 12 months. You want agents in the middle of the pack who are active, investor-friendly, and hungry for deals These are what's working best for me as of today. What's works best for you?
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Jun 4 โ€ขย 
Q&A
Which to Get First - Deals Under Contract, or Cash Buyers?
A lot of would-be successful wholesalers struggle with this question. I see it as a chicken and egg scenario. I've made over 300 offers since January of this year. Out of those, I got four house deals u/c, thinking they'd be no-brainers for buyers. What I discovered is (a LOT) more buyer reluctance and wariness of the current market than I'd imagined. I released every one even before my EMD deadline had passed. All agents were appreciative of the effort and swift decision during the DD period. However if I hadn't gone under contract and really got a sense of what the few buyers I'm in touch with at this point (my #1 priority right now is building that bench) were feeling, I'd be way less in touch with my market and what really flies in the acquisition offers I'm making. What do you see as your greatest hurdle to successful deal-making at this point?
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May 31 โ€ขย 
Q&A
Are Short Sales Worth Pursuing as a Wholesaler?
Received this response from the listing agent to my offer at $109,550: "Well will you go to $156,500 with no assignable contract? Otherwise it will automatically be denied by the bank with this being a short sale (with appraisal in file)." So, are short sales worth pursuing as a quick cash flow strategy? The answer, especially if you are early in your investing journey is an unequivocal NO. Let us count the reasons why: 1. ๐—•๐—ฎ๐—ป๐—ธ๐˜€ ๐—”๐—ฟ๐—ฒ ๐—ก๐—ผ๐˜ ๐— ๐—ผ๐˜๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฆ๐—ฒ๐—น๐—น๐—ฒ๐—ฟ๐˜€: A distressed homeowner may be motivated, but the bank usually isn't. (Or at least tries to make like they're not.) They're just trying to minimize loss and justify the payoff internally. 2. ๐—”๐˜€๐˜€๐—ถ๐—ด๐—ป๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—”๐—ฟ๐—ฒ ๐—™๐—ฟ๐—ฒ๐—พ๐˜‚๐—ฒ๐—ป๐˜๐—น๐˜† ๐—ฅ๐—ฒ๐˜€๐˜๐—ฟ๐—ถ๐—ฐ๐˜๐—ฒ๐—ฑ: Many short sale approval letters prohibit assignments, double-close markups, same-day resales, or even resale within a certain period. 3. ๐—”๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฎ๐—น ๐—ง๐—ฎ๐—ธ๐—ฒ๐˜€ ๐—™๐—ผ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ: Wholesaling is all about speed, certainty and momentum. Short sales are all about waiting, more waiting and additional waiting. 4. ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฝ๐—ฟ๐—ฒ๐—ฎ๐—ฑ ๐—š๐—ฒ๐˜๐˜€ ๐—ฆ๐—พ๐˜‚๐—ฒ๐—ฒ๐˜‡๐—ฒ๐—ฑ: Suppose ARV = $250k, rehab = $60k and you think the deal is worth $120k. The bank appraisal says $165k. Guess who usually wins? The bank. Oops, there went your spread. ๐— ๐—ผ๐—ฟ๐—ฎ๐—น ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐˜€๐˜๐—ผ๐—ฟ๐˜†: Except in rare instances where it's worth your while to exercise extreme patience, stay away from short sales. (See attached)
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Are Short Sales Worth Pursuing as a Wholesaler?
Mar 26 โ€ขย 
Q&A
Q: Whatโ€™s the Best, Fastest, FREE Lead Source for Wholesaling?
Short answer: There isnโ€™t just one. But there are a handful that consistently work โ€” especially when youโ€™re starting out with more hustle than budget. ๐— ๐˜† ๐—–๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜ ๐—™๐—ฎ๐˜ƒ๐—ผ๐—ฟ๐—ถ๐˜๐—ฒ๐˜€ (๐—•๐—ฒ๐—ด๐—ถ๐—ป๐—ป๐—ฒ๐—ฟ-๐—™๐—ฟ๐—ถ๐—ฒ๐—ป๐—ฑ๐—น๐˜†) ๐Ÿญ. ๐—”๐—ด๐—ฒ๐—ป๐˜ ๐—œ๐—ป๐—ฏ๐—ผ๐˜‚๐—ป๐—ฑ (๐— ๐—Ÿ๐—ฆ ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€๐—ต๐—ถ๐—ฝ๐˜€) Build relationships with agents โ†’ they bring you deals ๐Ÿ‘‰ Fast, scalable, and relationship-driven ๐Ÿฎ. ๐——๐—ฟ๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐——๐—ผ๐—น๐—น๐—ฎ๐—ฟ๐˜€ Find distressed properties no one else is targeting ๐Ÿ‘‰ Sweat equity โ†’ high-quality leads ๐Ÿฏ. ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—Ÿ๐—ถ๐˜€๐˜๐˜€ Pre-foreclosures, code violations, evictions ๐Ÿ‘‰ Built-in motivation (if you approach it right) ๐Ÿฐ. โ€œ๐——๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น ๐—•๐—ฎ๐—ป๐—ฑ๐—ถ๐˜ ๐—ฆ๐—ถ๐—ด๐—ป๐˜€โ€ Facebook groups, local posts, simple outreach ๐Ÿ‘‰ Quick conversations, zero cost ๐Ÿฑ. ๐—ฆ๐—˜๐—ข / ๐—”๐—œ ๐—ฅ๐—ฒ๐—ณ๐—ฒ๐—ฟ๐—ฟ๐—ฎ๐—น๐˜€ (Advanced but powerful) ๐Ÿ‘‰ Slower ramp, but long-term inbound machine if done right ๐Ÿฒ. ๐—˜๐—บ๐—ฎ๐—ถ๐—น ๐—•๐—น๐—ฎ๐˜€๐˜๐—ถ๐—ป๐—ด (Learning this now, a particular of mine b/c of my background in email marketing) ๐Ÿ‘‰ Hearing strong things, still testing ๐—ง๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—”๐—ป๐˜€๐˜„๐—ฒ๐—ฟ ๐— ๐—ผ๐˜€๐˜ ๐—ฃ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐— ๐—ถ๐˜€๐˜€ Itโ€™s not the list. Itโ€™s your ability to: โ€ข Start conversations โ€ข Build trust โ€ข Follow up consistently Give two investors the same listโ€ฆ One makes money. One doesnโ€™t. My Take for Beginners If I had to start over with $0: ๐Ÿ‘‰ Agent relationships ๐Ÿ‘‰ Driving for dollars ๐Ÿ‘‰ Facebook / digital bandit signs Stack those daily and youโ€™ll get leads. ๐Ÿ’ฌ Question: Whatโ€™s been your BEST lead source so far โ€” or what are you testing right now?
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Feb 22 โ€ขย 
Q&A
"What Are the Pros and Cons of Sub-to Deals?"
Saw this question recently in a post. It's a great question. And one every serious investor should be able to answer clearly. First, full transparency: Iโ€™m not an attorney, and I havenโ€™t personally closed a sub-to deal yet. Iโ€™ve done several direct-to-seller purchases and seller-financed deals, and Iโ€™ve studied creative finance pretty extensivelyโ€ฆ but Iโ€™m not claiming expert status here. ๐—ง๐—ต๐—ฎ๐˜ ๐˜€๐—ฎ๐—ถ๐—ฑ, ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐˜€๐˜๐—ฟ๐—ถ๐—ฝ ๐—ฎ๐˜„๐—ฎ๐˜† ๐˜๐—ต๐—ฒ ๐—ฌ๐—ผ๐˜‚๐—ง๐˜‚๐—ฏ๐—ฒ ๐—ต๐˜†๐—ฝ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—น๐—ผ๐—ผ๐—ธ ๐—ฎ๐˜ ๐—ถ๐˜ ๐˜€๐—ผ๐—ฏ๐—ฒ๐—ฟ๐—น๐˜†, ๐—ต๐—ฒ๐—ฟ๐—ฒโ€™๐˜€ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐—ฎ๐—น๐—ถ๐˜๐˜†: In a subject-to transaction, the loan stays in the sellerโ€™s name.Title transfers to the buyer. And that structure creates real risks for the seller. Here are the biggies: ๐Ÿญ. ๐—–๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜ ๐——๐—ฎ๐—บ๐—ฎ๐—ด๐—ฒ. ๐—ถ๐—ณ ๐˜๐—ต๐—ฒ ๐—•๐˜‚๐˜†๐—ฒ๐—ฟ ๐——๐—ฒ๐—ณ๐—ฎ๐˜‚๐—น๐˜๐˜€. If the buyer misses payments, it hits the sellerโ€™s credit. Period. Foreclosure risk remains theirs. ๐Ÿฎ. ๐—ง๐—ต๐—ฒ ๐——๐˜‚๐—ฒ-๐—ผ๐—ป-๐—ฆ๐—ฎ๐—น๐—ฒ ๐—–๐—น๐—ฎ๐˜‚๐˜€๐—ฒ. Most mortgages contain a clause allowing the lender to call the loan due if ownership transfers. It's not always enforcedโ€ฆ but it absolutely can be. ๐Ÿฏ. ๐—Ÿ๐—ผ๐˜€๐˜€ ๐—ผ๐—ณ ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น. The seller no longer owns the property, yet the mortgage liability stays with them. ๐Ÿฐ. ๐——๐—ฒ๐—ฏ๐˜-๐˜๐—ผ-๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜.That loan still shows on their credit, potentially limiting their ability to qualify for another home. ๐Ÿฑ. ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐— ๐—ถ๐˜€๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฅ๐—ถ๐˜€๐—ธ. If the buyer neglects insurance, maintenance, or abandons the property, the seller could end up tied to a deteriorating asset. Now, can these risks be mitigated? Yes. โ€ข Loan servicing companies โ€ข Proper insurance structure โ€ข Thorough buyer vetting โ€ข Clear written agreements โ€ข Attorney review And hereโ€™s the real questionโ€ฆ ๐™„๐™› ๐™ฎ๐™ค๐™ชโ€™๐™ง๐™š ๐™ฅ๐™ค๐™จ๐™ž๐™ฉ๐™ž๐™ค๐™ฃ๐™ž๐™ฃ๐™œ ๐™ฎ๐™ค๐™ช๐™ง๐™จ๐™š๐™ก๐™› ๐™–๐™จ ๐™– ๐™ฅ๐™ง๐™ค๐™—๐™ก๐™š๐™ข ๐™จ๐™ค๐™ก๐™ซ๐™š๐™ง ๐™›๐™ค๐™ง ๐™จ๐™š๐™ก๐™ก๐™š๐™ง๐™จ, ๐™˜๐™–๐™ฃ ๐™ฎ๐™ค๐™ช ๐™˜๐™ก๐™š๐™–๐™ง๐™ก๐™ฎ ๐™–๐™ง๐™ฉ๐™ž๐™˜๐™ช๐™ก๐™–๐™ฉ๐™š ๐™ฉ๐™๐™š๐™จ๐™š ๐™ง๐™ž๐™จ๐™ ๐™จ ๐™—๐™š๐™›๐™ค๐™ง๐™š ๐™ฉ๐™๐™š๐™ฎ ๐™–๐™จ๐™ ? Because if you canโ€™t explain the downside, youโ€™re not advisingโ€ฆ youโ€™re pitching. And that erodes trust. Youโ€™ve probably seen creators like Pace Morby advocate heavily for sub-to as a powerful tool. And it can be. Used responsibly, it absolutely has its place. But there is a less risky alternative worth considering:
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"What Are the Pros and Cons of Sub-to Deals?"
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